Analysts expect Webster Financial Co. (NYSE:WBS) to announce $311.21 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Webster Financial’s earnings. The highest sales estimate is $319.87 million and the lowest is $307.20 million. Webster Financial reported sales of $310.29 million during the same quarter last year, which indicates a positive year over year growth rate of 0.3%. The company is scheduled to report its next quarterly earnings report on Thursday, January 23rd.
According to Zacks, analysts expect that Webster Financial will report full-year sales of $1.25 billion for the current fiscal year, with estimates ranging from $1.25 billion to $1.26 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.27 billion, with estimates ranging from $1.24 billion to $1.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Webster Financial.
Webster Financial (NYSE:WBS) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.01). Webster Financial had a net margin of 27.14% and a return on equity of 13.49%. The business had revenue of $310.50 million during the quarter, compared to analyst estimates of $314.65 million. During the same quarter in the prior year, the business earned $0.98 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis.
Webster Financial stock traded up $0.10 during midday trading on Friday, reaching $48.79. The company’s stock had a trading volume of 589,100 shares, compared to its average volume of 578,314. Webster Financial has a fifty-two week low of $42.29 and a fifty-two week high of $60.98. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.65. The company has a market cap of $4.48 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.49 and a beta of 1.30. The business has a 50-day simple moving average of $46.83 and a 200-day simple moving average of $46.99.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Friday, November 8th. Webster Financial’s dividend payout ratio (DPR) is 42.78%.
In other news, Director John Joseph Crawford sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $45.34, for a total transaction of $90,680.00. Following the sale, the director now owns 12,099 shares of the company’s stock, valued at approximately $548,568.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Pettie sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $46.32, for a total value of $185,280.00. Following the sale, the director now directly owns 35,272 shares in the company, valued at approximately $1,633,799.04. The disclosure for this sale can be found here. Insiders have sold a total of 7,000 shares of company stock worth $321,640 in the last three months. Corporate insiders own 1.53% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan raised its holdings in Webster Financial by 1.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 17,060 shares of the financial services provider’s stock valued at $815,000 after acquiring an additional 240 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Webster Financial by 1.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,947 shares of the financial services provider’s stock valued at $982,000 after acquiring an additional 243 shares during the last quarter. Comerica Bank increased its holdings in shares of Webster Financial by 0.5% during the 3rd quarter. Comerica Bank now owns 54,762 shares of the financial services provider’s stock worth $2,431,000 after buying an additional 273 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Webster Financial by 9.6% during the 2nd quarter. Advisory Services Network LLC now owns 3,275 shares of the financial services provider’s stock worth $157,000 after buying an additional 287 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Webster Financial by 4.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,301 shares of the financial services provider’s stock worth $301,000 after buying an additional 288 shares during the last quarter. 90.61% of the stock is currently owned by institutional investors and hedge funds.
Webster Financial Company Profile
Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Community Banking.
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