Media headlines about Webster Financial (NYSE:WBS) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Webster Financial earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.5755712072732 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
WBS has been the topic of a number of recent research reports. Wells Fargo & Co reaffirmed a “market perform” rating and set a $60.00 price objective (up previously from $55.00) on shares of Webster Financial in a research report on Tuesday, January 9th. ValuEngine downgraded Webster Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Morgan Stanley raised their price objective on Webster Financial from $54.00 to $56.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. Deutsche Bank increased their price target on Webster Financial from $51.00 to $53.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Webster Financial in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $59.82.
Webster Financial (NYSE:WBS) traded down $0.57 during trading on Tuesday, reaching $56.61. The company’s stock had a trading volume of 483,402 shares, compared to its average volume of 541,941. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.82 and a current ratio of 0.82. Webster Financial has a 52 week low of $44.04 and a 52 week high of $60.32. The stock has a market capitalization of $5,266.33, a PE ratio of 21.28, a PEG ratio of 2.12 and a beta of 1.15.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, February 12th. Webster Financial’s payout ratio is 39.10%.
In other news, EVP Daniel Bley sold 2,917 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $58.27, for a total value of $169,973.59. Following the completion of the transaction, the executive vice president now directly owns 19,804 shares in the company, valued at $1,153,979.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark Pettie sold 3,291 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $56.34, for a total value of $185,414.94. Following the completion of the transaction, the director now owns 16,405 shares of the company’s stock, valued at $924,257.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,272 shares of company stock valued at $629,959. Company insiders own 2.20% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Webster Financial (WBS) Getting Somewhat Favorable News Coverage, Study Shows” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.chaffeybreeze.com/2018/02/21/webster-financial-wbs-getting-somewhat-favorable-news-coverage-study-shows.html.
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.
Receive News & Ratings for Webster Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Webster Financial and related companies with MarketBeat.com's FREE daily email newsletter.