A number of research firms have changed their ratings and price targets for Webster Financial (NYSE: WBS):
- 4/24/2024 – Webster Financial had its price target lowered by analysts at Barclays PLC from $70.00 to $65.00. They now have an “overweight” rating on the stock.
- 4/24/2024 – Webster Financial had its price target lowered by analysts at JPMorgan Chase & Co. from $65.00 to $63.00. They now have an “overweight” rating on the stock.
- 4/24/2024 – Webster Financial had its price target lowered by analysts at Royal Bank of Canada from $57.00 to $54.00. They now have an “outperform” rating on the stock.
- 4/24/2024 – Webster Financial had its price target lowered by analysts at Keefe, Bruyette & Woods from $64.00 to $58.00. They now have an “outperform” rating on the stock.
- 4/24/2024 – Webster Financial had its price target lowered by analysts at Citigroup Inc. from $60.00 to $55.00. They now have a “buy” rating on the stock.
- 4/16/2024 – Webster Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
- 4/9/2024 – Webster Financial had its price target lowered by analysts at Royal Bank of Canada from $59.00 to $57.00. They now have an “outperform” rating on the stock.
- 4/8/2024 – Webster Financial had its price target lowered by analysts at Jefferies Financial Group Inc. from $65.00 to $56.00. They now have a “buy” rating on the stock.
- 4/5/2024 – Webster Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
- 3/28/2024 – Webster Financial was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
- 3/26/2024 – Webster Financial had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $64.00 price target on the stock.
- 3/26/2024 – Webster Financial had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $60.00 price target on the stock.
- 3/8/2024 – Webster Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
- 3/8/2024 – Webster Financial is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $70.00 price target on the stock.
Webster Financial Trading Up 1.5 %
Shares of NYSE WBS opened at $45.54 on Thursday. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 0.38 and a beta of 1.33. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50 day simple moving average of $47.97 and a 200 day simple moving average of $46.50. Webster Financial Co. has a 52 week low of $31.03 and a 52 week high of $53.39.
Webster Financial (NYSE:WBS – Get Free Report) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $680.72 million. Webster Financial had a return on equity of 13.05% and a net margin of 22.01%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 EPS. On average, research analysts predict that Webster Financial Co. will post 5.8 earnings per share for the current fiscal year.
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. AE Wealth Management LLC raised its stake in shares of Webster Financial by 49.9% in the third quarter. AE Wealth Management LLC now owns 11,785 shares of the financial services provider’s stock valued at $475,000 after purchasing an additional 3,924 shares in the last quarter. Benin Management CORP acquired a new position in shares of Webster Financial in the third quarter valued at $207,000. Commonwealth Equity Services LLC raised its stake in shares of Webster Financial by 4.2% in the third quarter. Commonwealth Equity Services LLC now owns 86,977 shares of the financial services provider’s stock valued at $3,506,000 after purchasing an additional 3,505 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Webster Financial by 12.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 7,325 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 792 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Webster Financial by 31.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 24,979 shares of the financial services provider’s stock valued at $1,007,000 after purchasing an additional 5,915 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.
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.
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