Shares of Webster Financial Co. (NYSE:WBS) have earned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $61.25.

WBS has been the subject of several recent research reports. Boenning Scattergood reiterated a “hold” rating on shares of Webster Financial in a research report on Friday, October 19th. Zacks Investment Research raised shares of Webster Financial from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Wednesday, October 24th. Morgan Stanley restated a “sell” rating and issued a $60.00 target price (down previously from $62.00) on shares of Webster Financial in a report on Tuesday, September 18th. Barclays increased their target price on shares of Webster Financial from $69.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, October 19th. Finally, ValuEngine downgraded shares of Webster Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th.

In other news, Director John Joseph Crawford sold 2,000 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $60.03, for a total value of $120,060.00. Following the completion of the transaction, the director now owns 8,792 shares in the company, valued at $527,783.76. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.96% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Webster Financial by 1.1% in the 3rd quarter. BlackRock Inc. now owns 8,526,231 shares of the financial services provider’s stock worth $502,707,000 after buying an additional 90,273 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Webster Financial by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,461,192 shares of the financial services provider’s stock worth $498,873,000 after buying an additional 270,130 shares in the last quarter. Vanguard Group Inc grew its position in Webster Financial by 3.3% during the 3rd quarter. Vanguard Group Inc now owns 8,461,192 shares of the financial services provider’s stock worth $498,873,000 after acquiring an additional 270,130 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Webster Financial by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,238,910 shares of the financial services provider’s stock valued at $142,619,000 after buying an additional 102,346 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its position in shares of Webster Financial by 14.1% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,162,598 shares of the financial services provider’s stock worth $127,507,000 after purchasing an additional 267,332 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

Shares of NYSE:WBS traded up $0.36 on Friday, hitting $51.05. The company had a trading volume of 10,645 shares, compared to its average volume of 623,213. Webster Financial has a 52-week low of $45.38 and a 52-week high of $69.63. The company has a market capitalization of $4.67 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.54 and a beta of 1.18. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.62.

Webster Financial (NYSE:WBS) last issued its quarterly earnings results on Thursday, October 18th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.12. The company had revenue of $302.66 million for the quarter, compared to analysts’ expectations of $299.30 million. Webster Financial had a return on equity of 12.36% and a net margin of 25.77%. During the same period last year, the firm earned $0.67 EPS. On average, sell-side analysts anticipate that Webster Financial will post 3.72 earnings per share for the current year.

Webster Financial Company Profile

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through four segments: Commercial Banking, Community Banking, HSA Bank, and Private Banking.

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Analyst Recommendations for Webster Financial (NYSE:WBS)

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