Webster Financial Corporation (NYSE:WBS) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday, July 5th.

A number of other research analysts have also recently commented on WBS. Zacks Investment Research cut shares of Webster Financial Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, March 8th. Keefe, Bruyette & Woods restated a “buy” rating and set a $55.00 price target on shares of Webster Financial Corporation in a research note on Monday, April 10th. Barclays PLC raised their price target 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. Jefferies Group LLC set a $53.00 price target on shares of Webster Financial Corporation and gave the stock a “hold” rating in a research note on Saturday, May 6th. Finally, Wedbush restated an “outperform” rating and set a $60.00 price target on shares of Webster Financial Corporation in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.00.

Shares of Webster Financial Corporation (NYSE WBS) traded up 0.95% during mid-day trading on Wednesday, reaching $51.01. The company’s stock had a trading volume of 272,579 shares. Webster Financial Corporation has a 12 month low of $35.75 and a 12 month high of $57.50. The company has a 50 day moving average price of $52.56 and a 200 day moving average price of $51.97. The stock has a market capitalization of $4.70 billion, a P/E ratio of 21.25 and a beta of 1.25.

Webster Financial Corporation (NYSE:WBS) last released its earnings results on Friday, July 21st. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. Webster Financial Corporation had a return on equity of 9.49% and a net margin of 20.43%. The business had revenue of $262.50 million for the quarter, compared to the consensus estimate of $260.91 million. During the same period last year, the business earned $0.53 earnings per share. On average, equities research analysts anticipate that Webster Financial Corporation will post $2.55 earnings per share for the current fiscal year.

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In other Webster Financial Corporation news, EVP Dawn C. Morris sold 900 shares of Webster Financial Corporation stock in a transaction on Monday, May 8th. The shares were 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 of the company’s stock, valued at approximately $247,042.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nitin J. Mhatre sold 31,940 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $51.34, for a total transaction of $1,639,799.60. Following the completion of the transaction, the executive vice president now directly owns 23,120 shares of the company’s stock, valued at approximately $1,186,980.80. The disclosure for this sale can be found here. Insiders have sold a total of 40,840 shares of company stock valued at $2,096,218 in the last ninety days. Company insiders own 2.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in WBS. Patriot Financial Group Insurance Agency LLC raised its position in shares of Webster Financial Corporation by 18.6% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,185 shares of the financial services provider’s stock valued at $155,000 after buying an additional 500 shares during the period. Flinton Capital Management LLC raised its position in shares of Webster Financial Corporation by 20.9% in the first quarter. Flinton Capital Management LLC now owns 3,152 shares of the financial services provider’s stock valued at $158,000 after buying an additional 544 shares during the period. Sky Investment Group LLC purchased a new position in shares of Webster Financial Corporation during the second quarter valued at about $200,000. BB&T Securities LLC bought a new stake in Webster Financial Corporation during the second quarter valued at approximately $212,000. Finally, HighTower Advisors LLC bought a new stake in Webster Financial Corporation during the first quarter valued at approximately $215,000. 96.82% of the stock is owned by 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.

Analyst Recommendations for Webster Financial Corporation (NYSE:WBS)

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