Webster Financial Corporation (WBS) Given News Impact Rating of 0.21
Headlines about Webster Financial Corporation (NYSE:WBS) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Webster Financial Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 47.1829096498935 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- Wells Fargo & Co Increases Webster Financial Corporation (WBS) Price Target to $55.00 (americanbankingnews.com)
- Barclays PLC Analysts Give Webster Financial Corporation (WBS) a $55.00 Price Target (americanbankingnews.com)
- Webster Financial Q3 Profit Climbs, Tops Estimates – Quick Facts (rttnews.com)
- WEBSTER FINANCIAL CORPORATION (NYSE:WBS) Files An 8-K Results of Operations and Financial Condition (4-traders.com)
- Webster Financial’s (WBS) CEO Jim Smith on Q3 2017 Results – Earnings Call Transcript (msn.com)
A number of equities research analysts have weighed in on WBS shares. Wedbush reiterated an “outperform” rating and issued a $60.00 target price on shares of Webster Financial Corporation in a report on Tuesday, June 27th. BidaskClub downgraded Webster Financial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Webster Financial Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Saturday, July 8th. Piper Jaffray Companies reiterated a “sell” rating and issued a $46.00 target price on shares of Webster Financial Corporation in a report on Friday, July 14th. Finally, ValuEngine upgraded Webster Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Webster Financial Corporation currently has a consensus rating of “Hold” and a consensus price target of $53.56.
Shares of Webster Financial Corporation (NYSE WBS) opened at 55.27 on Friday. The firm has a 50-day moving average price of $50.60 and a 200-day moving average price of $50.55. Webster Financial Corporation has a 52 week low of $39.49 and a 52 week high of $57.50. The firm has a market cap of $5.09 billion, a PE ratio of 23.03 and a beta of 1.26.
Webster Financial Corporation (NYSE:WBS) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. Webster Financial Corporation had a return on equity of 9.89% and a net margin of 21.09%. The firm had revenue of $266.75 million during the quarter, compared to analyst estimates of $269.03 million. During the same quarter in the prior year, the company earned $0.54 EPS. On average, equities research analysts predict that Webster Financial Corporation will post $2.56 earnings per share for the current year.
In other news, EVP Daniel Bley sold 8,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $51.20, for a total value of $409,600.00. Following the completion of the transaction, the executive vice president now owns 25,657 shares of the company’s stock, valued at approximately $1,313,638.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nitin J. Mhatre sold 31,940 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $51.34, for a total value of $1,639,799.60. Following the completion of the transaction, the executive vice president now directly owns 23,120 shares of the company’s stock, valued at approximately $1,186,980.80. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
About Webster Financial Corporation
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.
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