Webster Financial Corporation (NYSE:WBS) Receives $74.07 Average Target Price from Brokerages
by Doug Wharley · The Cerbat GemWebster Financial Corporation (NYSE:WBS – Get Free Report) has been given a consensus recommendation of “Hold” by the sixteen research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $74.0714.
A number of brokerages have issued reports on WBS. Jefferies Financial Group set a $75.00 price target on Webster Financial in a research note on Wednesday, February 4th. Morgan Stanley cut their price target on Webster Financial from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. JPMorgan Chase & Co. increased their price target on Webster Financial from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Barclays set a $75.00 price target on Webster Financial in a research note on Wednesday, February 4th. Finally, Santander lowered Webster Financial from a “neutral” rating to an “underweight” rating in a research note on Tuesday, March 3rd.
View Our Latest Stock Report on Webster Financial
Webster Financial Price Performance
NYSE WBS opened at $72.02 on Thursday. The business’s fifty day moving average price is $70.52 and its 200-day moving average price is $64.19. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 12.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86. Webster Financial has a 1-year low of $42.11 and a 1-year high of $74.00.
Webster Financial (NYSE:WBS – Get Free Report) last posted its quarterly earnings data on Friday, January 23rd. The financial services provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.52 by $0.07. The firm had revenue of $760.48 million during the quarter, compared to analyst estimates of $731.95 million. Webster Financial had a return on equity of 11.10% and a net margin of 22.67%.During the same period in the prior year, the business posted $1.43 EPS. On average, equities analysts predict that Webster Financial will post 5.88 earnings per share for the current year.
Webster Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Monday, February 9th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, February 9th. Webster Financial’s dividend payout ratio is 27.07%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in WBS. BOKF NA bought a new position in shares of Webster Financial in the 3rd quarter valued at about $26,000. Flagship Harbor Advisors LLC bought a new stake in Webster Financial in the fourth quarter worth about $28,000. Root Financial Partners LLC bought a new stake in Webster Financial in the third quarter worth about $29,000. Caitong International Asset Management Co. Ltd bought a new stake in Webster Financial in the third quarter worth about $29,000. Finally, Atlas Capital Advisors Inc. bought a new stake in Webster Financial in the fourth quarter worth about $31,000. Institutional investors own 85.58% of the company’s stock.
Webster Financial Company Profile
Webster Financial Corporation is a bank holding company headquartered in Waterbury, Connecticut. Through its principal subsidiary, Webster Bank, N.A., the company offers a broad range of banking products and financial services to individuals, small businesses, and middle-market commercial clients. Key offerings include deposit accounts, residential and commercial real estate lending, equipment finance, treasury management, and payment processing solutions.
In addition to traditional banking services, Webster Financial provides wealth management and insurance products designed to help clients plan for retirement, preserve assets, and manage risk.