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 6,817 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
178% more call options, than puts
Call options by funds: $13.2M | Put options by funds: $4.75M
5% more capital invested
Capital invested by funds: $6.52B [Q2] → $6.86B (+$341M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 7 [Q2] → 7 (+0) [Q3]
1.34% less ownership
Funds ownership: 87.2% [Q2] → 85.86% (-1.34%) [Q3]
4% less funds holding
Funds holding: 449 [Q2] → 432 (-17) [Q3]
13% less repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 171
23% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 53
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$59
1%
upside
Avg. target
$68
16%
upside
High target
$76
31%
upside
6 analyst ratings
5 positive
83%
1 neutral
17%
0 negative
0%
JP Morgan Anthony Elian 38% 1-year accuracy 5 / 13 met price target | 12%upside $65 | Overweight Maintained | 7 Jan 2025 |
Wells Fargo Timur Braziler 46% 1-year accuracy 13 / 28 met price target | 29%upside $75 | Overweight Upgraded | 6 Jan 2025 |
UBS Nicholas Holowko 13% 1-year accuracy 1 / 8 met price target | 31%upside $76 | Buy Assumed | 17 Dec 2024 |
Barclays Jared Shaw 61% 1-year accuracy 43 / 70 met price target | 19%upside $69 | Overweight Maintained | 5 Dec 2024 |
Wedbush David Chiaverini 61% 1-year accuracy 30 / 49 met price target | 1%upside $59 | Neutral Maintained | 18 Oct 2024 |
Financial journalist opinion
Based on 7 articles about WBS published over the past 30 days
Neutral
Zacks Investment Research
1 day ago
Curious about Webster Financial (WBS) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Evaluate the expected performance of Webster Financial (WBS) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Negative
Zacks Investment Research
5 days ago
Earnings Preview: Webster Financial (WBS) Q4 Earnings Expected to Decline
Webster Financial (WBS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
1 week ago
Webster Financial Corporation Announces Q4 2024 Earnings Release and Conference Call
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Announces Q42024 Earnings Release and Conference Call.
Negative
Seeking Alpha
1 week ago
Webster Financial: Risks Are Exaggerated
Webster Financial Corporation, founded in 1935, operates primarily in Connecticut, Massachusetts, Rhode Island, and New York through its subsidiary, Webster Bank. The bank has some meaningful exposure to CRE and multifamily loans, but the credit risks don't seem as high as the stock price would have you believe. Based on guidance, the operating results should improve, and the current rate trajectory coupled with the bank's balance sheet positioning reflects no pressure on NII from repricing.
Positive
Zacks Investment Research
1 week ago
Webster Financial Rides on Top-Line Growth Amid Higher Expenses
WBS' acquisitions, solid loan & deposit growth and rising NII and fee income support its top-line expansion. Yet, an elevated cost base is a concern.
Neutral
Business Wire
4 weeks ago
Webster Lowers Prime Lending Rate to 7.50 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 7.50 percent from 7.75 percent, effective December 19, 2024. About Webster Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. Webster is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiate.
Positive
Benzinga
4 weeks ago
How To Invest $1,000 In Regional Banks For 2025: Top Wall Street Analyst Reveals His Top Picks
Regional bank stocks have been on a tear since the 2024 U.S. election, with the SPDR S&P Regional Banking ETF KRE climbing about 10% versus the broader S&P 500's 5% gain.
Neutral
Business Wire
2 months 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
2 months 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
2 months 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.
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