Webster Financial
WBS
Market cap $10.6B

61.76 USD

+1.27

2.10%

At close Nov 22, 4:00 PM EST

After hours

61.76

+0.00

0.00%

1 day

2.10%

5 days

2.59%

1 month

18.91%

3 months

37.03%

6 months

36.88%

Year to date

20.46%

1 year

43.26%

5 years

29.26%

10 years

93.48%

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

Financials National Commercial Banks

0

Funds holding %

of 6,763 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

130% more call options, than puts

Call options by funds: $10.7M | Put options by funds: $4.64M

5% more capital invested

Capital invested by funds: $6.5B [Q2] → $6.81B (+$318M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q2] → 7 (+0) [Q3]

1.6% less ownership

Funds ownership: 86.91% [Q2] → 85.31% (-1.6%) [Q3]

4% less funds holding

Funds holding: 447 [Q2] → 429 (-18) [Q3]

13% less repeat investments, than reductions

Existing positions increased: 147 | Existing positions reduced: 169

30% less first-time investments, than exits

New positions opened: 42 | Existing positions closed: 60

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$54

13%

downside

Avg. target

$59

5%

downside

High target

$63

2%

upside

6 analyst ratings

3 positive

50%

3 neutral

50%

0 negative

0%

Wedbush David Chiaverini 86% 1-year accuracy 42 / 49 met price target	4%downside $59	Neutral Maintained	18 Oct 2024
Barclays Jared Shaw 68% 1-year accuracy 38 / 56 met price target	2%upside $63	Overweight Maintained	18 Oct 2024
Wells Fargo Timur Braziler 65% 1-year accuracy 11 / 17 met price target	3%downside $60	Equal-Weight Maintained	18 Oct 2024
RBC Capital Jon Arfstrom 96% 1-year accuracy 50 / 52 met price target	0%upside $62	Outperform Maintained	18 Oct 2024
JP Morgan Steven Alexopoulos 72% 1-year accuracy 36 / 50 met price target	11%downside $55	Overweight Maintained	9 Oct 2024

See Analyst Rankings

Financial journalist opinion

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.

Webster Lowers Prime Lending Rate to 7.75 Percent

Webster Financial Corporation Declares Common and Preferred Dividends

STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation Declares Common and Preferred Dividends.

Webster Financial Corporation Declares Common and Preferred Dividends

Zacks Investment Research

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.

Webster Financial Q3 Earnings Miss Estimates, Revenues Decline Y/Y

Webster Financial: Shares Roar Higher On Solid Outlook, Yet I Retain 'Hold'

Webster Financial stock surged 11.6% on October 17th after Q3 2024 results, despite mixed performance and a previous 'hold' rating. Webster's net interest income dropped 2.7% year-over-year, but deposits and loans increased, showing balance sheet strength. Valuation remains a concern, with a price-to-earnings multiple of 11.3 and return on equity not impressively high.

Webster Financial: Shares Roar Higher On Solid Outlook, Yet I Retain 'Hold'

Webster Financial Corporation (WBS) Q3 2024 Earnings Call Transcript

Webster Financial Corporation (NYSE:WBS ) Q3 2024 Earnings Conference Call October 17, 2024 9:00 AM ET Company Participants Emlen Harmon - Director, IR John Ciulla - CEO Neal Holland - CFO Luis Massiani - President and Chief Operating Officer Conference Call Participants Chris McGratty - KBW Jared Shaw - Barclays. Mark Fitzgibbon - Piper Sandler Matthew Breese - Stephens Daniel Tamayo - Raymond James Bernard Von Gizycki - Deutsche Bank Laurie Hunsicker - Seaport Research Partners Samuel Varga - UBS Operator Good morning.

Webster Financial Corporation (WBS) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Webster Financial (WBS) Reports Q3 Earnings: What Key Metrics Have to Say

The headline numbers for Webster Financial (WBS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Webster Financial (WBS) Reports Q3 Earnings: What Key Metrics Have to Say

Zacks Investment Research

Webster Financial (WBS) Lags Q3 Earnings and Revenue Estimates

Webster Financial (WBS) came out with quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.55 per share a year ago.

Webster Financial (WBS) Lags Q3 Earnings and Revenue Estimates

Marathon Asset Management and Webster Bank Provide Senior Secured Financing for the Acquisition of PK Companies

NEW YORK--(BUSINESS WIRE)--Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of Assets Under Management, and Webster Bank, N.A. (“Webster Bank”), a leading commercial bank in the Northeast with $76 billion in total assets, are pleased to announce the closing of a senior-secured financing to PK Companies Group, LLC (“PK”) to help facilitate the acquisition by DC Capital Partners Management, LP (“DC Capital”). PK's founders reinvested equity in con.

Marathon Asset Management and Webster Bank Provide Senior Secured Financing for the Acquisition of PK Companies

Webster Reports Third Quarter 2024 EPS of $1.10; Adjusted EPS of $1.34

STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (“Webster”) (NYSE: WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $188.8 million, or $1.10 per diluted share, for the quarter ended September 30, 2024, compared to $222.3 million, or $1.28 per diluted share, for the quarter ended September 30, 2023. Third quarter 2024 results include $56.2 million pre-tax ($41.0 million after tax), or $0.241 per diluted share, of sec.

Webster Reports Third Quarter 2024 EPS of $1.10; Adjusted EPS of $1.34

Zacks Investment Research

Unlocking Q3 Potential of Webster Financial (WBS): Exploring Wall Street Estimates for Key Metrics

Besides Wall Street's top -and-bottom-line estimates for Webster Financial (WBS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Unlocking Q3 Potential of Webster Financial (WBS): Exploring Wall Street Estimates for Key Metrics

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