Webster Financial (WBS) to Release Quarterly Earnings on Tuesday

Webster Financial (NYSE:WBSGet Free Report) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.40 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Webster Financial (NYSE:WBSGet Free Report) last posted its earnings results on Tuesday, January 23rd. The financial services provider reported $1.46 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.02). Webster Financial had a return on equity of 13.05% and a net margin of 22.01%. The firm had revenue of $996.96 million for the quarter, compared to the consensus estimate of $674.82 million. During the same period in the prior year, the business earned $1.60 EPS. On average, analysts expect Webster Financial to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Webster Financial Price Performance

Webster Financial stock opened at $46.39 on Monday. Webster Financial has a 52 week low of $31.03 and a 52 week high of $53.39. The company’s 50 day moving average price is $48.00 and its two-hundred day moving average price is $46.40. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.97 billion, a P/E ratio of 9.49, a P/E/G ratio of 0.37 and a beta of 1.33.

Webster Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Monday, February 5th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 2nd. This represents a $1.60 annualized dividend and a dividend yield of 3.45%. Webster Financial’s dividend payout ratio is currently 32.72%.

Insider Activity at Webster Financial

In related news, insider Charles L. Wilkins sold 3,966 shares of Webster Financial stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $51.56, for a total value of $204,486.96. Following the completion of the transaction, the insider now directly owns 49,528 shares in the company, valued at approximately $2,553,663.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Christopher J. Motl sold 10,475 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $52.40, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles L. Wilkins sold 3,966 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $51.56, for a total transaction of $204,486.96. Following the transaction, the insider now owns 49,528 shares of the company’s stock, valued at $2,553,663.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,941 shares of company stock worth $1,545,582. Corporate insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Webster Financial by 4.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,110 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 200 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Webster Financial by 1.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 21,702 shares of the financial services provider’s stock worth $875,000 after acquiring an additional 300 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Webster Financial by 7.6% during the 1st quarter. Blair William & Co. IL now owns 4,298 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 303 shares during the last quarter. Toroso Investments LLC lifted its holdings in shares of Webster Financial by 5.5% during the 3rd quarter. Toroso Investments LLC now owns 8,767 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 454 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Webster Financial by 0.6% during the 2nd quarter. Osaic Holdings Inc. now owns 91,478 shares of the financial services provider’s stock worth $3,454,000 after acquiring an additional 507 shares during the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays assumed coverage on shares of Webster Financial in a report on Friday, March 8th. They issued an “overweight” rating and a $70.00 price target on the stock. Morgan Stanley lifted their price target on shares of Webster Financial from $51.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Citigroup lowered their price target on shares of Webster Financial from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Raymond James reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Webster Financial in a report on Tuesday, March 26th. Finally, Royal Bank of Canada lowered their price target on shares of Webster Financial from $59.00 to $57.00 and set an “outperform” rating on the stock in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $57.85.

Get Our Latest Stock Analysis on Webster Financial

Webster Financial Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Webster Financial (NYSE:WBS)

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