Analysts forecast that Webster Financial Co. (NYSE:WBS) will report sales of $272.01 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Webster Financial’s earnings. The lowest sales estimate is $269.11 million and the highest is $275.89 million. Webster Financial reported sales of $255.88 million in the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The company is expected to issue its next quarterly earnings report on Thursday, January 18th.

According to Zacks, analysts expect that Webster Financial will report full-year sales of $272.01 million for the current fiscal year, with estimates ranging from $1.05 billion to $1.07 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.14 billion per share, with estimates ranging from $1.12 billion to $1.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Webster Financial.

Webster Financial (NYSE:WBS) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $266.75 million for the quarter, compared to analyst estimates of $269.03 million. Webster Financial had a return on equity of 9.89% and a net margin of 21.09%. During the same period in the prior year, the company earned $0.54 earnings per share.

WBS has been the topic of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $63.00 target price on shares of Webster Financial in a report on Friday, October 20th. Deutsche Bank raised their target price on Webster Financial from $51.00 to $53.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Boenning Scattergood reaffirmed a “hold” rating on shares of Webster Financial in a report on Friday, October 20th. Wells Fargo & Company raised their target price on Webster Financial from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Finally, ValuEngine lowered Webster Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Webster Financial currently has an average rating of “Hold” and an average target price of $55.22.

In other news, EVP Daniel Bley sold 1,486 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $54.74, for a total value of $81,343.64. Following the transaction, the executive vice president now owns 25,547 shares in the company, valued at $1,398,442.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Karen R. Osar sold 12,923 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $54.70, for a total value of $706,888.10. Following the completion of the transaction, the director now owns 36,984 shares in the company, valued at approximately $2,023,024.80. The disclosure for this sale can be found here. Insiders have sold 36,107 shares of company stock worth $1,988,452 in the last quarter. 2.20% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of Webster Financial in the third quarter valued at approximately $202,000. Sterling Capital Management LLC lifted its position in Webster Financial by 0.6% during the third quarter. Sterling Capital Management LLC now owns 551,847 shares of the financial services provider’s stock worth $29,000,000 after buying an additional 3,280 shares in the last quarter. California Public Employees Retirement System lifted its position in Webster Financial by 1.5% during the third quarter. California Public Employees Retirement System now owns 198,074 shares of the financial services provider’s stock worth $10,409,000 after buying an additional 2,921 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Webster Financial during the third quarter worth approximately $54,672,000. Finally, Grandeur Peak Global Advisors LLC purchased a new position in Webster Financial during the third quarter worth approximately $684,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Webster Financial (WBS) traded down $0.28 during trading on Wednesday, reaching $56.74. The company had a trading volume of 341,771 shares, compared to its average volume of 379,837. The firm has a market capitalization of $5,255.63, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.75 and a beta of 1.23. Webster Financial has a 12-month low of $44.04 and a 12-month high of $59.25. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were given a dividend of $0.26 per share. The ex-dividend date was Monday, November 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.83%. Webster Financial’s dividend payout ratio is currently 41.11%.

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Webster Financial 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.

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

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