Press coverage about Webster Financial (NYSE:WBS) has trended somewhat positive on Sunday, AlphaOne Sentiment reports. AlphaOne, a division of Accern, ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Webster Financial earned a media sentiment score of 0.02 on AlphaOne’s scale. AlphaOne also assigned news coverage about the financial services provider an impact score of 84 out of 100, indicating that recent news coverage is very likely to have an effect on the stock’s share price in the immediate future.
Several equities analysts have commented on WBS shares. Zacks Investment Research upgraded Webster Financial from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Thursday, April 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $58.00 target price on shares of Webster Financial in a research report on Friday, April 21st. Barclays PLC increased their target price on Webster Financial from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 25th. Finally, Jefferies Group LLC set a $53.00 target price on Webster Financial and gave the company a “hold” rating in a research report on Saturday, May 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Webster Financial currently has an average rating of “Hold” and an average price target of $48.94.
Webster Financial (WBS) traded down 0.30% during midday trading on Friday, reaching $49.42. The company had a trading volume of 507,726 shares. Webster Financial has a one year low of $31.29 and a one year high of $57.50. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 21.58 and a beta of 1.28. The company has a 50-day moving average price of $50.24 and a 200-day moving average price of $51.92.
Webster Financial (NYSE:WBS) last released its quarterly earnings results on Friday, April 21st. The financial services provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $255.70 million during the quarter, compared to analyst estimates of $254.48 million. Webster Financial had a return on equity of 8.82% and a net margin of 19.18%. Webster Financial’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 EPS. On average, equities analysts expect that Webster Financial will post $2.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 22nd. Shareholders of record on Monday, May 8th were issued a dividend of $0.26 per share. This is an increase from Webster Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.10%. Webster Financial’s dividend payout ratio is 45.87%.
In other Webster Financial news, Director John Joseph Crawford sold 5,063 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $51.30, for a total transaction of $259,731.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel Bley sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $53.31, for a total value of $266,550.00. Following the transaction, the executive vice president now owns 33,657 shares in the company, valued at approximately $1,794,254.67. The disclosure for this sale can be found here. Insiders have sold a total of 26,214 shares of company stock worth $1,364,548 in the last quarter. Company insiders own 2.59% of the company’s stock.
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Webster Financial 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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