Webster Financial (WBS) Set to Announce Earnings on Tuesday

Webster Financial (NYSE:WBS) is set to post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Webster Financial to post earnings of $1.40 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Webster Financial (NYSE:WBS) last posted its earnings results on Tuesday, January 23rd. The financial services provider reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.02). Webster Financial had a net margin of 22.01% and a return on equity of 13.05%. The company had revenue of $996.96 million for the quarter, compared to the consensus estimate of $674.82 million. During the same quarter last year, the business earned $1.60 earnings per share. On average, analysts expect Webster Financial to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Webster Financial Price Performance

NYSE WBS opened at $45.81 on Tuesday. Webster Financial has a fifty-two week low of $31.03 and a fifty-two week high of $53.39. The stock’s 50-day moving average is $48.03 and its two-hundred day moving average is $46.22. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $7.87 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 0.37 and a beta of 1.33.

Webster Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, February 5th were paid a $0.40 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.49%. Webster Financial’s payout ratio is presently 32.72%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WBS shares. Citigroup decreased their target price on Webster Financial from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Barclays started coverage on Webster Financial in a report on Friday, March 8th. They set an “overweight” rating and a $70.00 price objective on the stock. Raymond James reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Webster Financial in a report on Tuesday, March 26th. Jefferies Financial Group decreased their price objective on Webster Financial from $65.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Finally, JPMorgan Chase & Co. raised Webster Financial from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $60.00 to $65.00 in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.85.

Insider Activity

In other news, insider Christopher J. Motl sold 10,475 shares of Webster Financial stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $52.40, for a total value of $548,890.00. Following the completion of the transaction, the insider now owns 63,306 shares in the company, valued at $3,317,234.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Christopher J. Motl sold 10,475 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $52.40, for a total value of $548,890.00. Following the completion of the transaction, the insider now owns 63,306 shares in the company, valued at approximately $3,317,234.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Luis Massiani sold 13,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $51.63, for a total transaction of $697,005.00. Following the completion of the transaction, the chief operating officer now owns 89,621 shares of the company’s stock, valued at approximately $4,627,132.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,941 shares of company stock worth $1,545,582. Insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WBS. Lazard Asset Management LLC raised its position in Webster Financial by 9,388.9% in the 2nd quarter. Lazard Asset Management LLC now owns 854 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 845 shares during the last quarter. Neo Ivy Capital Management bought a new position in Webster Financial in the 2nd quarter worth approximately $32,000. Harbour Investments Inc. raised its position in Webster Financial by 305.8% in the 1st quarter. Harbour Investments Inc. now owns 905 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 682 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Webster Financial in the 4th quarter worth approximately $47,000. Finally, Quarry LP raised its position in shares of Webster Financial by 209.8% during the 1st quarter. Quarry LP now owns 1,227 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 831 shares during the last quarter. Institutional investors own 85.58% of the company’s stock.

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.