BidaskClub upgraded shares of Webster Financial Corporation (NYSE:WBS) from a sell rating to a hold rating in a research note published on Wednesday morning.

Several other equities research analysts have also recently commented on the company. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $58.00 price target on shares of Webster Financial Corporation in a report on Friday, April 21st. Zacks Investment Research raised Webster Financial Corporation from a hold rating to a buy rating and set a $56.00 target price for the company in a research note on Thursday, April 6th. Barclays PLC raised their target price on 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. Wedbush reissued an outperform rating and set a $60.00 target price on shares of Webster Financial Corporation in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC set a $53.00 target price on Webster Financial Corporation and gave the stock a hold rating in a research note on Saturday, May 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $52.31.

Shares of Webster Financial Corporation (NYSE WBS) opened at 54.07 on Wednesday. The company has a market cap of $4.99 billion, a P/E ratio of 23.61 and a beta of 1.26. The firm has a 50-day moving average price of $50.70 and a 200-day moving average price of $52.16. Webster Financial Corporation has a 1-year low of $33.78 and a 1-year high of $57.50.

Webster Financial Corporation (NYSE:WBS) last posted its quarterly earnings results on Friday, April 21st. The financial services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. Webster Financial Corporation had a return on equity of 9.16% and a net margin of 19.88%. The firm had revenue of $255.70 million during the quarter, compared to analysts’ expectations of $254.48 million. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts expect that Webster Financial Corporation will post $2.48 EPS for the current year.

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In other news, EVP Dawn C. Morris sold 900 shares of Webster Financial Corporation stock in a transaction on Monday, May 8th. The stock was sold at an average price of $52.02, for a total value of $46,818.00. Following the completion of the sale, the executive vice president now directly owns 4,749 shares of the company’s stock, valued at $247,042.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Joseph Crawford sold 5,063 shares of Webster Financial Corporation stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $51.30, for a total value of $259,731.90. 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. Insiders own 2.20% of the company’s stock.

Several large investors have recently modified their holdings of the stock. TD Asset Management Inc. boosted its stake in shares of Webster Financial Corporation by 177.3% in the first quarter. TD Asset Management Inc. now owns 60,371 shares of the financial services provider’s stock worth $3,021,000 after buying an additional 38,600 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Webster Financial Corporation by 0.3% in the first quarter. Retirement Systems of Alabama now owns 118,793 shares of the financial services provider’s stock worth $5,944,000 after buying an additional 342 shares during the last quarter. FMR LLC boosted its stake in shares of 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. Stifel Financial Corp boosted its stake in shares of Webster Financial Corporation by 14.9% in the first quarter. Stifel Financial Corp now owns 82,507 shares of the financial services provider’s stock worth $4,128,000 after buying an additional 10,673 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Webster Financial Corporation by 3.2% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 41,814 shares of the financial services provider’s stock worth $2,093,000 after buying an additional 1,283 shares during the last quarter. 97.97% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Webster Financial Corporation (NYSE:WBS)

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