By otakuyassine3@gmail.com 
Webster Financial (NYSE:WBS – Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Friday, January 17th. Analysts expect Webster Financial to post earnings of $1.34 per share and revenue of $687,532.71 billion for the quarter.
Webster Financial (NYSE:WBS – Get Free Report) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). The company had revenue of $647.62 million for the quarter, compared to analysts’ expectations of $677.72 million. Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. During the same quarter in the prior year, the company earned $1.55 EPS. On average, analysts expect Webster Financial to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Webster Financial Stock Performance
Shares of NYSE:WBS traded up $1.57 during trading on Wednesday, hitting $58.03. 1,432,830 shares of the company were exchanged, compared to its average volume of 1,044,648. The company has a market cap of $9.95 billion, a PE ratio of 13.16, a P/E/G ratio of 0.87 and a beta of 1.30. The stock has a 50 day moving average of $58.11 and a 200 day moving average of $50.80. Webster Financial has a 52-week low of $39.33 and a 52-week high of $63.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.86 and a quick ratio of 0.86.
Webster Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.60 dividend on an annualized basis and a yield of 2.76%. Webster Financial’s dividend payout ratio is presently 36.28%.
Wall Street Analyst Weigh In
A number of research firms recently commented on WBS. Barclays increased their target price on Webster Financial from $63.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Morgan Stanley reduced their price objective on Webster Financial from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. Stephens set a $58.00 price objective on Webster Financial in a research note on Thursday, October 17th. Wells Fargo & Company raised Webster Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $70.00 to $75.00 in a research note on Monday, January 6th. Finally, Wedbush raised their target price on Webster Financial from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.58.
Insider Activity at Webster Financial
In other Webster Financial news, CAO Albert Jen-Wen Wang sold 4,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $52.43, for a total value of $209,720.00. Following the sale, the chief accounting officer now owns 14,273 shares in the company, valued at $748,333.39. The trade was a 21.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Bley sold 500 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $61.91, for a total transaction of $30,955.00. Following the completion of the sale, the insider now owns 17,279 shares in the company, valued at approximately $1,069,742.89. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,250 shares of company stock valued at $2,105,322 over the last 90 days. Corporate insiders own 0.88% of the company’s stock.
About Webster Financial
Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.
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