Webster Financial Corp. (NYSE:WBS) had its price target raised by Deutsche Bank AG from $39.00 to $42.00 in a research note issued to investors on Thursday. The brokerage currently has a buy rating on the financial services provider’s stock.

Analyst Recommendations for Webster Financial Corp. (NYSE:WBS)

Several other research firms also recently weighed in on WBS. Barclays PLC downgraded shares of Webster Financial Corp. from an overweight rating to an equal weight rating and set a $38.00 price target for the company. in a research note on Friday, August 5th. 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. JPMorgan Chase & Co. decreased their price target on shares of Webster Financial Corp. from $39.00 to $38.00 and set an overweight rating for the company in a research note on Thursday, July 7th. Jefferies Group reaffirmed a hold rating and issued a $36.00 price target on shares of Webster Financial Corp. in a research note on Thursday, July 7th. Finally, Zacks Investment Research raised shares of Webster Financial Corp. from a sell rating to a hold rating in a research note on Saturday, June 18th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $38.40.

Shares of Webster Financial Corp. (NYSE:WBS) opened at 37.78 on Thursday. The company has a market capitalization of $3.46 billion, a PE ratio of 17.91 and a beta of 1.52. The stock has a 50 day moving average of $37.55 and a 200-day moving average of $36.47. Webster Financial Corp. has a one year low of $30.09 and a one year high of $40.72.

Webster Financial Corp. (NYSE:WBS) last announced its earnings results on Wednesday, July 20th. The financial services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Webster Financial Corp. had a net margin of 19.44% and a return on equity of 8.84%. The business earned $242 million during the quarter, compared to the consensus estimate of $177.92 million. During the same quarter last year, the firm earned $0.55 earnings per share. Webster Financial Corp.’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities analysts forecast that Webster Financial Corp. will post $2.10 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Monday, August 8th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Thursday, August 4th. Webster Financial Corp.’s dividend payout ratio (DPR) is presently 46.95%.

In other Webster Financial Corp. news, Director John Joseph Crawford sold 3,000 shares of Webster Financial Corp. stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $36.15, for a total value of $108,450.00. Following the sale, the director now owns 21,705 shares of the company’s stock, valued at $784,635.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth E. Flynn acquired 2,900 shares of the stock in a transaction on Wednesday, August 3rd. The stock was bought at an average cost of $35.97 per share, for a total transaction of $104,313.00. Following the transaction, the director now owns 15,681 shares of the company’s stock, valued at approximately $564,045.57. The disclosure for this purchase can be found here. Corporate insiders own 2.59% of the company’s stock.

A number of hedge funds have recently made changes to their positions in WBS. Advisor Group Inc. bought a new stake in shares of Webster Financial Corp. during the second quarter valued at approximately $111,000. LS Investment Advisors LLC raised its stake in shares of 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 stake in shares of 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 stake in shares of 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 stake in shares of 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. 94.31% of the stock is currently owned by institutional investors and hedge funds.

Webster Financial Corp. Company Profile

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.

5 Day Chart for NYSE:WBS

Receive News & Ratings for Webster Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Webster Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.