Weekly Investment Analysts’ Ratings Changes for Webster Financial (WBS)

Webster Financial (NYSE: WBS) recently received a number of ratings updates from brokerages and research firms:

  • 1/9/2018 – Webster Financial had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $60.00 price target on the stock, up previously from $55.00.
  • 1/6/2018 – Webster Financial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. They now have a $63.00 price target on the stock. According to Zacks, “Shares of Webster Financial have outperformed the industry over the past six months. The performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters.  Webster Financial’s consistent growth in loans and deposits will aid profitability. Also, top-line strength and ample liquidity keep us encouraged. Notably, following the recent Fed interest rate hike, the company raised its prime lending rate to 4.50% from 4.25%, which will further support revenue growth. Its efforts to strengthen HSA Bank segment bode well for the long term. However, consistently rising cost base remains a major concern. Also, significant exposure to commercial loans could pose a threat to its financials.”
  • 1/5/2018 – Webster Financial was upgraded by analysts at Piper Jaffray Companies from an “underweight” rating to a “neutral” rating. They now have a $55.00 price target on the stock.
  • 1/2/2018 – Webster Financial had its price target raised by analysts at Barclays PLC from $55.00 to $59.00. They now have an “overweight” rating on the stock.
  • 12/22/2017 – Webster Financial had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $71.00 price target on the stock.
  • 12/20/2017 – Webster Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $64.00 price target on the stock. According to Zacks, “Shares of Webster Financial have outperformed the industry over the past six months. The performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters.  Webster Financial’s consistent growth in loans and deposits will aid profitability. Also, top-line strength and ample liquidity keep us encouraged. Notably, following the recent Fed interest rate hike, the company raised its prime lending rate to 4.50% from 4.25%, which will further support revenue growth. However, consistently rising cost base remains a major concern and significant exposure to commercial loans could pose a threat to its financials. Nevertheless, its efforts to strengthen HSA Bank segment bode well for the long term.”
  • 11/14/2017 – Webster Financial was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Webster Financial Co. (NYSE WBS) traded up $0.37 during mid-day trading on Thursday, reaching $57.99. The company had a trading volume of 591,400 shares, compared to its average volume of 510,457. Webster Financial Co. has a 12-month low of $44.04 and a 12-month high of $59.26. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.69. The stock has a market cap of $5,360.00, a price-to-earnings ratio of 22.83, a P/E/G ratio of 2.43 and a beta of 1.22.

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

In related news, Director Karen R. Osar sold 12,923 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $54.70, for a total value of $706,888.10. Following the transaction, the director now directly owns 36,984 shares of the company’s stock, valued at approximately $2,023,024.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel Bley sold 1,239 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $55.38, for a total value of $68,615.82. Following the completion of the transaction, the executive vice president now directly owns 22,721 shares in the company, valued at $1,258,288.98. The disclosure for this sale can be found here. Insiders sold a total of 36,107 shares of company stock worth $1,988,452 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

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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