Headlines about Webster Financial (NYSE:WBS) have been trending somewhat positive on Friday, according to Alpha One Sentiment. The research group, a division of Accern, identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Webster Financial earned a news impact score of 0.25 on Alpha One’s scale. Alpha One also gave news articles about the financial services provider an impact score of 93 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected AlphaOne’s rankings:
WBS has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Webster Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, March 8th. Jefferies Group LLC set a $53.00 price target on Webster Financial and gave the stock a “hold” rating in a report on Saturday, May 6th. Keefe, Bruyette & Woods restated a “buy” rating and set a $58.00 price target on shares of Webster Financial in a report on Friday, April 21st. Finally, Barclays PLC increased their price target on Webster Financial from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.94.
Webster Financial (WBS) traded up 3.77% during midday trading on Friday, reaching $53.74. The company had a trading volume of 751,277 shares. Webster Financial has a 12-month low of $31.29 and a 12-month high of $57.50. The stock has a market capitalization of $4.96 billion, a PE ratio of 23.47 and a beta of 1.28. The company has a 50-day moving average of $50.40 and a 200-day moving average of $52.02.
Webster Financial (NYSE:WBS) last posted its quarterly earnings data on Friday, April 21st. The financial services provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.05. The firm had revenue of $255.70 million during the quarter, compared to analysts’ expectations of $254.48 million. Webster Financial had a return on equity of 9.50% and a net margin of 23.26%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. On average, analysts predict that Webster Financial will post $2.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 22nd. Shareholders of record on Monday, May 8th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, May 4th. This represents a $1.04 dividend on an annualized basis and a yield of 1.94%. This is a boost from Webster Financial’s previous quarterly dividend of $0.25. Webster Financial’s payout ratio is currently 45.87%.
In other Webster Financial news, Director John Joseph Crawford sold 2,753 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $53.30, for a total transaction of $146,734.90. Following the completion of the sale, the director now directly owns 7,752 shares in the company, valued at approximately $413,181.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Daniel Bley sold 5,000 shares of the business’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 sale, the executive vice president now owns 33,657 shares of the company’s stock, valued at $1,794,254.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,214 shares of company stock valued at $1,364,548. 2.59% of the stock is currently owned by insiders.
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About Webster Financial
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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