Webster Financial (WBS) Projected to Post Quarterly Earnings on Friday

Webster Financial (NYSE:WBS) will likely be releasing its earnings data before the market opens on Friday, January 17th. Analysts expect Webster Financial to post earnings of $1.34 per share and revenue of $687,532.71 billion for the quarter.

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). The firm had revenue of $647.62 million during the quarter, compared to analysts’ expectations of $677.72 million. Webster Financial had a net margin of 18.80% and a return on equity of 11.03%. During the same quarter in the previous year, the business earned $1.55 EPS. On average, analysts expect Webster Financial to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Webster Financial Price Performance

Shares of WBS stock opened at $58.03 on Thursday. The business’s fifty day moving average is $58.11 and its 200 day moving average is $50.80. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.45. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.87 and a beta of 1.30. Webster Financial has a twelve month low of $39.33 and a twelve month high of $63.99.

Webster Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, November 1st. Webster Financial’s dividend payout ratio is presently 36.28%.

Insider Activity at Webster Financial

In other news, insider Daniel Bley sold 500 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $61.91, for a total transaction of $30,955.00. Following the completion of the sale, the insider now owns 17,279 shares of the company’s stock, valued at $1,069,742.89. The trade was a 2.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Javier L. Evans sold 10,137 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $57.41, for a total value of $581,965.17. Following the completion of the transaction, the insider now directly owns 22,657 shares in the company, valued at approximately $1,300,738.37. This represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,250 shares of company stock worth $2,105,322. 0.88% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WBS. Barclays raised their price objective on Webster Financial from $63.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. reduced their price target on Webster Financial from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada upped their price target on shares of Webster Financial from $57.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. UBS Group began coverage on shares of Webster Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $76.00 price objective on the stock. Finally, StockNews.com raised shares of Webster Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 11th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.58.

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.