Webster Financial Corporation (NYSE:WBS) has been given a consensus rating of “Hold” by the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $47.93.

WBS has been the subject of a number of research reports. BidaskClub upgraded shares of Webster Financial Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Jefferies Group LLC set a $53.00 target price on shares of Webster Financial Corporation and gave the stock a “hold” rating in a research note on Saturday, May 6th. Barclays PLC raised their target price on shares of Webster Financial Corporation from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $58.00 price objective on shares of Webster Financial Corporation in a research note on Friday, April 21st. Finally, Zacks Investment Research cut shares of Webster Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, April 7th.

In related news, EVP Daniel Bley sold 5,000 shares of Webster Financial Corporation stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $53.31, for a total transaction of $266,550.00. Following the sale, the executive vice president now directly owns 33,657 shares of the company’s stock, valued at approximately $1,794,254.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dawn C. Morris sold 900 shares of the business’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 sale, the executive vice president now directly owns 4,749 shares in the company, valued at $247,042.98. The disclosure for this sale can be found here. Insiders have sold a total of 26,214 shares of company stock worth $1,364,548 over the last ninety days. 2.20% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Webster Financial Corporation by 14,031.4% in the first quarter. BlackRock Inc. now owns 10,092,772 shares of the financial services provider’s stock worth $505,043,000 after buying an additional 10,021,351 shares during the last quarter. Norges Bank acquired a new stake in Webster Financial Corporation during the fourth quarter worth $37,949,000. State Street Corp raised its stake in Webster Financial Corporation by 12.5% in the first quarter. State Street Corp now owns 5,006,188 shares of the financial services provider’s stock worth $250,503,000 after buying an additional 556,988 shares during the last quarter. Vanguard Group Inc. raised its stake in Webster Financial Corporation by 5.5% in the first quarter. Vanguard Group Inc. now owns 7,564,362 shares of the financial services provider’s stock worth $378,521,000 after buying an additional 395,457 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in Webster Financial Corporation during the fourth quarter worth approximately $16,485,000. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Webster Financial Corporation (WBS) traded down 0.23% on Friday, hitting $52.76. The company had a trading volume of 364,907 shares. Webster Financial Corporation has a 12-month low of $31.29 and a 12-month high of $57.50. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 23.04 and a beta of 1.27. The company has a 50 day moving average of $50.81 and a 200-day moving average of $52.21.

Webster Financial Corporation (NYSE:WBS) last announced its quarterly earnings data on Friday, April 21st. The financial services provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $255.70 million during the quarter, compared to the consensus estimate of $254.48 million. During the same quarter last year, the firm posted $0.49 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that Webster Financial Corporation will post $2.47 earnings per share for the current year.

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

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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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