Webster Financial Co. (WBS) Receives Consensus Rating of “Hold” from Analysts

Shares of Webster Financial Co. (NYSE:WBS) have been given an average rating of “Hold” by the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $58.67.

A number of brokerages have commented on WBS. Zacks Investment Research upgraded Webster Financial from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Wednesday, December 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $63.00 price objective on shares of Webster Financial in a research note on Friday, October 20th. Barclays set a $55.00 price objective on Webster Financial and gave the stock a “hold” rating in a research note on Friday, October 20th. Wells Fargo & Co boosted their price objective on Webster Financial from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Finally, Piper Jaffray Companies upgraded Webster Financial from an “underweight” rating to a “neutral” rating and set a $55.00 price objective on the stock in a research note on Friday, January 5th.

Shares of Webster Financial (WBS) traded up $0.50 during trading on Friday, reaching $58.90. The company had a trading volume of 678,067 shares, compared to its average volume of 417,026. Webster Financial has a 52-week low of $44.04 and a 52-week high of $59.86. The firm has a market capitalization of $5,787.42, a PE ratio of 23.28, a P/E/G ratio of 2.27 and a beta of 1.22. 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 (NYSE:WBS) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.03. The firm had revenue of $266.75 million for the quarter, compared to analysts’ expectations of $269.03 million. Webster Financial had a return on equity of 9.89% and a net margin of 21.09%. During the same quarter last year, the firm earned $0.54 earnings per share. analysts predict that Webster Financial will post 2.6 EPS for the current fiscal year.

In other news, Chairman James Copenhaver Smith sold 8,943 shares of Webster Financial stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $55.93, for a total transaction of $500,181.99. Following the sale, the chairman now directly owns 316,103 shares of the company’s stock, valued at $17,679,640.79. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Karen R. Osar sold 12,923 shares of Webster Financial stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $54.70, for a total value of $706,888.10. Following the sale, the director now directly owns 36,984 shares in the company, valued at $2,023,024.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,107 shares of company stock worth $1,988,452. 2.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Frontier Capital Management Co. LLC increased its position in shares of Webster Financial by 103.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,411,061 shares of the financial services provider’s stock worth $135,405,000 after acquiring an additional 1,223,617 shares during the last quarter. American Century Companies Inc. bought a new stake in Webster Financial in the third quarter valued at about $87,888,000. Pzena Investment Management LLC increased its holdings in Webster Financial by 2.0% in the third quarter. Pzena Investment Management LLC now owns 1,543,338 shares of the financial services provider’s stock valued at $81,102,000 after buying an additional 30,216 shares during the last quarter. Koch Industries Inc. bought a new stake in Webster Financial in the second quarter valued at about $1,387,000. Finally, Wasatch Advisors Inc. increased its holdings in Webster Financial by 1.1% in the third quarter. Wasatch Advisors Inc. now owns 1,250,812 shares of the financial services provider’s stock valued at $65,730,000 after buying an additional 13,041 shares during the last quarter. 86.77% of the stock is currently owned by institutional investors and hedge funds.

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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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