News articles about Webster Financial Corporation (NYSE:WBS) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Webster Financial Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.9366769383029 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Webster Financial Corporation (WBS) Director Karen R. Osar Sells 12,923 Shares (americanbankingnews.com)
- Insider Selling: Webster Financial Corporation (WBS) Chairman Sells 8,943 Shares of Stock (americanbankingnews.com)
- Webster Financial Corporation (WBS) EVP Sells $68,615.82 in Stock (americanbankingnews.com)
- Webster Financial Corporation (WBS) Expected to Announce Earnings of $0.66 Per Share (americanbankingnews.com)
- Insider Selling: Webster Financial Corporation (WBS) EVP Sells 1,486 Shares of Stock (americanbankingnews.com)
Webster Financial Corporation (NYSE:WBS) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. Webster Financial Corporation had a return on equity of 9.89% and a net margin of 21.09%. The business had revenue of $266.75 million during the quarter, compared to analyst estimates of $269.03 million. During the same period last year, the company earned $0.54 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.26 per share. The ex-dividend date is Monday, November 6th. This represents a $1.04 annualized dividend and a yield of 1.89%. Webster Financial Corporation’s dividend payout ratio (DPR) is currently 41.11%.
Several equities analysts recently commented on WBS shares. Barclays PLC set a $55.00 target price on Webster Financial Corporation and gave the company a “hold” rating in a research note on Friday, October 20th. Boenning Scattergood reiterated a “hold” rating on shares of Webster Financial Corporation in a research note on Friday, October 20th. Zacks Investment Research upgraded Webster Financial Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Saturday, July 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $63.00 target price on shares of Webster Financial Corporation in a research note on Friday, October 20th. Finally, ValuEngine upgraded Webster Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $54.11.
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In related news, EVP Daniel Bley sold 1,486 shares of Webster Financial Corporation stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $54.74, for a total transaction of $81,343.64. Following the sale, the executive vice president now directly owns 25,547 shares of the company’s stock, valued at $1,398,442.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman James Copenhaver Smith sold 8,943 shares of Webster Financial Corporation stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $55.93, for a total value of $500,181.99. Following the sale, the chairman now directly owns 316,103 shares in the company, valued at $17,679,640.79. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,107 shares of company stock worth $1,988,452. 2.20% of the stock is currently owned by company insiders.
Webster Financial Corporation Company Profile
Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.
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