Wall Street brokerages forecast that Webster Financial Corporation (NYSE:WBS) will post earnings of $0.66 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Webster Financial Corporation’s earnings, with estimates ranging from $0.65 to $0.68. Webster Financial Corporation posted earnings per share of $0.60 in the same quarter last year, which would suggest a positive year over year growth rate of 10%. The firm is scheduled to issue its next earnings results on Thursday, January 18th.

According to Zacks, analysts expect that Webster Financial Corporation will report full-year earnings of $2.60 per share for the current fiscal year, with EPS estimates ranging from $2.59 to $2.63. For the next year, analysts anticipate that the business will post earnings of $2.83 per share, with EPS estimates ranging from $2.75 to $3.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Webster Financial Corporation.

Webster Financial Corporation (NYSE:WBS) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The business had revenue of $266.75 million during the quarter, compared to the consensus estimate of $269.03 million. Webster Financial Corporation had a return on equity of 9.89% and a net margin of 21.09%. During the same period in the previous year, the business earned $0.54 EPS.

A number of brokerages have recently issued reports on WBS. Keefe, Bruyette & Woods reissued a “buy” rating and set a $63.00 target price on shares of Webster Financial Corporation in a research note on Friday, October 20th. Barclays PLC set a $55.00 price target on Webster Financial Corporation and gave the stock a “hold” rating in a report on Friday, October 20th. Wells Fargo & Company upped their price target on Webster Financial Corporation from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Boenning Scattergood restated a “hold” rating on shares of Webster Financial Corporation in a report on Friday, October 20th. Finally, Deutsche Bank AG upped their price target on Webster Financial Corporation from $51.00 to $53.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $55.22.

In related news, Director Karen R. Osar sold 12,923 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $54.70, for a total value of $706,888.10. Following the transaction, the director now directly owns 36,984 shares of the company’s stock, valued at approximately $2,023,024.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel Bley sold 1,239 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $55.38, for a total value of $68,615.82. Following the completion of the transaction, the executive vice president now directly owns 22,721 shares in the company, valued at $1,258,288.98. The disclosure for this sale can be found here. Insiders sold a total of 36,107 shares of company stock worth $1,988,452 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of WBS. World Asset Management Inc raised its position in Webster Financial Corporation by 2.2% in the second quarter. World Asset Management Inc now owns 5,827 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 126 shares during the period. Teacher Retirement System of Texas raised its position in Webster Financial Corporation by 2.5% in the second quarter. Teacher Retirement System of Texas now owns 7,391 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 181 shares during the period. PNC Financial Services Group Inc. raised its position in Webster Financial Corporation by 4.0% in the second quarter. PNC Financial Services Group Inc. now owns 5,048 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 195 shares during the period. Bank of Montreal Can raised its position in Webster Financial Corporation by 3.4% in the second quarter. Bank of Montreal Can now owns 6,047 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 200 shares during the period. Finally, Hartford Financial Management Inc. raised its position in Webster Financial Corporation by 0.6% in the second quarter. Hartford Financial Management Inc. now owns 38,340 shares of the financial services provider’s stock valued at $2,002,000 after purchasing an additional 220 shares during the period. 93.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of Webster Financial Corporation (NYSE:WBS) opened at $52.89 on Thursday. The company has a market capitalization of $4,865.23, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 2.54 and a beta of 1.23. Webster Financial Corporation has a one year low of $44.04 and a one year high of $57.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.81 and a current ratio of 0.81.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Monday, November 6th. Webster Financial Corporation’s dividend payout ratio (DPR) is currently 41.11%.

TRADEMARK VIOLATION NOTICE: This report was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2017/11/16/webster-financial-corporation-wbs-expected-to-announce-earnings-of-0-66-per-share.html.

Webster Financial Corporation Company Profile

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.

Get a free copy of the Zacks research report on Webster Financial Corporation (WBS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Webster Financial Corporation (NYSE:WBS)

Receive News & Stock Ratings for Webster Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Webster Financial Corporation and related stocks with our FREE daily email newsletter.