Webster Financial (WBS) Getting Somewhat Positive Media Coverage, Study Shows

News coverage about Webster Financial (NYSE:WBS) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Webster Financial earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 47.6648606610375 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of analysts recently commented on the stock. Wells Fargo & Co restated a “market perform” rating and set a $60.00 price target (up from $55.00) on shares of Webster Financial in a research note on Tuesday, January 9th. Zacks Investment Research cut shares of Webster Financial from a “buy” rating to a “hold” rating and set a $63.00 price target on the stock. in a research note on Saturday, January 6th. Piper Jaffray Companies upgraded shares of Webster Financial from an “underweight” rating to a “neutral” rating and set a $55.00 price target on the stock in a research note on Friday, January 5th. Barclays upped their price target on shares of Webster Financial from $55.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $71.00 price target on shares of Webster Financial in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.67.

Shares of Webster Financial (NYSE:WBS) traded down $0.59 during mid-day trading on Tuesday, hitting $58.99. 715,826 shares of the company were exchanged, compared to its average volume of 531,170. The stock has a market cap of $5,580.00, a PE ratio of 23.22, a P/E/G ratio of 2.31 and a beta of 1.22. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.69. Webster Financial has a 12 month low of $44.04 and a 12 month high of $59.86.

Webster Financial (NYSE:WBS) last posted its earnings results 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 had a net margin of 21.09% and a return on equity of 9.89%. The business had revenue of $266.75 million for the quarter, compared to analysts’ expectations of $269.03 million. During the same period in the prior year, the company posted $0.54 EPS. sell-side analysts anticipate that Webster Financial will post 2.6 EPS for the current fiscal year.

In other Webster Financial news, Director Karen R. Osar sold 12,923 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $54.70, for a total value of $706,888.10. Following the sale, the director now directly owns 36,984 shares in the company, valued at approximately $2,023,024.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel Bley sold 1,486 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $54.74, for a total transaction of $81,343.64. Following the completion of the sale, the executive vice president now owns 25,547 shares in the company, valued at $1,398,442.78. The disclosure for this sale can be found here. Insiders sold a total of 36,107 shares of company stock worth $1,988,452 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Webster Financial (NYSE:WBS)

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