Webster Financial Corp. (NYSE:WBS) was downgraded by stock analysts at Piper Jaffray Cos. from a “neutral” rating to an “underweight” rating in a research note issued to investors on Wednesday.

A number of other research firms have also weighed in on WBS. Wells Fargo & Co. lowered shares of Webster Financial Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday. Barclays PLC lowered shares of Webster Financial Corp. from an “overweight” rating to an “equal weight” rating and set a $38.00 price target on the stock. in a research report on Friday, August 5th. Deutsche Bank AG raised their price target on shares of Webster Financial Corp. from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, September 15th. FBR & Co raised their price target on shares of Webster Financial Corp. from $36.00 to $38.00 and gave the company a “mkt perform” rating in a research report on Monday, October 24th. Finally, Zacks Investment Research raised shares of Webster Financial Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Webster Financial Corp. currently has a consensus rating of “Hold” and an average price target of $38.43.

Analyst Recommendations for Webster Financial Corp. (NYSE:WBS)

Webster Financial Corp. (NYSE:WBS) opened at 46.98 on Wednesday. Webster Financial Corp. has a 12 month low of $30.09 and a 12 month high of $49.14. The firm’s 50 day moving average is $40.13 and its 200-day moving average is $37.52. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 22.27 and a beta of 1.17.

Webster Financial Corp. (NYSE:WBS) last released its quarterly earnings results on Friday, October 21st. The financial services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Webster Financial Corp. had a net margin of 19.13% and a return on equity of 8.75%. The company had revenue of $246.60 million for the quarter, compared to analyst estimates of $178.53 million. During the same period last year, the firm earned $0.54 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts forecast that Webster Financial Corp. will post $2.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 8th will be paid a $0.245 dividend. The ex-dividend date is Friday, November 4th. This represents a $0.98 annualized dividend and a dividend yield of 2.09%. Webster Financial Corp.’s payout ratio is 46.95%.

In other news, President John R. Ciulla sold 8,496 shares of Webster Financial Corp. stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $40.58, for a total value of $344,767.68. Following the completion of the transaction, the president now owns 53,182 shares in the company, valued at $2,158,125.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Joseph Crawford sold 800 shares of Webster Financial Corp. stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $40.42, for a total transaction of $32,336.00. The disclosure for this sale can be found here. 2.59% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Mesirow Financial Investment Management Equity Management acquired a new position in Webster Financial Corp. during the second quarter valued at $16,208,000. State Treasurer State of Michigan increased its position in Webster Financial Corp. by 0.8% in the second quarter. State Treasurer State of Michigan now owns 36,750 shares of the financial services provider’s stock valued at $1,248,000 after buying an additional 300 shares during the last quarter. Northpointe Capital LLC increased its position in Webster Financial Corp. by 1.1% in the second quarter. Northpointe Capital LLC now owns 216,438 shares of the financial services provider’s stock valued at $7,348,000 after buying an additional 2,404 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in Webster Financial Corp. during the second quarter valued at $23,154,000. Finally, Geode Capital Management LLC increased its position in Webster Financial Corp. by 1.5% in the first quarter. Geode Capital Management LLC now owns 624,632 shares of the financial services provider’s stock valued at $22,424,000 after buying an additional 9,467 shares during the last quarter. Hedge funds and other institutional investors own 93.82% 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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