Webster Financial (NYSE:WBS) Price Target Raised to $59.00

Webster Financial (NYSE:WBS) had its target price hoisted by research analysts at Wedbush from $52.00 to $59.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Wedbush’s price target suggests a potential upside of 11.51% from the company’s previous close. Wedbush also issued estimates for Webster Financial’s Q1 2025 earnings at $1.34 EPS, Q2 2025 earnings at $1.41 EPS, Q4 2025 earnings at $1.58 EPS, FY2025 earnings at $5.85 EPS and FY2026 earnings at $6.60 EPS.

WBS has been the topic of a number of other reports. Royal Bank of Canada boosted their target price on shares of Webster Financial from $57.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday. Morgan Stanley decreased their price objective on shares of Webster Financial from $57.00 to $54.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. Wells Fargo & Company lifted their target price on Webster Financial from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday. Keefe, Bruyette & Woods reduced their price target on Webster Financial from $58.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, July 9th. Finally, Jefferies Financial Group dropped their price objective on Webster Financial from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $57.85.

Webster Financial Stock Down 2.5 %

Shares of NYSE WBS opened at $52.91 on Friday. The stock has a fifty day moving average price of $46.21 and a 200 day moving average price of $45.33. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.44. Webster Financial has a 12-month low of $36.36 and a 12-month high of $54.38. The company has a market cap of $9.07 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.81 and a beta of 1.28.

Webster Financial (NYSE:WBS) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The company had revenue of $647.62 million during the quarter, compared to analyst estimates of $677.72 million. Webster Financial had a net margin of 19.81% and a return on equity of 11.81%. During the same quarter last year, the business posted $1.55 EPS. Research analysts anticipate that Webster Financial will post 5.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Charles L. Wilkins sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $49.07, for a total value of $245,350.00. Following the transaction, the insider now directly owns 45,157 shares in the company, valued at approximately $2,215,853.99. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Jason A. Soto sold 1,650 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $46.32, for a total transaction of $76,428.00. Following the completion of the transaction, the insider now directly owns 20,539 shares of the company’s stock, valued at approximately $951,366.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles L. Wilkins sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $49.07, for a total value of $245,350.00. Following the completion of the sale, the insider now directly owns 45,157 shares in the company, valued at approximately $2,215,853.99. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Webster Financial by 0.3% during the first quarter. Vanguard Group Inc. now owns 17,926,270 shares of the financial services provider’s stock valued at $910,117,000 after acquiring an additional 54,841 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Webster Financial by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,237,482 shares of the financial services provider’s stock worth $316,678,000 after acquiring an additional 95,780 shares during the period. Dimensional Fund Advisors LP lifted its position in Webster Financial by 28.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,522,044 shares of the financial services provider’s stock valued at $240,687,000 after purchasing an additional 1,206,575 shares during the last quarter. Earnest Partners LLC boosted its stake in Webster Financial by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 3,086,111 shares of the financial services provider’s stock valued at $134,524,000 after purchasing an additional 13,487 shares during the period. Finally, American Century Companies Inc. grew its position in Webster Financial by 12.9% in the 2nd quarter. American Century Companies Inc. now owns 2,640,425 shares of the financial services provider’s stock worth $115,096,000 after purchasing an additional 301,935 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.

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.