Headlines about Webster Financial (NYSE:WBS) have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Webster Financial earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 47.6648606610375 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Jefferies Group Analysts Raise Earnings Estimates for Webster Financial Co. (WBS) (americanbankingnews.com)
- Webster Financial Corporation Announces Fourth Quarter 2017 Earnings Release and Conference Call (finance.yahoo.com)
- Webster Financial Co. Forecasted to Post FY2018 Earnings of $3.28 Per Share (WBS) (americanbankingnews.com)
- Brokerages Anticipate Webster Financial Co. (WBS) Will Announce Earnings of $0.66 Per Share (americanbankingnews.com)
- Webster Financial (WBS) Upgraded by Piper Jaffray Companies to “Neutral” (americanbankingnews.com)
WBS has been the subject of a number of research reports. Deutsche Bank increased their target price on Webster Financial from $51.00 to $53.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Zacks Investment Research downgraded Webster Financial from a “buy” rating to a “hold” rating and set a $63.00 target price for the company. in a research report on Saturday, January 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $71.00 target price on shares of Webster Financial in a research report on Friday, December 22nd. ValuEngine downgraded Webster Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Barclays increased their target price on Webster Financial from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Webster Financial has an average rating of “Hold” and a consensus price target of $58.67.
Webster Financial (NYSE:WBS) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.03. Webster Financial had a return on equity of 9.89% and a net margin of 21.09%. The company had revenue of $266.75 million for the quarter, compared to analyst estimates of $269.03 million. During the same quarter in the prior year, the firm posted $0.54 EPS. equities analysts expect that Webster Financial will post 2.6 EPS for the current fiscal year.
In related news, Director Karen R. Osar sold 12,923 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $54.70, for a total transaction of $706,888.10. Following the sale, the director now owns 36,984 shares in the company, valued at approximately $2,023,024.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman James Copenhaver Smith sold 8,943 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $55.93, for a total value of $500,181.99. Following the sale, the chairman now owns 316,103 shares in the company, valued at approximately $17,679,640.79. The disclosure for this sale can be found here. Insiders have sold a total of 36,107 shares of company stock worth $1,988,452 in the last 90 days. 2.20% of the stock is currently owned by insiders.
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About Webster Financial
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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