Webster Financial (NYSE:WBS) Now Covered by UBS Group

Stock analysts at UBS Group began coverage on shares of Webster Financial (NYSE:WBS – Get Rating) in a note issued to investors on Wednesday, The Fly reports. The brokerage set a “buy” rating and a $56.00 price target on the financial services provider’s stock. UBS Group’s target price points to a potential upside of 37.42% from the stock’s current price.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. lowered their price target on Webster Financial from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 13th. Morgan Stanley began coverage on shares of Webster Financial in a report on Monday, December 5th. They issued an “overweight” rating and a $70.00 price objective for the company. Wedbush lifted their target price on Webster Financial from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, January 27th. StockNews.com raised Webster Financial from a “sell” rating to a “hold” rating in a report on Monday, March 6th. Finally, Wells Fargo & Company lifted their price objective on Webster Financial from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, January 27th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $59.78.

Webster Financial Stock Performance

Shares of Webster Financial stock opened at $40.75 on Wednesday. The business has a fifty day simple moving average of $50.27 and a two-hundred day simple moving average of $49.47. The firm has a market capitalization of $7.09 billion, a P/E ratio of 11.48 and a beta of 1.28. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. Webster Financial has a 12 month low of $36.60 and a 12 month high of $60.48.

Webster Financial (NYSE:WBS – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The financial services provider reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.06). Webster Financial had a return on equity of 12.42% and a net margin of 23.64%. The business had revenue of $704.60 million during the quarter, compared to analysts’ expectations of $708.52 million. During the same quarter last year, the company posted $1.31 EPS. Webster Financial’s revenue for the quarter was up 122.3% compared to the same quarter last year. On average, equities analysts forecast that Webster Financial will post 6.79 earnings per share for the current fiscal year.

Institutional Trading of Webster Financial

Several large investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Webster Financial by 15.2% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 96,932 shares of the financial services provider’s stock valued at $4,085,000 after acquiring an additional 12,798 shares during the period. Credit Suisse AG increased its position in Webster Financial by 1.1% in the third quarter. Credit Suisse AG now owns 223,171 shares of the financial services provider’s stock worth $10,087,000 after buying an additional 2,464 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Webster Financial by 6.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 6,743,470 shares of the financial services provider’s stock worth $284,237,000 after buying an additional 383,804 shares during the period. Creative Planning grew its stake in shares of Webster Financial by 14.6% during the 3rd quarter. Creative Planning now owns 18,178 shares of the financial services provider’s stock valued at $822,000 after acquiring an additional 2,316 shares during the period. Finally, Toronto Dominion Bank increased its holdings in Webster Financial by 4.1% in the 2nd quarter. Toronto Dominion Bank now owns 40,077 shares of the financial services provider’s stock worth $1,688,000 after acquiring an additional 1,569 shares in the last quarter. 85.86% of the stock is currently owned by institutional investors.

Webster Financial Company Profile

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Webster Financial Corp. is a holding company, which engages in the provision of financial services to individuals, families, and businesses. It operates through the following business segments: Commercial Banking, HSA Bank, and Retail Banking. The Commercial Banking segment includes commercial banking and private banking.