Analysts Set Expectations for Webster Financial Co.’s Q4 2024 Earnings (NYSE:WBS)

Webster Financial Co. (NYSE:WBS) – Equities research analysts at Seaport Res Ptn decreased their Q4 2024 earnings per share (EPS) estimates for Webster Financial in a note issued to investors on Wednesday, April 24th. Seaport Res Ptn analyst L. Hunsicker now anticipates that the financial services provider will post earnings of $1.47 per share for the quarter, down from their previous forecast of $1.60. The consensus estimate for Webster Financial’s current full-year earnings is $5.76 per share. Seaport Res Ptn also issued estimates for Webster Financial’s Q1 2025 earnings at $1.51 EPS and Q2 2025 earnings at $1.54 EPS.

Other analysts have also issued research reports about the company. Keefe, Bruyette & Woods cut their price target on Webster Financial from $64.00 to $58.00 and set an “outperform” rating for the company in a report on Wednesday. Jefferies Financial Group dropped their price objective on Webster Financial from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Citigroup dropped their price objective on Webster Financial from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday. Raymond James reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Webster Financial in a research note on Tuesday, March 26th. Finally, Barclays dropped their price objective on Webster Financial from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Webster Financial has a consensus rating of “Moderate Buy” and a consensus price target of $56.23.

Webster Financial Stock Performance

NYSE:WBS opened at $45.54 on Thursday. The stock has a 50-day simple moving average of $47.97 and a two-hundred day simple moving average of $46.50. Webster Financial has a 52-week low of $31.03 and a 52-week high of $53.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.86. The firm has a market capitalization of $7.82 billion, a PE ratio of 9.31, a P/E/G ratio of 0.37 and a beta of 1.33.

Webster Financial (NYSE:WBS) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). Webster Financial had a net margin of 21.09% and a return on equity of 12.55%. The company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $680.72 million. During the same period in the prior year, the firm posted $1.49 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis.

Insider Activity

In other news, insider Christopher J. Motl sold 10,475 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $52.40, for a total transaction of $548,890.00. Following the transaction, the insider now owns 63,306 shares of the company’s stock, valued at $3,317,234.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Daniel Bley sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $47.60, for a total value of $95,200.00. Following the transaction, the insider now owns 27,955 shares of the company’s stock, valued at $1,330,658. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher J. Motl sold 10,475 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $52.40, for a total value of $548,890.00. Following the completion of the transaction, the insider now directly owns 63,306 shares in the company, valued at approximately $3,317,234.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,975 shares of company stock valued at $1,341,095. 0.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Webster Financial by 29.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,114 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 255 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Webster Financial by 1.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,924 shares of the financial services provider’s stock valued at $785,000 after acquiring an additional 263 shares in the last quarter. Spire Wealth Management boosted its position in Webster Financial by 79.1% during the 4th quarter. Spire Wealth Management now owns 607 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 268 shares in the last quarter. Mariner LLC boosted its position in Webster Financial by 2.4% during the 3rd quarter. Mariner LLC now owns 13,812 shares of the financial services provider’s stock valued at $557,000 after acquiring an additional 320 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Webster Financial by 2.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 13,537 shares of the financial services provider’s stock valued at $546,000 after acquiring an additional 332 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

Webster Financial Company Profile

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