Webster Financial Corporation (NYSE:WBS) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $52.29.

A number of equities analysts have recently commented on the stock. Piper Jaffray Companies reissued a “sell” rating and issued a $46.00 price target on shares of Webster Financial Corporation in a research report on Friday, July 14th. Zacks Investment Research lowered shares of Webster Financial Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub raised shares of Webster Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of Webster Financial Corporation in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $53.00 price target on shares of Webster Financial Corporation in a research report on Friday, July 14th.

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In other news, EVP Daniel Bley sold 8,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $51.20, for a total value of $409,600.00. Following the sale, the executive vice president now owns 25,657 shares in the company, valued at approximately $1,313,638.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the executive vice president now owns 23,120 shares in the company, valued at approximately $1,186,980.80. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Great West Life Assurance Co. Can lifted its position in Webster Financial Corporation by 4.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 54,574 shares of the financial services provider’s stock worth $2,727,000 after buying an additional 2,521 shares in the last quarter. US Bancorp DE lifted its position in Webster Financial Corporation by 8.0% during the 1st quarter. US Bancorp DE now owns 4,551 shares of the financial services provider’s stock worth $229,000 after buying an additional 339 shares in the last quarter. Suntrust Banks Inc. lifted its position in Webster Financial Corporation by 2.8% during the 1st quarter. Suntrust Banks Inc. now owns 14,583 shares of the financial services provider’s stock worth $729,000 after buying an additional 403 shares in the last quarter. Swiss National Bank lifted its position in Webster Financial Corporation by 0.5% during the 1st quarter. Swiss National Bank now owns 151,500 shares of the financial services provider’s stock worth $7,581,000 after buying an additional 800 shares in the last quarter. Finally, World Asset Management Inc lifted its position in Webster Financial Corporation by 2.3% during the 1st quarter. World Asset Management Inc now owns 5,701 shares of the financial services provider’s stock worth $285,000 after buying an additional 127 shares in the last quarter. Institutional investors own 93.67% of the company’s stock.

Shares of Webster Financial Corporation (NYSE:WBS) traded up 2.18% during trading on Friday, reaching $50.23. 640,515 shares of the company traded hands. Webster Financial Corporation has a 12 month low of $36.96 and a 12 month high of $57.50. The firm has a market capitalization of $4.62 billion, a PE ratio of 20.93 and a beta of 1.27. The firm has a 50-day moving average price of $47.96 and a 200-day moving average price of $50.49.

Webster Financial Corporation (NYSE:WBS) last posted its earnings results on Friday, July 21st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. The firm had revenue of $262.50 million during the quarter, compared to analysts’ expectations of $260.91 million. Webster Financial Corporation had a net margin of 20.43% and a return on equity of 9.49%. During the same period in the previous year, the company earned $0.53 earnings per share. Equities research analysts anticipate that Webster Financial Corporation will post $2.55 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.07%. Webster Financial Corporation’s dividend payout ratio is currently 43.33%.

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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