Webster Financial Corp. (NYSE:WBS) has been given an average recommendation of “Hold” by the twelve analysts that are presently covering the firm. One 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. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $38.31.

A number of research analysts have recently weighed in on WBS shares. Zacks Investment Research raised Webster Financial Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. Deutsche Bank AG increased their price target on Webster Financial Corp. from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Piper Jaffray Cos. downgraded Webster Financial Corp. from a “neutral” rating to an “underweight” rating and set a $37.50 price target on the stock. in a research note on Wednesday. FBR & Co increased their price target on Webster Financial Corp. from $36.00 to $38.00 and gave the company a “mkt perform” rating in a research note on Monday, October 24th. Finally, Barclays PLC downgraded 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 note on Friday, August 5th.

Shares of Webster Financial Corp. (NYSE:WBS) opened at 47.04 on Wednesday. The firm has a market cap of $4.31 billion, a PE ratio of 22.29 and a beta of 1.17. The company’s 50-day moving average price is $40.38 and its 200-day moving average price is $37.59. Webster Financial Corp. has a 52-week low of $30.09 and a 52-week high of $49.14.

Webster Financial Corp. (NYSE:WBS) last posted its quarterly earnings data on Friday, October 21st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. Webster Financial Corp. had a return on equity of 8.75% and a net margin of 19.13%. The firm had revenue of $246.60 million for the quarter, compared to the consensus estimate of $178.53 million. During the same quarter in the prior year, the business earned $0.54 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts expect that Webster Financial Corp. will post $2.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Tuesday, November 8th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, November 4th. Webster Financial Corp.’s dividend payout ratio (DPR) is presently 46.95%.

In other Webster Financial Corp. news, President John R. Ciulla sold 8,496 shares of the stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $40.58, for a total transaction of $344,767.68. Following the completion of the transaction, the president now owns 53,182 shares in the company, valued at approximately $2,158,125.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph J. Savage sold 2,500 shares of the stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $40.13, for a total value of $100,325.00. Following the transaction, the insider now owns 62,667 shares of the company’s stock, valued at approximately $2,514,826.71. The disclosure for this sale can be found here. Company insiders own 2.59% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in WBS. BlackRock Group LTD boosted its position in Webster Financial Corp. by 26.8% in the first quarter. BlackRock Group LTD now owns 65,694 shares of the financial services provider’s stock worth $2,358,000 after buying an additional 13,874 shares during the period. Geode Capital Management LLC boosted its position in shares of 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. Nuveen Asset Management LLC boosted its position in shares of Webster Financial Corp. by 8.4% in the first quarter. Nuveen Asset Management LLC now owns 242,435 shares of the financial services provider’s stock valued at $8,703,000 after buying an additional 18,843 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Webster Financial Corp. by 7.7% in the first quarter. Envestnet Asset Management Inc. now owns 29,250 shares of the financial services provider’s stock valued at $1,050,000 after buying an additional 2,085 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Webster Financial Corp. by 1.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 144,758 shares of the financial services provider’s stock valued at $5,197,000 after buying an additional 2,107 shares during the last quarter. Hedge funds and other institutional investors own 93.82% of the company’s stock.

Webster Financial Corp. 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.

5 Day Chart for NYSE:WBS

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