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

Webster Financial (NYSE:WBS) had its target price upped by Wedbush from $52.00 to $59.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock. 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 several other research reports. JPMorgan Chase & Co. lowered their price target on Webster Financial from $58.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Wells Fargo & Company raised their target price on shares of Webster Financial from $50.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday. Morgan Stanley decreased their price target on shares of Webster Financial from $57.00 to $54.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. Jefferies Financial Group lowered their price target on Webster Financial from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Finally, Barclays boosted their price objective on Webster Financial from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.85.

Webster Financial Stock Down 2.5 %

WBS stock opened at $52.91 on Friday. The firm has a market cap of $9.07 billion, a PE ratio of 10.84, a PEG ratio of 0.88 and a beta of 1.28. Webster Financial has a 1 year low of $36.36 and a 1 year high of $54.38. The company has a fifty day simple moving average of $46.21 and a 200 day simple moving average of $45.33. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45.

Webster Financial (NYSE:WBS) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.34 earnings per share 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 return on equity of 11.03% and a net margin of 18.80%. During the same period in the prior year, the firm earned $1.55 EPS. Sell-side analysts anticipate that Webster Financial will post 5.26 EPS for the current fiscal year.

Insider Activity at Webster Financial

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

Hedge Funds Weigh In On Webster Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Webster Financial by 28.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,522,044 shares of the financial services provider’s stock valued at $240,687,000 after acquiring an additional 1,206,575 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Webster Financial by 64.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,604,198 shares of the financial services provider’s stock valued at $69,927,000 after purchasing an additional 631,080 shares during the period. Bank of Montreal Can boosted its stake in shares of Webster Financial by 1,482.9% in the 2nd quarter. Bank of Montreal Can now owns 339,246 shares of the financial services provider’s stock valued at $14,801,000 after purchasing an additional 317,814 shares during the last quarter. Earnest Partners LLC grew its position in shares of Webster Financial by 11.2% during the 1st quarter. Earnest Partners LLC now owns 3,072,624 shares of the financial services provider’s stock worth $155,997,000 after buying an additional 308,455 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Webster Financial by 12.9% during the second quarter. American Century Companies Inc. now owns 2,640,425 shares of the financial services provider’s stock worth $115,096,000 after buying an additional 301,935 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

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.