ValuEngine Downgrades Webster Financial Corporation (WBS) to Hold

Webster Financial Corporation (NYSE:WBS) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday.

A number of other research firms have also recently commented on WBS. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $63.00 target price on shares of Webster Financial Corporation in a report on Friday, October 20th. Barclays PLC set a $55.00 target price on shares of Webster Financial Corporation and gave the stock a “hold” rating in a report on Friday, October 20th. Wells Fargo & Company increased their target price on shares of Webster Financial Corporation from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Boenning Scattergood reissued a “hold” rating on shares of Webster Financial Corporation in a report on Friday, October 20th. Finally, Deutsche Bank AG increased their target price on shares of Webster Financial Corporation from $51.00 to $53.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Webster Financial Corporation presently has an average rating of “Hold” and an average price target of $55.22.

Webster Financial Corporation (NYSE WBS) traded up $0.05 on Tuesday, reaching $52.89. 277,200 shares of the company traded hands, compared to its average volume of 710,278. Webster Financial Corporation has a 1-year low of $44.04 and a 1-year high of $57.50. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $4,865.23, a PE ratio of 20.89, a price-to-earnings-growth ratio of 2.54 and a beta of 1.23.

Webster Financial Corporation (NYSE:WBS) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. The firm had revenue of $266.75 million during the quarter, compared to analysts’ expectations of $269.03 million. Webster Financial Corporation had a net margin of 21.09% and a return on equity of 9.89%. During the same quarter in the prior year, the business earned $0.54 earnings per share. sell-side analysts anticipate that Webster Financial Corporation will post 2.6 EPS for the current fiscal year.

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In other Webster Financial Corporation news, EVP Daniel Bley sold 1,486 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $54.74, for a total transaction of $81,343.64. Following the completion of the sale, the executive vice president now owns 25,547 shares of the company’s stock, valued at approximately $1,398,442.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karen R. Osar sold 12,923 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $54.70, for a total transaction of $706,888.10. Following the sale, the director now directly owns 36,984 shares of the company’s stock, valued at approximately $2,023,024.80. The disclosure for this sale can be found here. Insiders have sold a total of 36,107 shares of company stock valued at $1,988,452 in the last three months. Insiders own 2.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Seven Eight Capital LP bought a new position in shares of Webster Financial Corporation during the 2nd quarter worth approximately $141,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Webster Financial Corporation by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock worth $164,000 after buying an additional 274 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Webster Financial Corporation by 13.3% during the 2nd quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock worth $211,000 after buying an additional 474 shares in the last quarter. BB&T Securities LLC bought a new position in shares of Webster Financial Corporation during the 2nd quarter worth approximately $212,000. Finally, HighTower Advisors LLC bought a new position in shares of Webster Financial Corporation during the 1st quarter worth approximately $215,000. 93.94% of the stock is owned by institutional investors and hedge funds.

Webster Financial Corporation 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.

Analyst Recommendations for Webster Financial Corporation (NYSE:WBS)

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