Webster Financial (NYSE:WBS) Posts Earnings Results, Misses Expectations By $0.02 EPS

Webster Financial (NYSE:WBSGet Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02), Briefing.com reports. The firm had revenue of $667.10 million during the quarter, compared to analyst estimates of $680.72 million. Webster Financial had a return on equity of 12.55% and a net margin of 21.09%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 earnings per share.

Webster Financial Stock Up 1.5 %

Webster Financial stock opened at $45.54 on Thursday. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 0.37 and a beta of 1.33. The stock has a 50 day moving average of $47.97 and a two-hundred day moving average of $46.50. Webster Financial has a twelve month low of $31.03 and a twelve 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.

Analyst Ratings Changes

A number of equities analysts have weighed in on WBS shares. Keefe, Bruyette & Woods lowered their price objective on Webster Financial from $64.00 to $58.00 and set an “outperform” rating on the stock in a research note on Wednesday. Jefferies Financial Group lowered their price objective on Webster Financial from $65.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Royal Bank of Canada lowered their price objective on Webster Financial from $57.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday. Barclays reduced their target price on Webster Financial from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, StockNews.com downgraded Webster Financial from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.23.

Read Our Latest Stock Analysis on Webster Financial

Insider Transactions at Webster Financial

In other news, insider Daniel Bley sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $47.60, for a total transaction of $95,200.00. Following the completion of the transaction, the insider now directly owns 27,955 shares of the company’s stock, valued at approximately $1,330,658. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Daniel Bley sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $47.60, for a total transaction of $95,200.00. Following the completion of the transaction, the insider now directly owns 27,955 shares of the company’s stock, valued at approximately $1,330,658. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Luis Massiani sold 13,500 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $51.63, for a total value of $697,005.00. Following the transaction, the chief operating officer now directly owns 89,621 shares of the company’s stock, valued at $4,627,132.23. The disclosure for this sale can be found here. In the last three months, insiders sold 25,975 shares of company stock valued at $1,341,095. Corporate insiders own 0.72% of the company’s stock.

About Webster Financial

(Get Free Report)

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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Earnings History for Webster Financial (NYSE:WBS)

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