Webster Financial Corporation (NYSE:WBS)‘s stock had its “sell” rating reiterated by investment analysts at Piper Jaffray Companies in a research note issued to investors on Friday. They presently have a $46.00 price objective on the financial services provider’s stock. Piper Jaffray Companies’ target price suggests a potential downside of 13.97% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on WBS. Jefferies Group LLC set a $53.00 price objective on shares of Webster Financial Corporation and gave the stock a “hold” rating in a research report on Saturday, May 6th. Zacks Investment Research cut shares of Webster Financial Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. BidaskClub upgraded shares of Webster Financial Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $55.00 price objective on shares of Webster Financial Corporation in a research report on Monday, April 10th. Finally, Barclays PLC upped their price objective on shares of Webster Financial Corporation from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $53.38.

Shares of Webster Financial Corporation (NYSE:WBS) opened at 53.47 on Friday. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 23.35 and a beta of 1.25. The company has a 50 day moving average of $50.70 and a 200-day moving average of $52.16. Webster Financial Corporation has a one year low of $35.18 and a one year high of $57.50.

Webster Financial Corporation (NYSE:WBS) last released its quarterly earnings data on Friday, April 21st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.05. The business had revenue of $255.70 million during the quarter, compared to analysts’ expectations of $254.48 million. Webster Financial Corporation had a net margin of 19.88% and a return on equity of 9.16%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. On average, analysts expect that Webster Financial Corporation will post $2.48 EPS for the current year.

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In other Webster Financial Corporation news, Director Laurence C. Morse sold 4,971 shares of the company’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $51.88, for a total value of $257,895.48. Following the completion of the transaction, the director now directly owns 28,210 shares in the company, valued at approximately $1,463,534.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Joseph Crawford sold 2,753 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $53.30, for a total transaction of $146,734.90. Following the completion of the transaction, the director now owns 7,752 shares of the company’s stock, valued at $413,181.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,214 shares of company stock valued at $1,364,548. Corporate insiders own 2.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Webster Financial Corporation by 18.6% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,185 shares of the financial services provider’s stock valued at $155,000 after buying an additional 500 shares during the period. Flinton Capital Management LLC boosted its stake in Webster Financial Corporation by 20.9% in the first quarter. Flinton Capital Management LLC now owns 3,152 shares of the financial services provider’s stock valued at $158,000 after buying an additional 544 shares during the period. Sky Investment Group LLC purchased a new stake in Webster Financial Corporation during the second quarter valued at $200,000. HighTower Advisors LLC purchased a new stake in Webster Financial Corporation during the first quarter valued at $215,000. Finally, Meadow Creek Investment Management LLC boosted its stake in Webster Financial Corporation by 20.9% in the first quarter. Meadow Creek Investment Management LLC now owns 4,334 shares of the financial services provider’s stock valued at $217,000 after buying an additional 748 shares during the period. Hedge funds and other institutional investors own 97.53% of the company’s stock.

About Webster Financial Corporation

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.

Analyst Recommendations for Webster Financial Corporation (NYSE:WBS)

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