Q4 2024 EPS Estimates for Webster Financial Co. (NYSE:WBS) Lowered by Seaport Res Ptn

Webster Financial Co. (NYSE:WBS) – Seaport Res Ptn dropped their Q4 2024 earnings per share estimates for Webster Financial in a research report issued to clients and investors on Wednesday, April 24th. Seaport Res Ptn analyst L. Hunsicker now anticipates that the financial services provider will post earnings of $1.47 per share for the quarter, down from their previous estimate of $1.60. The consensus estimate for Webster Financial’s current full-year earnings is $5.76 per share. Seaport Res Ptn also issued estimates for Webster Financial’s Q1 2025 earnings at $1.51 EPS and Q2 2025 earnings at $1.54 EPS.

Webster Financial (NYSE:WBS) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The business had revenue of $667.10 million for the quarter, compared to analysts’ expectations of $680.72 million. Webster Financial had a net margin of 21.09% and a return on equity of 12.55%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 earnings per share.

WBS has been the topic of several other reports. Barclays reduced their price target on Webster Financial from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday. Raymond James reissued an “outperform” rating and issued a $60.00 price target on shares of Webster Financial in a research report on Tuesday, March 26th. Jefferies Financial Group reduced their price target on shares of Webster Financial from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Keefe, Bruyette & Woods reduced their target price on shares of Webster Financial from $64.00 to $58.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Bank of America initiated coverage on shares of Webster Financial in a report on Thursday, January 11th. They set a “buy” rating and a $60.00 price target on the stock. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.23.

Webster Financial Stock Down 0.1 %

Shares of NYSE WBS opened at $45.48 on Thursday. Webster Financial has a 12 month low of $31.03 and a 12 month high of $53.39. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.37 and a beta of 1.33. The business has a 50-day moving average of $47.94 and a 200-day moving average of $46.49.

Hedge Funds Weigh In On Webster Financial

Several hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Webster Financial by 29.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,114 shares of the financial services provider’s stock valued at $57,000 after buying an additional 255 shares during the period. DekaBank Deutsche Girozentrale grew its position in Webster Financial by 1.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,924 shares of the financial services provider’s stock valued at $785,000 after acquiring an additional 263 shares during the last quarter. Spire Wealth Management grew its position in Webster Financial by 79.1% in the 4th quarter. Spire Wealth Management now owns 607 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 268 shares during the last quarter. Mariner LLC increased its stake in Webster Financial by 2.4% in the third quarter. Mariner LLC now owns 13,812 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 320 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in shares of Webster Financial by 2.5% during the third quarter. Teacher Retirement System of Texas now owns 13,537 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 332 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.

Insider Activity at Webster Financial

In other news, insider Christopher J. Motl sold 10,475 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $52.40, for a total transaction of $548,890.00. Following the completion of the transaction, the insider now directly 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 can be accessed through this hyperlink. In related news, COO Luis Massiani sold 13,500 shares of the stock in a transaction 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 sale, the chief operating officer now owns 89,621 shares in the company, valued at approximately $4,627,132.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher J. Motl sold 10,475 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $52.40, for a total value of $548,890.00. Following the completion of the sale, the insider now owns 63,306 shares of the company’s stock, valued at $3,317,234.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,975 shares of company stock valued at $1,341,095. Insiders own 0.72% of the company’s stock.

Webster Financial Company Profile

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.