Webster Financial Corporation (WBS) Receiving Somewhat Positive Press Coverage, Analysis Shows
Headlines about Webster Financial Corporation (NYSE:WBS) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Webster Financial Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.8818905282044 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Webster Financial Corporation (NYSE WBS) opened at 47.93 on Friday. The company has a 50-day moving average of $52.02 and a 200 day moving average of $51.86. Webster Financial Corporation has a 52-week low of $36.64 and a 52-week high of $57.50. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 19.97 and a beta of 1.25.
Webster Financial Corporation (NYSE:WBS) last issued its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.04. Webster Financial Corporation had a net margin of 20.43% and a return on equity of 9.49%. The company had revenue of $262.50 million during the quarter, compared to the consensus estimate of $260.91 million. During the same quarter in the prior year, the firm posted $0.53 EPS. On average, equities research analysts anticipate that Webster Financial Corporation will post $2.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, August 3rd. Webster Financial Corporation’s dividend payout ratio is 43.33%.
Several equities research analysts recently weighed in on WBS shares. Zacks Investment Research upgraded shares of Webster Financial Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Saturday, July 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $58.00 target price on shares of Webster Financial Corporation in a research note on Friday, April 21st. Barclays PLC increased their target price on shares of Webster Financial Corporation from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 25th. Jefferies Group LLC reiterated a “hold” rating and issued a $53.00 target price on shares of Webster Financial Corporation in a research note on Friday, July 14th. Finally, BidaskClub upgraded shares of Webster Financial Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.00.
In related news, EVP Daniel Bley sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $51.20, for a total transaction of $409,600.00. Following the completion of the transaction, the executive vice president now directly owns 25,657 shares in the company, valued at approximately $1,313,638.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Nitin J. Mhatre sold 31,940 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $51.34, for a total transaction of $1,639,799.60. Following the transaction, the executive vice president now owns 23,120 shares of the company’s stock, valued at $1,186,980.80. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
Webster Financial Corporation 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, which includes government and institutional banking.
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