Webster Financial Corp. (NYSE:WBS) – Research analysts at Jefferies Group dropped their FY2016 earnings estimates for shares of Webster Financial Corp. in a research report issued on Friday. Jefferies Group analyst C. Haire now anticipates that the brokerage will post earnings of $2.07 per share for the year, down from their prior estimate of $2.08. Jefferies Group currently has a “Hold” rating and a $36.00 target price on the stock. Jefferies Group also issued estimates for Webster Financial Corp.’s FY2018 earnings at $2.50 EPS.

Webster Financial Corp. (NYSE:WBS) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. Webster Financial Corp. had a net margin of 19.44% and a return on equity of 8.84%. The firm had revenue of $242 million for the quarter, compared to analysts’ expectations of $177.92 million. During the same quarter last year, the business earned $0.55 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis.

Earnings History and Estimates for Webster Financial Corp. (NYSE:WBS)

Other analysts have also issued reports about the company. Deutsche Bank AG reaffirmed a “buy” rating and set a $39.00 target price on shares of Webster Financial Corp. in a report on Friday, June 17th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $39.00 price objective on shares of Webster Financial Corp. in a report on Friday, June 17th. Barclays PLC lowered Webster Financial Corp. from an “overweight” rating to an “equal weight” rating and set a $38.00 price objective on the stock. in a report on Friday, August 5th. Zacks Investment Research raised Webster Financial Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Finally, FBR & Co reissued a “hold” rating and issued a $36.00 price objective on shares of Webster Financial Corp. in a report on Friday, June 17th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $38.22.

Webster Financial Corp. (NYSE:WBS) opened at 38.69 on Monday. The company has a market cap of $3.55 billion, a PE ratio of 18.34 and a beta of 1.46. Webster Financial Corp. has a one year low of $30.09 and a one year high of $40.72. The stock has a 50 day moving average of $38.10 and a 200 day moving average of $36.67.

In related news, EVP Daniel Bley sold 5,153 shares of Webster Financial Corp. stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $36.03, for a total transaction of $185,662.59. Following the transaction, the executive vice president now owns 35,415 shares in the company, valued at $1,276,002.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Joseph Crawford sold 3,000 shares of Webster Financial Corp. stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $36.15, for a total value of $108,450.00. Following the transaction, the director now owns 21,705 shares in the company, valued at approximately $784,635.75. The disclosure for this sale can be found here. Corporate insiders own 2.59% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Commerce Bank increased its stake in Webster Financial Corp. by 0.4% in the second quarter. Commerce Bank now owns 12,705 shares of the financial services provider’s stock worth $431,000 after buying an additional 50 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in Webster Financial Corp. by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 15,824 shares of the financial services provider’s stock worth $537,000 after buying an additional 51 shares in the last quarter. Creative Planning increased its stake in Webster Financial Corp. by 1.0% in the second quarter. Creative Planning now owns 6,467 shares of the financial services provider’s stock worth $220,000 after buying an additional 65 shares in the last quarter. Commonwealth Equity Services Inc increased its stake in Webster Financial Corp. by 0.3% in the first quarter. Commonwealth Equity Services Inc now owns 23,414 shares of the financial services provider’s stock worth $841,000 after buying an additional 74 shares in the last quarter. Finally, Essex Financial Services Inc. increased its stake in Webster Financial Corp. by 0.5% in the second quarter. Essex Financial Services Inc. now owns 15,651 shares of the financial services provider’s stock worth $531,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 94.31% of the company’s stock.

About Webster Financial Corp.

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.

5 Day Chart for NYSE:WBS

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