Webster Financial Co. (NYSE:WBS) – Analysts at Jefferies Group boosted their FY2018 earnings per share estimates for shares of Webster Financial in a research note issued on Monday. Jefferies Group analyst C. Haire now anticipates that the financial services provider will post earnings of $3.11 per share for the year, up from their prior estimate of $2.75. Jefferies Group also issued estimates for Webster Financial’s FY2019 earnings at $3.48 EPS.

Webster Financial (NYSE:WBS) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. The firm had revenue of $266.75 million during the quarter, compared to the consensus estimate of $269.03 million. Webster Financial had a return on equity of 9.89% and a net margin of 21.09%. During the same period in the prior year, the business posted $0.54 earnings per share.

Other analysts also recently issued reports about the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $63.00 price objective on shares of Webster Financial in a research note on Friday, October 20th. Zacks Investment Research raised Webster Financial from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, December 20th. ValuEngine downgraded Webster Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Deutsche Bank increased their price objective on Webster Financial from $51.00 to $53.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Webster Financial in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Webster Financial has an average rating of “Hold” and a consensus target price of $58.67.

Shares of Webster Financial (NYSE:WBS) traded up $0.39 during trading on Wednesday, hitting $57.62. The stock had a trading volume of 554,100 shares, compared to its average volume of 496,967. The stock has a market capitalization of $5,360.00, a P/E ratio of 22.69, a PEG ratio of 2.43 and a beta of 1.22. Webster Financial has a 12-month low of $44.04 and a 12-month high of $59.25. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.69.

Several institutional investors and hedge funds have recently modified their holdings of WBS. Seven Eight Capital LP bought a new position in Webster Financial during the second quarter valued at $141,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Webster Financial by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 274 shares during the period. GSA Capital Partners LLP bought a new position in Webster Financial during the third quarter valued at $202,000. Advisor Group Inc. grew its holdings in Webster Financial by 13.3% during the second quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 474 shares during the period. Finally, Flinton Capital Management LLC grew its holdings in Webster Financial by 42.1% during the second quarter. Flinton Capital Management LLC now owns 4,480 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 1,328 shares during the period. 86.77% of the stock is owned by institutional investors.

In related news, EVP Daniel Bley sold 1,486 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $54.74, for a total transaction of $81,343.64. Following the completion of the sale, the executive vice president now directly owns 25,547 shares of the company’s stock, valued at $1,398,442.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karen R. Osar sold 12,923 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $54.70, for a total value of $706,888.10. Following the sale, the director now directly owns 36,984 shares of the company’s stock, valued at $2,023,024.80. The disclosure for this sale can be found here. Insiders have sold 36,107 shares of company stock valued at $1,988,452 over the last ninety days. 2.20% of the stock is currently owned by company insiders.

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About Webster Financial

Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.

Earnings History and Estimates for Webster Financial (NYSE:WBS)

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