Media stories about Webster Financial (NYSE:WBS) have been trending somewhat positive recently, AlphaOne Sentiment Analysis reports. AlphaOne, a unit of Accern, ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Webster Financial earned a news sentiment score of 0.10 on AlphaOne’s scale. AlphaOne also assigned news coverage about the financial services provider an impact score of 54 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
Several brokerages have commented on WBS. Zacks Investment Research cut 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 shares of Webster Financial and gave the stock a “hold” rating in a research report on Saturday, May 6th. Barclays PLC boosted their price target on shares of Webster Financial from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 25th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $58.00 price target on shares of Webster Financial in a research report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Webster Financial currently has a consensus rating of “Hold” and an average price target of $48.94.
Shares of Webster Financial (NYSE WBS) opened at 49.13 on Wednesday. The firm’s 50-day moving average price is $50.25 and its 200 day moving average price is $52.04. The firm has a market cap of $4.53 billion, a P/E ratio of 21.45 and a beta of 1.28. Webster Financial has a 12-month low of $31.29 and a 12-month high of $57.50.
Webster Financial (NYSE:WBS) last posted its quarterly earnings results on Friday, April 21st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. The business had revenue of $255.70 million for 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 firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 earnings per share. On average, equities analysts expect that Webster Financial will post $2.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 22nd. Shareholders of record on Monday, May 8th were paid a $0.26 dividend. This is a positive change 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 annualized dividend and a yield of 2.12%. Webster Financial’s dividend payout ratio is presently 45.87%.
In other Webster Financial news, Director John Joseph Crawford sold 2,753 shares of the stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $53.30, for a total value of $146,734.90. Following the transaction, the director now owns 7,752 shares of the company’s stock, valued at $413,181.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel Bley sold 5,000 shares of the stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $53.31, for a total value of $266,550.00. Following the completion of the transaction, the executive vice president now directly owns 33,657 shares in the company, valued at approximately $1,794,254.67. The disclosure for this sale can be found here. Insiders sold 26,214 shares of company stock worth $1,364,548 in the last three months. 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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