Jefferies Financial Group Comments on Webster Financial Co.’s FY2019 Earnings (NYSE:WBS)

Webster Financial Co. (NYSE:WBS) – Investment analysts at Jefferies Financial Group dropped their FY2019 earnings per share estimates for Webster Financial in a report issued on Tuesday, July 9th. Jefferies Financial Group analyst C. Haire now anticipates that the financial services provider will post earnings of $4.10 per share for the year, down from their prior estimate of $4.15. Jefferies Financial Group also issued estimates for Webster Financial’s FY2020 earnings at $4.10 EPS.

Several other equities research analysts also recently weighed in on the company. Compass Point began coverage on Webster Financial in a report on Tuesday, May 7th. They set a “buy” rating for the company. Zacks Investment Research raised SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Friday, July 5th. Morgan Stanley raised Dongfeng Motor Group from an “equal weight” rating to an “overweight” rating in a report on Monday, July 1st. Boenning Scattergood reaffirmed a “hold” rating on shares of Webster Financial in a report on Monday, April 22nd. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.25.

Shares of NYSE WBS opened at $47.45 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52. The business’s fifty day moving average is $46.56. Webster Financial has a 1-year low of $43.95 and a 1-year high of $69.63. The firm has a market capitalization of $4.29 billion, a P/E ratio of 12.69, a PEG ratio of 1.41 and a beta of 1.27.

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

Institutional investors have recently added to or reduced their stakes in the business. GYL Financial Synergies LLC acquired a new stake in Webster Financial in the first quarter valued at $654,000. Mason Street Advisors LLC lifted its holdings in Webster Financial by 1.6% in the first quarter. Mason Street Advisors LLC now owns 49,076 shares of the financial services provider’s stock valued at $2,487,000 after acquiring an additional 762 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Webster Financial by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 23,421 shares of the financial services provider’s stock valued at $1,154,000 after acquiring an additional 1,207 shares during the period. Roubaix Capital LLC acquired a new stake in Webster Financial in the first quarter valued at $1,227,000. Finally, Segall Bryant & Hamill LLC lifted its holdings in Webster Financial by 3.6% in the fourth quarter. Segall Bryant & Hamill LLC now owns 7,285 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 253 shares during the period. 90.22% of the stock is owned by institutional investors.

In other Webster Financial news, EVP Daniel Bley sold 4,000 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $52.39, for a total value of $209,560.00. Following the completion of the sale, the executive vice president now owns 20,654 shares of the company’s stock, valued at $1,082,063.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Joseph Crawford sold 600 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $53.60, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders sold 6,100 shares of company stock valued at $321,865. 1.53% of the stock is owned by corporate insiders.

Webster Financial Company Profile

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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Earnings History and Estimates for Webster Financial (NYSE:WBS)

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