Webster Financial Co. (NYSE:WBS) – Research analysts at Wedbush issued their Q1 2019 earnings estimates for Webster Financial in a research note issued to investors on Friday. Wedbush analyst D. Chiaverini forecasts that the financial services provider will post earnings per share of $0.85 for the quarter. Wedbush also issued estimates for Webster Financial’s Q2 2019 earnings at $0.91 EPS, Q3 2019 earnings at $0.96 EPS, Q4 2019 earnings at $0.94 EPS and FY2019 earnings at $3.67 EPS.
Webster Financial (NYSE:WBS) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.06. The firm had revenue of $270.97 million for the quarter, compared to analysts’ expectations of $269.64 million. Webster Financial had a net margin of 21.77% and a return on equity of 9.91%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share.
Webster Financial (NYSE:WBS) traded down $0.74 on Monday, hitting $57.10. 107,782 shares of the stock traded hands, compared to its average volume of 545,152. Webster Financial has a twelve month low of $44.04 and a twelve month high of $60.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $5,321.25, a PE ratio of 21.74, a P/E/G ratio of 2.14 and a beta of 1.14.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were issued a $0.26 dividend. The ex-dividend date was Monday, February 12th. This represents a $1.04 annualized dividend and a yield of 1.82%. Webster Financial’s dividend payout ratio is currently 39.10%.
In related news, Director Mark Pettie sold 3,291 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $56.34, for a total value of $185,414.94. Following the transaction, the director now directly owns 16,405 shares in the company, valued at $924,257.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joel S. Becker sold 5,064 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $54.22, for a total transaction of $274,570.08. Following the completion of the transaction, the director now owns 58,283 shares in the company, valued at $3,160,104.26. The disclosure for this sale can be found here. Insiders sold 11,272 shares of company stock worth $629,959 over the last 90 days. 2.20% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new position in Webster Financial in the third quarter valued at approximately $202,000. Fox Run Management L.L.C. acquired a new stake in Webster Financial in the fourth quarter worth $264,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Webster Financial by 39.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,788 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 1,353 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in Webster Financial in the fourth quarter worth $271,000. Finally, Quadrature Capital Ltd acquired a new stake in Webster Financial in the fourth quarter worth $289,000. Institutional investors and hedge funds own 94.63% of the company’s stock.
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About Webster Financial
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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