Webster Financial Corporation (NYSE:WBS) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday, June 10th.

A number of other research firms have also issued reports on WBS. Zacks Investment Research lowered shares of Webster Financial Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, March 8th. Jefferies Group LLC set a $53.00 price objective on shares of Webster Financial Corporation and gave the stock a “hold” rating in a research note on Saturday, May 6th. Barclays PLC lifted their price target on shares of Webster Financial Corporation from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 25th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $58.00 price target on shares of Webster Financial Corporation in a research note on Friday, April 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Webster Financial Corporation has an average rating of “Hold” and a consensus price target of $48.94.

Analyst Recommendations for Webster Financial Corporation (NYSE:WBS)

Shares of Webster Financial Corporation (WBS) traded down 0.75% during trading on Friday, hitting $52.88. 1,216,599 shares of the stock traded hands. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 23.09 and a beta of 1.27. The company has a 50 day moving average price of $50.81 and a 200 day moving average price of $52.21. Webster Financial Corporation has a 12 month low of $31.29 and a 12 month high of $57.50.

Webster Financial Corporation (NYSE:WBS) last released its quarterly earnings results on Friday, April 21st. The financial services provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Webster Financial Corporation had a net margin of 19.88% and a return on equity of 9.16%. The business had revenue of $255.70 million during the quarter, compared to analyst estimates of $254.48 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts anticipate that Webster Financial Corporation will post $2.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Monday, May 8th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.97%. This is an increase from Webster Financial Corporation’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, May 4th. Webster Financial Corporation’s dividend payout ratio is 45.42%.

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In other news, EVP Dawn C. Morris sold 900 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $52.02, for a total transaction of $46,818.00. Following the completion of the sale, the executive vice president now owns 4,749 shares in the company, valued at $247,042.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laurence C. Morse sold 4,971 shares of the company’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $51.88, for a total value of $257,895.48. Following the sale, the director now owns 28,210 shares of the company’s stock, valued at approximately $1,463,534.80. The disclosure for this sale can be found here. Insiders sold 26,214 shares of company stock valued at $1,364,548 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC raised its position in shares of Webster Financial Corporation by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 15,857 shares of the financial services provider’s stock worth $793,000 after buying an additional 49 shares in the last quarter. FMR LLC raised its stake in Webster Financial Corporation by 0.6% in the fourth quarter. FMR LLC now owns 10,289 shares of the financial services provider’s stock worth $558,000 after buying an additional 65 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Webster Financial Corporation by 0.7% in the first quarter. Janney Montgomery Scott LLC now owns 15,869 shares of the financial services provider’s stock worth $794,000 after buying an additional 112 shares during the last quarter. World Asset Management Inc increased its position in Webster Financial Corporation by 2.3% in the first quarter. World Asset Management Inc now owns 5,701 shares of the financial services provider’s stock valued at $285,000 after buying an additional 127 shares during the period. Finally, Creative Planning increased its position in Webster Financial Corporation by 1.6% in the first quarter. Creative Planning now owns 10,019 shares of the financial services provider’s stock valued at $501,000 after buying an additional 155 shares during the period. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

About Webster Financial Corporation

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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