Shares of Webster Financial Co. (NYSE:WBS) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $56.25.

A number of brokerages recently weighed in on WBS. Zacks Investment Research upgraded shares of Webster Financial from a “sell” rating to a “hold” rating and set a $49.00 price objective for the company in a report on Friday, July 5th. Boenning Scattergood reiterated a “neutral” rating on shares of Webster Financial in a report on Friday, July 19th. Finally, Morgan Stanley upgraded shares of Webster Financial from an “underweight” rating to an “equal weight” rating and set a $51.00 price objective for the company in a report on Monday, July 1st.

WBS traded up $1.09 on Friday, reaching $49.20. 185,331 shares of the company traded hands, compared to its average volume of 503,895. Webster Financial has a one year low of $42.62 and a one year high of $63.85. The firm has a fifty day simple moving average of $46.78 and a two-hundred day simple moving average of $49.61. The company has a market cap of $4.50 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 1.49 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.67.

Webster Financial (NYSE:WBS) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Webster Financial had a net margin of 27.99% and a return on equity of 13.80%. The company had revenue of $317.60 million during the quarter, compared to analyst estimates of $312.36 million. During the same quarter last year, the business posted $0.86 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts forecast that Webster Financial will post 4.11 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 5th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.60 annualized dividend and a dividend yield of 3.25%. Webster Financial’s dividend payout ratio is currently 42.78%.

In other news, EVP Daniel Bley sold 2,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $51.45, for a total value of $102,900.00. Following the completion of the sale, the executive vice president now owns 18,654 shares in the company, valued at approximately $959,748.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Joseph Crawford sold 1,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.28, for a total transaction of $51,280.00. Following the completion of the sale, the director now owns 15,099 shares of the company’s stock, valued at approximately $774,276.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,000 shares of company stock valued at $203,670. Company insiders own 1.53% of the company’s stock.

Several large investors have recently bought and sold shares of WBS. Vaughan Nelson Investment Management L.P. bought a new position in shares of Webster Financial during the 1st quarter worth approximately $42,343,000. Wasatch Advisors Inc. grew its position in Webster Financial by 28.2% during the 2nd quarter. Wasatch Advisors Inc. now owns 2,000,712 shares of the financial services provider’s stock worth $95,574,000 after purchasing an additional 440,471 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in Webster Financial during the 2nd quarter worth approximately $15,391,000. Bayview Asset Management LLC purchased a new stake in Webster Financial during the 2nd quarter worth approximately $14,358,000. Finally, Renaissance Technologies LLC grew its position in Webster Financial by 74.1% during the 2nd quarter. Renaissance Technologies LLC now owns 589,131 shares of the financial services provider’s stock worth $28,143,000 after purchasing an additional 250,800 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Webster Financial Company Profile

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Community Banking.

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Analyst Recommendations for Webster Financial (NYSE:WBS)

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