Webster Financial Corporation C (NYSE:WBS):
Webster Financial Corporation Declares Common Dividend.
The company is so far trading down by -0.74% since yesterday’s close of $40.53.
Webster Financial Corporation C also declared a dividend that was paid on Monday August 22nd, 2016. The dividend payment was $0.250 per share for the quarter which is $1.00 annualized. This dividend amount was represent a yeild of $2.51. The ex-dividend date was set for Thursday the 4th of August 2016.
Shares are trading at $40.23 which is slightly above $38.26, the 50 day moving average and a tad above the 200 day moving average of $36.96. The 50 day moving average was up $1.97 whereas the 200 day moving average was up $3.27 or +8.85%.
The company currently has a P/E ratio of 19.07 and market capitalization is 3.69B. As of the last earnings report the EPS was $2.11 and is projected to be $2.12 for the current year with 91,686,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.54 with next year’s EPS anticipated to be $2.33.
Several brokerages have weighed in on the stock of late. October 11 investment analysts at Deutsche Bank kept the company rating at “Buy” and moved up the price target to $43.00 from $42.00. On September 15 Deutsche Bank held the stock rating at “Buy” but raised the price target from $39.00 to $42.00.
July 7 investment analysts at JP Morgan maintained a company rating of “Overweight” and lowered the price expectation to $38.00 from $45.00. On March 21 Barclays left the company rating at “Overweight” and lowered the price target from $42.00 to $40.00.
On February 24 Deutsche Bank maintained a stock rating of “Buy” but lowered the price expectation to $39.00 from $40.00. On January 15 the stock rating was upgraded to “Buy” from “Neutral” by Goldman Sachs.