Today, Webster Financial Corp. (WBS) Given Average Recommendation of “Hold” by Analysts

Today, Webster Financial Corp. (WBS) Given Average Recommendation of “Hold” by Analysts

Webster Financial Corp. (NYSE:WBS) has been given an average rating of “Hold” by the ten brokerages that are presently covering the firm. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $38.14.

A number of brokerages recently commented on WBS. JPMorgan Chase & Co. dropped their price target on shares of Webster Financial Corp. from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, July 7th. FBR & Co set a $36.00 price target on shares of Webster Financial Corp. and gave the company a “hold” rating in a research note on Thursday, July 21st. Zacks Investment Research upgraded shares of Webster Financial Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. Deutsche Bank AG upped their price target on shares of Webster Financial Corp. from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Finally, Jefferies Group restated a “hold” rating and set a $36.00 price target on shares of Webster Financial Corp. in a research note on Thursday, July 7th.

In related news, EVP Daniel Bley sold 5,153 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $36.03, for a total transaction of $185,662.59. Following the transaction, the executive vice president now owns 35,415 shares of the company’s stock, valued at approximately $1,276,002.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Elizabeth E. Flynn bought 2,900 shares of Webster Financial Corp. stock in a transaction that occurred on Wednesday, August 3rd. The shares were acquired at an average cost of $35.97 per share, for a total transaction of $104,313.00. Following the acquisition, the director now owns 15,681 shares in the company, valued at approximately $564,045.57. The disclosure for this purchase can be found here. Insiders own 2.59% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. acquired a new position in Webster Financial Corp. during the second quarter valued at approximately $111,000. LS Investment Advisors LLC raised its position in Webster Financial Corp. by 72.3% in the second quarter. LS Investment Advisors LLC now owns 5,480 shares of the financial services provider’s stock valued at $186,000 after buying an additional 2,300 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Webster Financial Corp. by 1,561.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,714 shares of the financial services provider’s stock valued at $194,000 after buying an additional 5,370 shares in the last quarter. Capstone Asset Management Co. raised its position in Webster Financial Corp. by 3.3% in the second quarter. Capstone Asset Management Co. now owns 6,011 shares of the financial services provider’s stock valued at $204,000 after buying an additional 190 shares in the last quarter. Finally, Creative Planning raised its position in Webster Financial Corp. by 1.0% in the second quarter. Creative Planning now owns 6,467 shares of the financial services provider’s stock valued at $220,000 after buying an additional 65 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors.

Shares of Webster Financial Corp. (NYSE:WBS) opened at 37.31 on Wednesday. Webster Financial Corp. has a 1-year low of $30.09 and a 1-year high of $40.72. The company has a market cap of $3.42 billion, a PE ratio of 17.68 and a beta of 1.46. The firm’s 50 day moving average is $38.11 and its 200-day moving average is $36.71.

Webster Financial Corp. (NYSE:WBS) last announced its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $242 million for the quarter, compared to analysts’ expectations of $177.92 million. Webster Financial Corp. had a net margin of 19.44% and a return on equity of 8.84%. Webster Financial Corp.’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 EPS. Equities analysts expect that Webster Financial Corp. will post $2.10 earnings per share for the current year.

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