Webster Financial Co. Forecasted to Earn FY2019 Earnings of $3.56 Per Share (WBS)

Webster Financial Co. (NYSE:WBS) – Analysts at Wedbush issued their FY2019 EPS estimates for shares of Webster Financial in a research report issued on Thursday. Wedbush analyst D. Chiaverini forecasts that the financial services provider will post earnings per share of $3.56 for the year.

Webster Financial (NYSE:WBS) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. The company had revenue of $266.75 million during the quarter, compared to analyst estimates of $269.03 million. Webster Financial had a net margin of 21.09% and a return on equity of 9.89%. During the same quarter in the previous year, the firm earned $0.54 EPS.

WBS has been the subject of several other research reports. Zacks Investment Research raised shares of Webster Financial from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Wednesday, December 20th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $63.00 price target on shares of Webster Financial in a report on Friday, October 20th. Barclays set a $55.00 price target on shares of Webster Financial and gave the stock a “hold” rating in a report on Friday, October 20th. Wells Fargo & Co boosted their price target on shares of Webster Financial from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Finally, Piper Jaffray Companies raised shares of Webster Financial from an “underweight” rating to a “neutral” rating and set a $55.00 price target for the company in a report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $58.22.

Shares of Webster Financial (NYSE:WBS) traded up $0.24 during midday trading on Friday, reaching $56.32. 417,600 shares of the company traded hands, compared to its average volume of 488,800. The stock has a market cap of $5,360.00, a price-to-earnings ratio of 22.17, a PEG ratio of 2.41 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.81 and a current ratio of 0.81. Webster Financial has a 12 month low of $44.04 and a 12 month high of $59.25.

Hedge funds have recently made changes to their positions in the company. Seven Eight Capital LP acquired a new position in shares of Webster Financial during the 2nd quarter valued at about $141,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Webster Financial by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 274 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Webster Financial during the 3rd quarter valued at about $202,000. Advisor Group Inc. boosted its position in shares of Webster Financial by 13.3% during the 2nd quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 474 shares during the last quarter. Finally, BB&T Securities LLC acquired a new position in shares of Webster Financial during the 2nd quarter valued at about $212,000. 86.77% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director John Joseph Crawford sold 11,516 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $54.83, for a total transaction of $631,422.28. Following the completion of the sale, the director now owns 16,953 shares of the company’s stock, valued at $929,532.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Karen R. Osar sold 12,923 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $54.70, for a total transaction of $706,888.10. Following the transaction, the director now directly owns 36,984 shares in the company, valued at approximately $2,023,024.80. The disclosure for this sale can be found here. Insiders have sold 36,107 shares of company stock valued at $1,988,452 in the last ninety days. Insiders own 2.20% 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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