Webster Financial (WBS) Now Covered by Analysts at Compass Point

Compass Point assumed coverage on shares of Webster Financial (NYSE:WBS) in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The firm issued a buy rating on the financial services provider’s stock.

Other research analysts have also issued reports about the company. Barclays decreased their target price on Webster Financial from $68.00 to $62.00 and set an overweight rating for the company in a report on Wednesday, April 10th. Zacks Investment Research upgraded Webster Financial from a hold rating to a buy rating and set a $62.00 target price for the company in a report on Tuesday, March 12th. ValuEngine lowered Webster Financial from a hold rating to a sell rating in a report on Thursday, March 21st. Finally, Boenning Scattergood reiterated a hold rating on shares of Webster Financial in a report on Thursday, January 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $62.40.

NYSE:WBS opened at $51.50 on Tuesday. The firm has a market capitalization of $4.94 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.61 and a beta of 1.18. Webster Financial has a 12-month low of $45.38 and a 12-month high of $69.63. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.52.

Webster Financial (NYSE:WBS) last released its earnings results on Thursday, April 18th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. The firm had revenue of $310.20 million during the quarter, compared to analyst estimates of $310.46 million. Webster Financial had a return on equity of 13.77% and a net margin of 27.57%. Webster Financial’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. Equities research analysts predict that Webster Financial will post 4.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This is a positive change from Webster Financial’s previous quarterly dividend of $0.33. This represents a $1.60 dividend on an annualized basis and a yield of 3.11%. Webster Financial’s dividend payout ratio (DPR) is 42.78%.

In other Webster Financial news, Director John Joseph Crawford sold 600 shares of Webster Financial stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $53.60, for a total transaction of $32,160.00. Following the completion of the sale, the director now directly owns 17,099 shares of the company’s stock, valued at approximately $916,506.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel Bley sold 4,000 shares of Webster Financial stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $52.39, for a total value of $209,560.00. Following the sale, the executive vice president now directly owns 20,654 shares of the company’s stock, valued at $1,082,063.06. The disclosure for this sale can be found here. Insiders have sold a total of 6,100 shares of company stock valued at $321,865 over the last ninety days. 1.53% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Enlightenment Research LLC purchased a new stake in Webster Financial during the 4th quarter worth about $25,000. JOYN Advisors Inc. lifted its holdings in Webster Financial by 413.7% during the 4th quarter. JOYN Advisors Inc. now owns 524 shares of the financial services provider’s stock worth $26,000 after buying an additional 422 shares during the last quarter. Harvest Group Wealth Management LLC purchased a new stake in Webster Financial during the 1st quarter worth about $58,000. Toronto Dominion Bank purchased a new stake in Webster Financial during the 4th quarter worth about $74,000. Finally, Meeder Asset Management Inc. purchased a new stake in Webster Financial during the 4th quarter worth about $84,000. 91.45% of the stock is owned by institutional investors.

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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