Shares of Webster Financial Co. (NYSE:WBS) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $62.80.

WBS has been the topic of several research reports. Zacks Investment Research upgraded Webster Financial from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Tuesday, March 12th. Boenning Scattergood restated a “hold” rating on shares of Webster Financial in a research note on Thursday, January 24th. ValuEngine upgraded Webster Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Finally, Barclays lowered their price objective on Webster Financial from $68.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th.

WBS traded up $1.64 on Tuesday, hitting $53.24. 612,800 shares of the stock traded hands, compared to its average volume of 539,386. Webster Financial has a 52 week low of $45.38 and a 52 week high of $69.63. The company has a quick ratio of 0.83, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.56 and a beta of 1.19.

Webster Financial (NYSE:WBS) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.05. Webster Financial had a return on equity of 13.77% and a net margin of 27.57%. The firm had revenue of $310.20 million for the quarter, compared to analyst estimates of $310.46 million. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts expect that Webster Financial will post 4.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be paid a $0.40 dividend. This is a positive change from Webster Financial’s previous quarterly dividend of $0.33. This represents a $1.60 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, May 3rd. Webster Financial’s dividend payout ratio is currently 35.29%.

In other news, Director James Copenhaver Smith sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $55.06, for a total value of $3,028,300.00. Following the sale, the director now directly owns 310,984 shares in the company, valued at approximately $17,122,779.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Joseph Crawford sold 1,207 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $55.85, for a total value of $67,410.95. Following the completion of the sale, the director now owns 18,008 shares in the company, valued at $1,005,746.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,066 shares of company stock worth $5,569,345. Corporate insiders own 1.53% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brinker Capital Inc. boosted its holdings in shares of Webster Financial by 14.3% in the 1st quarter. Brinker Capital Inc. now owns 24,231 shares of the financial services provider’s stock worth $1,228,000 after acquiring an additional 3,026 shares in the last quarter. Pennsylvania Trust Co boosted its holdings in shares of Webster Financial by 585.4% in the 1st quarter. Pennsylvania Trust Co now owns 92,558 shares of the financial services provider’s stock worth $24,415,000 after acquiring an additional 79,053 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Webster Financial in the 1st quarter worth approximately $248,000. Retirement Systems of Alabama boosted its holdings in shares of Webster Financial by 0.5% in the 1st quarter. Retirement Systems of Alabama now owns 120,136 shares of the financial services provider’s stock worth $6,087,000 after acquiring an additional 546 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Webster Financial by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the financial services provider’s stock worth $1,252,000 after acquiring an additional 200 shares in the last quarter. 91.38% of the stock is currently owned by institutional investors and hedge funds.

About Webster Financial

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Community Banking.

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Analyst Recommendations for Webster Financial (NYSE:WBS)

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