News articles about Webster Financial (NYSE:WBS) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Webster Financial earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 47.9504989328191 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Webster Financial Co. (WBS) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Contrasting Umpqua (UMPQ) & Webster Financial (WBS) (americanbankingnews.com)
- Webster Financial (WBS) Rating Reiterated by Boenning Scattergood (americanbankingnews.com)
- Traders Buy High Volume of Webster Financial Call Options (WBS) (americanbankingnews.com)
- Webster Financial (WBS) Set to Announce Quarterly Earnings on Tuesday (americanbankingnews.com)
A number of brokerages have recently commented on WBS. Boenning Scattergood reissued a “hold” rating on shares of Webster Financial in a report on Thursday. Wells Fargo & Co reissued a “market perform” rating and set a $60.00 price target (up from $55.00) on shares of Webster Financial in a report on Tuesday, January 9th. ValuEngine lowered Webster Financial from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research lowered Webster Financial from a “buy” rating to a “hold” rating and set a $63.00 price target on the stock. in a report on Saturday, January 6th. Finally, Barclays raised their price target on Webster Financial from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $59.25.
Webster Financial (NYSE:WBS) last announced its 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 business had revenue of $266.75 million during the quarter, compared to analysts’ expectations of $269.03 million. During the same quarter last year, the business posted $0.54 earnings per share. equities analysts forecast that Webster Financial will post 2.6 EPS for the current fiscal year.
In related news, Chairman James Copenhaver Smith sold 8,943 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $55.93, for a total transaction of $500,181.99. Following the completion of the transaction, the chairman now owns 316,103 shares of the company’s stock, valued at $17,679,640.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Karen R. Osar sold 12,923 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $54.70, for a total value of $706,888.10. Following the transaction, the director now directly owns 36,984 shares of the company’s stock, valued at approximately $2,023,024.80. The disclosure for this sale can be found here. Insiders have sold 36,107 shares of company stock valued at $1,988,452 in the last ninety days. Company insiders own 2.20% of the company’s stock.
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Webster Financial 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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