Webster Financial (WBS) Scheduled to Post Earnings on Tuesday

Webster Financial (NYSE:WBSGet Free Report) will 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Webster Financial (NYSE:WBSGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.02). Webster Financial had a net margin of 22.01% and a return on equity of 13.05%. The company had revenue of $996.96 million for the quarter, compared to the consensus estimate of $674.82 million. During the same period last 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 Trading Up 2.5 %

Webster Financial stock opened at $46.39 on Friday. Webster Financial has a 12 month low of $31.03 and a 12 month high of $53.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $48.00 and its two-hundred day simple moving average is $46.35. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 0.36 and a beta of 1.33.

Webster Financial Announces Dividend

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

Insiders Place Their Bets

In other news, insider Daniel Bley sold 2,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 27,955 shares in the company, valued at approximately $1,330,658. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Daniel Bley sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $47.60, for a total transaction of $95,200.00. Following the completion of the transaction, the insider now directly owns 27,955 shares in the company, valued at approximately $1,330,658. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Luis Massiani sold 13,500 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $51.63, for a total transaction of $697,005.00. Following the completion of the sale, the chief operating officer now directly owns 89,621 shares of the company’s stock, valued at $4,627,132.23. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,941 shares of company stock worth $1,545,582. Company insiders own 0.88% of the company’s stock.

Hedge Funds Weigh In On Webster Financial

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

Analyst Ratings Changes

Several research analysts have recently issued reports on WBS shares. Citigroup dropped their target price on shares of Webster Financial from $61.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Barclays began coverage on Webster Financial in a report on Friday, March 8th. They issued an “overweight” rating and a $70.00 target price for the company. Morgan Stanley upped their price target on Webster Financial from $51.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $64.00 price objective on shares of Webster Financial in a report on Tuesday, March 26th. Finally, Royal Bank of Canada lowered their target price on shares of Webster Financial from $59.00 to $57.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $57.85.

Get Our Latest Stock Report 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.

Featured Stories

Earnings History for Webster Financial (NYSE:WBS)

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