Webster Financial Corporation (NYSE:WBS) Receives $74.36 Average Price Target from Analysts

Webster Financial Corporation (NYSE:WBS) has earned a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $74.3571.

Several analysts recently commented on WBS shares. Royal Bank Of Canada lowered Webster Financial from a “moderate buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a report on Wednesday, February 4th. Truist Financial downgraded Webster Financial from a “buy” rating to a “hold” rating and set a $74.00 target price on the stock. in a research note on Wednesday, February 4th. Jefferies Financial Group set a $75.00 price target on Webster Financial in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Webster Financial in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Webster Financial from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, January 26th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Compound Planning Inc. boosted its position in Webster Financial by 13.5% during the fourth quarter. Compound Planning Inc. now owns 5,056 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 600 shares in the last quarter. Invesco Ltd. raised its stake in shares of Webster Financial by 2.9% during the 4th quarter. Invesco Ltd. now owns 5,516,110 shares of the financial services provider’s stock worth $347,184,000 after buying an additional 156,636 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Webster Financial by 8.5% during the 4th quarter. Corient Private Wealth LLC now owns 12,056 shares of the financial services provider’s stock worth $760,000 after buying an additional 947 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Webster Financial in the 4th quarter worth about $599,000. Finally, NewEdge Advisors LLC grew its stake in Webster Financial by 8.2% in the 4th quarter. NewEdge Advisors LLC now owns 14,600 shares of the financial services provider’s stock valued at $919,000 after acquiring an additional 1,110 shares during the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

Webster Financial Price Performance

Webster Financial stock opened at $73.08 on Wednesday. The company has a fifty day simple moving average of $66.65 and a 200-day simple moving average of $61.75. The stock has a market cap of $11.79 billion, a P/E ratio of 12.36 and a beta of 1.07. Webster Financial has a 12-month low of $39.43 and a 12-month high of $73.87. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40.

Webster Financial (NYSE:WBS) last announced its quarterly earnings results 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. Webster Financial had a net margin of 22.67% and a return on equity of 11.10%. The firm had revenue of $760.48 million for the quarter, compared to analyst estimates of $731.95 million. During the same period last year, the business earned $1.43 EPS. Equities analysts expect that Webster Financial will post 5.88 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Monday, February 9th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis 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%.

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.