Shares of Webster Financial Co. (NYSE:WBS) have earned an average rating of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $59.82.
A number of brokerages have recently commented on WBS. Morgan Stanley boosted their price objective on Webster Financial from $54.00 to $56.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. boosted their price objective on Webster Financial from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Boenning Scattergood reissued a “hold” rating on shares of Webster Financial in a research report on Wednesday, January 24th. Sandler O’Neill reissued a “hold” rating and set a $60.00 price objective on shares of Webster Financial in a research report on Tuesday, January 23rd. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $56.00 price objective on shares of Webster Financial in a research report on Tuesday, January 23rd.
Shares of Webster Financial (NYSE:WBS) traded up $1.75 during trading on Wednesday, hitting $55.59. The stock had a trading volume of 190,560 shares, compared to its average volume of 537,542. Webster Financial has a 1-year low of $44.04 and a 1-year high of $60.32. The firm has a market capitalization of $4,936.61, a P/E ratio of 20.84, a PEG ratio of 1.99 and a beta of 1.15. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.82 and a current ratio of 0.82.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, February 12th. Webster Financial’s dividend payout ratio (DPR) is 39.10%.
In other news, Director Joel S. Becker sold 5,064 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $54.22, for a total value of $274,570.08. Following the completion of the sale, the director now directly owns 58,283 shares of the company’s stock, valued at $3,160,104.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel Bley sold 2,917 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $58.27, for a total value of $169,973.59. Following the completion of the sale, the executive vice president now directly owns 19,804 shares of the company’s stock, valued at $1,153,979.08. The disclosure for this sale can be found here. Insiders sold 11,272 shares of company stock valued at $629,959 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of WBS. American Century Companies Inc. acquired a new stake in shares of Webster Financial in the third quarter valued at approximately $87,888,000. Frontier Capital Management Co. LLC boosted its holdings in shares of Webster Financial by 103.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,411,061 shares of the financial services provider’s stock valued at $135,405,000 after acquiring an additional 1,223,617 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Webster Financial in the third quarter valued at approximately $54,672,000. Brown Advisory Inc. acquired a new stake in shares of Webster Financial in the third quarter valued at approximately $29,151,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Webster Financial by 27.8% in the third quarter. Wells Fargo & Company MN now owns 1,186,320 shares of the financial services provider’s stock valued at $62,342,000 after acquiring an additional 258,311 shares during the period. 94.75% of the stock is 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.
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