Webster Financial (WBS) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Webster Financial (NYSE: WBS):

• 4/24/2024 – Webster Financial had its price target lowered by analysts at Barclays PLC from $70.00 to $65.00. They now have an “overweight” rating on the stock.
• 4/24/2024 – Webster Financial had its price target lowered by analysts at JPMorgan Chase & Co. from $65.00 to $63.00. They now have an “overweight” rating on the stock.
• 4/24/2024 – Webster Financial had its price target lowered by analysts at Royal Bank of Canada from $57.00 to $54.00. They now have an “outperform” rating on the stock.
• 4/24/2024 – Webster Financial had its price target lowered by analysts at Keefe, Bruyette & Woods from $64.00 to $58.00. They now have an “outperform” rating on the stock.
• 4/24/2024 – Webster Financial had its price target lowered by analysts at Citigroup Inc. from $60.00 to $55.00. They now have a “buy” rating on the stock.
• 4/16/2024 – Webster Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 4/9/2024 – Webster Financial had its price target lowered by analysts at Royal Bank of Canada from $59.00 to $57.00. They now have an “outperform” rating on the stock.
• 4/8/2024 – Webster Financial had its price target lowered by analysts at Jefferies Financial Group Inc. from $65.00 to $56.00. They now have a “buy” rating on the stock.
• 4/5/2024 – Webster Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/28/2024 – Webster Financial was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/26/2024 – Webster Financial had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $64.00 price target on the stock.
• 3/26/2024 – Webster Financial had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $60.00 price target on the stock.
• 3/8/2024 – Webster Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/8/2024 – Webster Financial is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $70.00 price target on the stock.

Webster Financial Trading Up 1.5 %

Shares of NYSE WBS opened at $45.54 on Thursday. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 0.38 and a beta of 1.33. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50 day simple moving average of $47.97 and a 200 day simple moving average of $46.50. Webster Financial Co. has a 52 week low of $31.03 and a 52 week high of $53.39.

Webster Financial (NYSE:WBS) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $680.72 million. Webster Financial had a return on equity of 13.05% and a net margin of 22.01%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 EPS. On average, research analysts predict that Webster Financial Co. will post 5.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Webster Financial news, COO Luis Massiani sold 13,500 shares of the company’s 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 owns 89,621 shares of the company’s stock, valued at $4,627,132.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Daniel Bley sold 2,000 shares of the company’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 $1,330,658. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Luis Massiani sold 13,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $51.63, for a total value of $697,005.00. Following the transaction, the chief operating officer now owns 89,621 shares of the company’s stock, valued at $4,627,132.23. The disclosure for this sale can be found here. Insiders sold 25,975 shares of company stock valued at $1,341,095 over the last 90 days. 0.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. AE Wealth Management LLC raised its stake in shares of Webster Financial by 49.9% in the third quarter. AE Wealth Management LLC now owns 11,785 shares of the financial services provider’s stock valued at $475,000 after purchasing an additional 3,924 shares in the last quarter. Benin Management CORP acquired a new position in shares of Webster Financial in the third quarter valued at $207,000. Commonwealth Equity Services LLC raised its stake in shares of Webster Financial by 4.2% in the third quarter. Commonwealth Equity Services LLC now owns 86,977 shares of the financial services provider’s stock valued at $3,506,000 after purchasing an additional 3,505 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Webster Financial by 12.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 7,325 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 792 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Webster Financial by 31.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 24,979 shares of the financial services provider’s stock valued at $1,007,000 after purchasing an additional 5,915 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

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.