Webster Financial Co. (NYSE:WBS) has received a consensus recommendation of “Hold” from the twelve ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $54.88.

Several brokerages have weighed in on WBS. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $63.00 price objective on shares of Webster Financial in a research report on Friday, October 20th. Barclays set a $55.00 price objective on Webster Financial and gave the company a “hold” rating in a research report on Friday, October 20th. Zacks Investment Research downgraded Webster Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Wells Fargo & Company boosted their price objective on Webster Financial from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Finally, ValuEngine upgraded Webster Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

Shares of Webster Financial (NYSE:WBS) traded down $0.43 during mid-day trading on Friday, reaching $56.94. The company’s stock had a trading volume of 649,017 shares, compared to its average volume of 695,512. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.69. Webster Financial has a 12-month low of $44.04 and a 12-month high of $58.78. The company has a market capitalization of $5,067.80, a P/E ratio of 21.75, a P/E/G ratio of 2.65 and a beta of 1.23.

Webster Financial (NYSE:WBS) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.03. Webster Financial had a return on equity of 9.89% and a net margin of 21.09%. The firm had revenue of $266.75 million during the quarter, compared to the consensus estimate of $269.03 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. equities analysts forecast that Webster Financial will post 2.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, November 6th. This represents a $1.04 annualized dividend and a dividend yield of 1.83%. Webster Financial’s dividend payout ratio (DPR) is presently 41.11%.

In other news, Chairman James Copenhaver Smith sold 8,943 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $55.93, for a total transaction of $500,181.99. Following the transaction, the chairman now directly owns 316,103 shares of the company’s stock, valued at $17,679,640.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel Bley sold 1,486 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $54.74, for a total value of $81,343.64. Following the transaction, the executive vice president now directly owns 25,547 shares in the company, valued at $1,398,442.78. The disclosure for this sale can be found here. Insiders have sold 36,107 shares of company stock worth $1,988,452 over the last three months. Insiders own 2.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. World Asset Management Inc grew its stake in Webster Financial by 2.2% in the second quarter. World Asset Management Inc now owns 5,827 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 126 shares during the period. Teacher Retirement System of Texas grew its stake in Webster Financial by 2.5% in the second quarter. Teacher Retirement System of Texas now owns 7,391 shares of the financial services provider’s stock worth $386,000 after purchasing an additional 181 shares during the period. PNC Financial Services Group Inc. grew its stake in Webster Financial by 4.0% in the second quarter. PNC Financial Services Group Inc. now owns 5,048 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 195 shares during the period. Bank of Montreal Can grew its stake in Webster Financial by 3.4% in the second quarter. Bank of Montreal Can now owns 6,047 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 200 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Webster Financial by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 274 shares during the period. 93.51% of the stock is currently owned by institutional investors.

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Webster Financial Company Profile

Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.

Analyst Recommendations for Webster Financial (NYSE:WBS)

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