Webster Financial (WBS) Projected to Post Quarterly Earnings on Friday

Webster Financial (NYSE:WBS) is expected to announce its earnings results before the market opens on Friday, January 17th. Analysts expect the company to announce earnings of $1.34 per share and revenue of $687,532.71 billion for the quarter.

Webster Financial (NYSE:WBS) last released its quarterly earnings data 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). Webster Financial had a net margin of 18.80% and a return on equity of 11.03%. The business had revenue of $647.62 million during the quarter, compared to analyst estimates of $677.72 million. During the same period in the previous year, the firm posted $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 Up 2.8 %

NYSE WBS traded up $1.57 during trading on Wednesday, hitting $58.03. 1,432,830 shares of the company traded hands, compared to its average volume of 1,044,648. Webster Financial has a 12 month low of $39.33 and a 12 month high of $63.99. The business has a fifty day simple moving average of $58.11 and a 200 day simple moving average of $50.80. The company has a market capitalization of $9.95 billion, a P/E ratio of 13.16, a PEG ratio of 0.87 and a beta of 1.30. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45.

Webster Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, November 1st. Webster Financial’s dividend payout ratio is 36.28%.

Analyst Ratings Changes

A number of brokerages have issued reports on WBS. Wells Fargo & Company raised Webster Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $70.00 to $75.00 in a research report on Monday, January 6th. Barclays upped their price objective on shares of Webster Financial from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Stephens set a $58.00 target price on shares of Webster Financial in a report on Thursday, October 17th. UBS Group initiated coverage on shares of Webster Financial in a report on Tuesday, December 17th. They set a “buy” rating and a $76.00 price target for the company. Finally, Morgan Stanley dropped 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. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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 of the company’s stock, valued at $748,333.39. The trade was a 21.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel Bley sold 3,463 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $52.10, for a total transaction of $180,422.30. Following the transaction, the insider now directly owns 19,529 shares of the company’s stock, valued at $1,017,460.90. The trade was a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,250 shares of company stock worth $2,105,322 over the last three months. Company 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.