Media stories about Webster Financial (NYSE:WBS) have been trending positive on Tuesday, Alpha One reports. The research firm, a subsidiary of Accern, ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Webster Financial earned a media sentiment score of 0.32 on Alpha One’s scale. Alpha One also assigned news headlines about the financial services provider an impact score of 88 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the near term.
Shares of Webster Financial (WBS) traded down 1.05% on Tuesday, hitting $49.13. 456,136 shares of the stock traded hands. The stock has a 50 day moving average of $50.22 and a 200 day moving average of $52.02. Webster Financial has a one year low of $31.29 and a one year high of $57.50. The company has a market cap of $4.53 billion, a PE ratio of 21.45 and a beta of 1.28.
Webster Financial (NYSE:WBS) last issued its quarterly earnings results on Friday, April 21st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Webster Financial had a net margin of 23.26% and a return on equity of 9.50%. The company had revenue of $255.70 million during the quarter, compared to the consensus estimate of $254.48 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that Webster Financial will post $2.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Stockholders of record on Monday, May 8th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Thursday, May 4th. This is an increase from Webster Financial’s previous quarterly dividend of $0.25. Webster Financial’s payout ratio is currently 45.87%.
A number of research firms recently issued reports on WBS. Jefferies Group LLC set a $53.00 price target on shares of Webster Financial and gave the stock a “hold” rating in a research note on Saturday, May 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $55.00 target price on shares of Webster Financial in a research note on Monday, April 10th. Zacks Investment Research downgraded shares of Webster Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, March 8th. Finally, Barclays PLC raised their target price on shares of Webster Financial from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $48.94.
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In other Webster Financial news, Director John Joseph Crawford sold 2,753 shares of the business’s stock in a transaction 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 sale, the director now directly owns 7,752 shares in the company, valued at approximately $413,181.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dawn C. Morris sold 900 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $52.02, for a total transaction of $46,818.00. Following the sale, the executive vice president now owns 4,749 shares in the company, valued at $247,042.98. The disclosure for this sale can be found here. Insiders have sold a total of 26,214 shares of company stock valued at $1,364,548 in the last 90 days. Insiders own 2.59% of the company’s stock.
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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