Wells Fargo & Co reiterated their market perform rating on shares of Webster Financial (NYSE:WBS) in a research note released on Tuesday morning, The Fly reports. They currently have a $60.00 price target on the financial services provider’s stock, up from their previous price target of $55.00.

Several other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods reissued a buy rating and set a $63.00 price target on shares of Webster Financial in a report on Friday, October 20th. Deutsche Bank lifted their price objective on shares of Webster Financial from $51.00 to $53.00 and gave the company a hold rating in a research note on Wednesday, November 8th. Boenning Scattergood restated a hold rating on shares of Webster Financial in a research note on Friday, October 20th. ValuEngine cut shares of Webster Financial from a buy rating to a hold rating in a research note on Tuesday, November 14th. Finally, Barclays set a $55.00 price objective on shares of Webster Financial and gave the company a hold rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $58.67.

Shares of Webster Financial (NYSE:WBS) traded up $0.37 on Tuesday, hitting $57.99. 591,444 shares of the stock traded hands, compared to its average volume of 510,457. Webster Financial has a 52 week low of $44.04 and a 52 week high of $59.26. The firm has a market capitalization of $5,360.00, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 2.43 and a beta of 1.22. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.69.

Webster Financial (NYSE:WBS) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. Webster Financial had a net margin of 21.09% and a return on equity of 9.89%. The company had revenue of $266.75 million during the quarter, compared to the consensus estimate of $269.03 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. equities analysts expect that Webster Financial will post 2.6 EPS for the current fiscal year.

In other Webster Financial news, Director Karen R. Osar sold 12,923 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,023,024.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel Bley sold 1,239 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $55.38, for a total transaction of $68,615.82. Following the completion of the sale, the executive vice president now owns 22,721 shares in the company, valued at $1,258,288.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,107 shares of company stock worth $1,988,452. Company insiders own 2.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in Webster Financial by 4.0% in the second quarter. PNC Financial Services Group Inc. now owns 5,048 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 195 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Webster Financial by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 274 shares in the last quarter. Dorsey Wright & Associates raised its position in Webster Financial by 1.3% in the second quarter. Dorsey Wright & Associates now owns 29,141 shares of the financial services provider’s stock worth $1,522,000 after acquiring an additional 367 shares in the last quarter. Advisor Group Inc. raised its position in Webster Financial by 13.3% in the second quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock worth $211,000 after acquiring an additional 474 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in Webster Financial by 9.5% in the second quarter. D.A. Davidson & CO. now owns 6,443 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 559 shares in the last quarter. Hedge funds and other institutional investors own 86.77% of the company’s stock.

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Webster Financial Company Profile

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.

The Fly

Analyst Recommendations for Webster Financial (NYSE:WBS)

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