Webster Financial Corporation C (NYSE:WBS):
Webster Reports 2016 Third Quarter Earnings.
The company is down from yesterday’s close of $40.53.
Webster Financial Corporation C recently declared a dividend for shareholders paid on Monday the 22nd of August 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 last traded at $40.23 which is just a bit higher than $38.26, the stock’s 50 day moving average and just above the 200 day moving average of $36.96. The 50 day moving average moved up $1.97 and the 200 day average moved up $3.27.
Webster Financial Corporation C currently has a P/E ratio of 19.07 and the market cap of the company is 3.69B. In the last earnings report the EPS was $2.11 and is estimated to be $2.12 for the current year with 91,686,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.54 and the next full year EPS is projected to be $2.33.
Several brokerages have released ratings on WBS. October 11 investment analysts at Deutsche Bank made no change to the stock rating of “Buy” and raised the price target to $43.00 from $42.00. On September 15 Deutsche Bank held the stock rating at “Buy” and moved up the price target from $39.00 to $42.00.
On July 7 JP Morgan maintained a company rating of “Overweight” but lowered the price target to $38.00 from $45.00. On March 21 Barclays left the company rating at “Overweight” but lowered the price expectation from $42.00 to $40.00.
On February 24 Deutsche Bank kept the company rating at “Buy” but moved down the price target from $40.00 to $39.00. On January 15 the stock rating was upgraded from “Neutral” to “Buy” in an announcement from Goldman Sachs.