Webster Financial
About: Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania. The company's segment includes Commercial Banking, HSA Bank, and Consumer Banking. It generates maximum revenue from the Commercial Banking segment.
Employees: 4,261
0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
130% more call options, than puts
Call options by funds: $10.7M | Put options by funds: $4.64M
5% more capital invested
Capital invested by funds: $6.5B [Q2] → $6.82B (+$320M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 7 [Q2] → 7 (+0) [Q3]
1.59% less ownership
Funds ownership: 86.91% [Q2] → 85.32% (-1.59%) [Q3]
4% less funds holding
Funds holding: 447 [Q2] → 430 (-17) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 169
29% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 59
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$54
10%
downside
Avg. target
$62
2%
upside
High target
$70
17%
upside
8 analyst ratings
4 positive
50%
4 neutral
50%
0 negative
0%
Barclays Jared Shaw 57% 1-year accuracy 20 / 35 met price target | 15%upside $69 | Overweight Maintained | 5 Dec 2024 |
Wells Fargo Timur Braziler 61% 1-year accuracy 11 / 18 met price target | 17%upside $70 | Equal-Weight Maintained | 3 Dec 2024 |
Wedbush David Chiaverini 97% 1-year accuracy 38 / 39 met price target | 2%downside $59 | Neutral Maintained | 18 Oct 2024 |
Barclays Jared Shaw 57% 1-year accuracy 20 / 35 met price target | 5%upside $63 | Overweight Maintained | 18 Oct 2024 |
Wells Fargo Timur Braziler 61% 1-year accuracy 11 / 18 met price target | 0%downside $60 | Equal-Weight Maintained | 18 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
4 weeks ago
Webster Lowers Prime Lending Rate to 7.75 Percent
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced today that it has lowered its prime lending rate to 7.75 percent from 8.00 percent, effective November 8, 2024.
Neutral
Business Wire
1 month ago
Webster Financial Corporation Declares Common and Preferred Dividends
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation Declares Common and Preferred Dividends.
Neutral
Zacks Investment Research
1 month ago
Webster Financial Q3 Earnings Miss Estimates, Revenues Decline Y/Y
WBS' third-quarter results reflect lower non-interest income and higher provisions. An increase in NII and lower expenses offer some support.
Positive
Seeking Alpha
1 month ago
Webster Financial: Shares Roar Higher On Solid Outlook, Yet I Retain 'Hold'
Webster Financial stock surged 11.6% on October 17th after Q3 2024 results, despite mixed performance and a previous 'hold' rating. Webster's net interest income dropped 2.7% year-over-year, but deposits and loans increased, showing balance sheet strength. Valuation remains a concern, with a price-to-earnings multiple of 11.3 and return on equity not impressively high.
Neutral
Seeking Alpha
1 month ago
Webster Financial Corporation (WBS) Q3 2024 Earnings Call Transcript
Webster Financial Corporation (NYSE:WBS ) Q3 2024 Earnings Conference Call October 17, 2024 9:00 AM ET Company Participants Emlen Harmon - Director, IR John Ciulla - CEO Neal Holland - CFO Luis Massiani - President and Chief Operating Officer Conference Call Participants Chris McGratty - KBW Jared Shaw - Barclays. Mark Fitzgibbon - Piper Sandler Matthew Breese - Stephens Daniel Tamayo - Raymond James Bernard Von Gizycki - Deutsche Bank Laurie Hunsicker - Seaport Research Partners Samuel Varga - UBS Operator Good morning.
Positive
Zacks Investment Research
1 month ago
Webster Financial (WBS) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Webster Financial (WBS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Negative
Zacks Investment Research
1 month ago
Webster Financial (WBS) Lags Q3 Earnings and Revenue Estimates
Webster Financial (WBS) came out with quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.55 per share a year ago.
Neutral
Business Wire
1 month ago
Marathon Asset Management and Webster Bank Provide Senior Secured Financing for the Acquisition of PK Companies
NEW YORK--(BUSINESS WIRE)--Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of Assets Under Management, and Webster Bank, N.A. (“Webster Bank”), a leading commercial bank in the Northeast with $76 billion in total assets, are pleased to announce the closing of a senior-secured financing to PK Companies Group, LLC (“PK”) to help facilitate the acquisition by DC Capital Partners Management, LP (“DC Capital”). PK's founders reinvested equity in con.
Neutral
Business Wire
1 month ago
Webster Reports Third Quarter 2024 EPS of $1.10; Adjusted EPS of $1.34
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (“Webster”) (NYSE: WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $188.8 million, or $1.10 per diluted share, for the quarter ended September 30, 2024, compared to $222.3 million, or $1.28 per diluted share, for the quarter ended September 30, 2023. Third quarter 2024 results include $56.2 million pre-tax ($41.0 million after tax), or $0.241 per diluted share, of sec.
Positive
Zacks Investment Research
1 month ago
Unlocking Q3 Potential of Webster Financial (WBS): Exploring Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Webster Financial (WBS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
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