Webster Financial Co. (WBS) Given Average Rating of “Hold” by Brokerages

Shares of Webster Financial Co. (NYSE:WBS) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $64.00.

A number of equities analysts recently weighed in on WBS shares. Sandler O’Neill raised shares of Webster Financial from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Monday, December 10th. Boenning Scattergood reaffirmed a “hold” rating on shares of Webster Financial in a research note on Thursday, January 24th. ValuEngine lowered shares of Webster Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 11th. Finally, Zacks Investment Research lowered shares of Webster Financial from a “buy” rating to a “hold” rating in a research note on Sunday, January 6th.

Shares of WBS stock traded down $0.22 on Friday, hitting $50.67. The stock had a trading volume of 316,213 shares, compared to its average volume of 541,585. Webster Financial has a twelve month low of $45.38 and a twelve month high of $69.63. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.51 and a beta of 1.21. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.75.

Webster Financial (NYSE:WBS) last announced its quarterly earnings results on Thursday, January 24th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.03. Webster Financial had a net margin of 26.94% and a return on equity of 13.36%. The company had revenue of $310.30 million during the quarter, compared to analyst estimates of $305.55 million. During the same quarter in the previous year, the business earned $0.73 EPS. The firm’s revenue was up 14.5% on a year-over-year basis. Research analysts expect that Webster Financial will post 4.16 earnings per share for the current year.

In other news, Director John Joseph Crawford sold 1,207 shares of the stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $55.85, for a total transaction of $67,410.95. Following the completion of the transaction, the director now directly owns 18,008 shares in the company, valued at approximately $1,005,746.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Copenhaver Smith sold 45,859 shares of the stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $53.94, for a total transaction of $2,473,634.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,066 shares of company stock valued at $5,569,345. Company insiders own 1.96% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BlueMountain Capital Management LLC acquired a new position in shares of Webster Financial during the 3rd quarter worth about $2,541,000. HAP Trading LLC acquired a new position in shares of Webster Financial during the 4th quarter worth about $876,000. Hotaling Investment Management LLC acquired a new position in shares of Webster Financial during the 4th quarter worth about $798,000. Commonwealth Bank of Australia acquired a new position in shares of Webster Financial during the 3rd quarter worth about $271,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Webster Financial by 5.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 26,372 shares of the financial services provider’s stock worth $1,300,000 after buying an additional 1,404 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.

Webster Financial Company Profile

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

Further Reading: Why is the price-sales ratio important?

Analyst Recommendations for Webster Financial (NYSE:WBS)

Receive News & Ratings for Webster Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Webster Financial and related companies with MarketBeat.com's FREE daily email newsletter.