Webster Financial (NYSE:WBS) PT Raised to $59.00

Webster Financial (NYSE:WBS) had its price target lifted by stock analysts at Wedbush from $52.00 to $59.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Wedbush’s price target would suggest a potential upside of 11.51% from the company’s current price. Wedbush also issued estimates for Webster Financial’s Q1 2025 earnings at $1.34 EPS, Q2 2025 earnings at $1.41 EPS, Q4 2025 earnings at $1.58 EPS, FY2025 earnings at $5.85 EPS and FY2026 earnings at $6.60 EPS.

WBS has been the topic of several other reports. JPMorgan Chase & Co. lowered their target price on shares of Webster Financial from $58.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Barclays raised their price objective on Webster Financial from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Company boosted their target price on Webster Financial from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday. Royal Bank of Canada raised their price target on Webster Financial from $57.00 to $62.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Webster Financial from $58.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $57.85.

Webster Financial Stock Performance

Shares of WBS stock opened at $52.91 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.44. Webster Financial has a 12-month low of $36.36 and a 12-month high of $54.38. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 0.81 and a beta of 1.28. The stock has a 50 day simple moving average of $46.21 and a 200-day simple moving average of $45.33.

Webster Financial (NYSE:WBS) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). Webster Financial had a net margin of 19.81% and a return on equity of 11.81%. The business had revenue of $647.62 million during the quarter, compared to analyst estimates of $677.72 million. During the same period last year, the business posted $1.55 EPS. On average, equities analysts forecast that Webster Financial will post 5.23 EPS for the current year.

Insider Activity

In related news, insider Charles L. Wilkins sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $49.07, for a total transaction of $245,350.00. Following the sale, the insider now owns 45,157 shares in the company, valued at approximately $2,215,853.99. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Charles L. Wilkins sold 5,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $49.07, for a total value of $245,350.00. Following the completion of the transaction, the insider now directly owns 45,157 shares in the company, valued at approximately $2,215,853.99. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jason A. Soto sold 1,650 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $46.32, for a total value of $76,428.00. Following the transaction, the insider now owns 20,539 shares in the company, valued at $951,366.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On Webster Financial

A number of institutional investors have recently bought and sold shares of the stock. Rise Advisors LLC purchased a new position in Webster Financial during the first quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new position in shares of Webster Financial in the 3rd quarter worth $27,000. UMB Bank n.a. boosted its holdings in Webster Financial by 340.7% in the third quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 460 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in Webster Financial during the second quarter valued at about $32,000. Finally, Mather Group LLC. increased its stake in Webster Financial by 7,650.0% during the second quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 1,224 shares during the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

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.