Webster Financial (WBS) Set to Announce Earnings on Tuesday

Webster Financial (NYSE:WBS) will post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Webster Financial to post earnings of $1.40 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Webster Financial (NYSE:WBS) last posted its earnings results on Tuesday, January 23rd. The financial services provider reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.02). Webster Financial had a return on equity of 13.05% and a net margin of 22.01%. The firm had revenue of $996.96 million for the quarter, compared to analysts’ expectations of $674.82 million. During the same quarter in the previous year, the firm posted $1.60 earnings per share. On average, analysts expect Webster Financial to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Webster Financial Stock Performance

NYSE WBS opened at $45.81 on Tuesday. Webster Financial has a fifty-two week low of $31.03 and a fifty-two week high of $53.39. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 0.37 and a beta of 1.33. The business has a fifty day moving average of $48.03 and a 200-day moving average of $46.22. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.41.

Webster Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, February 5th were issued a $0.40 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.49%. Webster Financial’s dividend payout ratio (DPR) is 32.72%.

Insiders Place Their Bets

In other Webster Financial news, insider Charles L. Wilkins sold 3,966 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $51.56, for a total transaction of $204,486.96. Following the completion of the sale, the insider now directly owns 49,528 shares in the company, valued at $2,553,663.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Daniel Bley sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $47.60, for a total value of $95,200.00. Following the completion of the sale, the insider now owns 27,955 shares of the company’s stock, valued at $1,330,658. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Charles L. Wilkins sold 3,966 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $51.56, for a total value of $204,486.96. Following the completion of the sale, the insider now directly owns 49,528 shares of the company’s stock, valued at approximately $2,553,663.68. The disclosure for this sale can be found here. Insiders sold 29,941 shares of company stock worth $1,545,582 over the last three months. 0.88% of the stock is owned by insiders.

Institutional Investors Weigh In On Webster Financial

Several institutional investors and hedge funds have recently modified their holdings of WBS. Vanguard Group Inc. boosted its position in shares of Webster Financial by 88.3% in the first quarter. Vanguard Group Inc. now owns 17,401,872 shares of the financial services provider’s stock worth $976,594,000 after buying an additional 8,161,424 shares during the period. Invesco Ltd. boosted its holdings in Webster Financial by 219.4% in the first quarter. Invesco Ltd. now owns 4,782,300 shares of the financial services provider’s stock valued at $268,381,000 after purchasing an additional 3,285,002 shares during the last quarter. State Street Corp lifted its holdings in Webster Financial by 68.8% during the 1st quarter. State Street Corp now owns 7,511,290 shares of the financial services provider’s stock worth $421,534,000 after buying an additional 3,061,831 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in Webster Financial by 2,063.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,888,900 shares of the financial services provider’s stock worth $71,306,000 after buying an additional 1,801,600 shares during the last quarter. Finally, Norges Bank bought a new position in Webster Financial during the 4th quarter worth approximately $84,632,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WBS has been the subject of a number of analyst reports. Raymond James reissued an “outperform” rating and issued a $60.00 price target on shares of Webster Financial in a report on Tuesday, March 26th. StockNews.com lowered Webster Financial from a “hold” rating to a “sell” rating in a research note on Tuesday. Bank of America assumed coverage on Webster Financial in a research note on Thursday, January 11th. They issued a “buy” rating and a $60.00 target price for the company. Jefferies Financial Group dropped their target price on Webster Financial from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $64.00 target price on shares of Webster Financial in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Webster Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.85.

Webster Financial Company Profile

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.