Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Community Banking. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services. This segment also offers asset management, financial planning and trust services, and deposit and loan products for high net worth clients, not-for-profit organizations, and business clients. The HSA Bank segment offers health savings accounts, health reimbursement accounts, flexible spending accounts, and other financial solutions to employers for the benefit of their employees and individuals. The Community Banking segment offers deposit and fee-based services, residential mortgages, home equity lines or loans, unsecured consumer loans, and credit cards to consumers, as well as investment and securities-related services, including brokerage and investment advice through a strategic partnership with LPL Financial Holdings Inc. This segment also provides credit, deposit, and cash flow management products to businesses and professional service firms. The company also offers online and mobile banking services. As of February 12, 2021, it operated 155 banking centers and 297 ATMs. Webster Financial Corporation was founded in 1935 and is headquartered in Waterbury, Connecticut.
IPO Year:
Exchange: NYSE
Website: public.websteronline.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/5/2024 | $54.00 → $57.00 | Overweight → Equal-Weight | Morgan Stanley |
| 3/8/2024 | $70.00 | Overweight | Barclays |
| 1/24/2024 | $60.00 → $65.00 | Neutral → Overweight | JP Morgan |
| 1/11/2024 | $60.00 | Buy | BofA Securities |
| 12/1/2023 | $51.00 | Buy | Citigroup |
| 9/12/2023 | $56.00 | Buy | Seaport Research Partners |
| 5/25/2023 | $47.00 | Buy | Deutsche Bank |
| 3/15/2023 | $56.00 | Buy | UBS |
| 12/5/2022 | $70.00 | Overweight | Morgan Stanley |
| 11/4/2022 | $60.00 | Outperform | Raymond James |
Across the recent three months, 5 analysts have shared their insights on Webster Finl (NYSE:WBS), expressing a variety of opinions spanning from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 1 3 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $55.0, a high estimate of $60.00, and a low es
RBC Capital analyst Jon Arfstrom maintains Webster Finl (NYSE:WBS) with a Outperform and lowers the price target from $54 to $51.
Webster Finl (NYSE:WBS) reported quarterly earnings of $1.26 per share which missed the analyst consensus estimate of $1.34 by 5.97 percent. This is a 16 percent decrease over earnings of $1.50 per share from the same period last year. The company reported quarterly sales of $572.30 million which missed the analyst consensus estimate of $589.41 million by 2.90 percent. This is a 1.98 percent decrease over sales of $583.83 million the same period last year.
Neal Holland to assume CFO role following Glenn MacInnes' retirementFormer OCC Deputy Comptroller Bill Haas joins Board of DirectorsWebster Financial Corporation (NYSE:WBS) ("Webster" or "the Company"), the holding company, for Webster Bank, N.A., (the "Bank") announced its Board of Directors approved both the appointment of William (Neal) Holland, as Executive Vice President, Finance of both the Company and the Bank, and the election of William (Bill) Haas, as a new non-management member of the Board of Directors of the Company and the Bank.In addition, the Board of Directors also appointed Holland as the Chief Financial Officer (CFO) for the Company and the Bank to be effective following c
Keefe, Bruyette & Woods analyst Christopher Mcgratty maintains Webster Finl (NYSE:WBS) with a Outperform and lowers the price target from $58 to $55.
Jefferies analyst Ken Usdin maintains Webster Finl (NYSE:WBS) with a Buy and lowers the price target from $56 to $51.
Synergistic and strategic partnership will finance middle market companies of private equity sponsorsWebster Financial Corporation, the holding company for Webster Bank, N.A. ("Webster Bank"), a top performing commercial bank with $76 billion in assets, and Marathon Asset Management, L.P. ("Marathon"), a leading global credit manager with $23 billion in assets under management, today announced they are forming a private credit joint venture, which will deliver direct lending solutions to sponsor-backed middle market companies.
JP Morgan analyst Steven Alexopoulos maintains Webster Finl (NYSE:WBS) with a Overweight and lowers the price target from $63 to $58.
During the last three months, 8 analysts shared their evaluations of Webster Finl (NYSE:WBS), revealing diverse outlooks from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 6 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 5 0 0 0 Analysts have set 12-month price targets for Webster Finl, revealing an average target of $58.5, a high estimate of $65.00, and a low estimate of $54.00. Experiencing a 7.32% decline, the current average is now l
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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 $79 billion in total assets, are pleased to announce the closing of a senior-secured financing agreement for Sunbelt Modular, Inc. ("Sunbelt" or the "Company") to support its acquisition by funds advised by Littlejohn & Co., LLC ("Littlejohn"). Sunbelt is a leading designer and manufacturer of modular building solutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121900814/en/ Founded over 45 years ago, Sunbel
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. About Webster Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. Webster is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and Healthcare Financial Services, one of the country's largest providers of employee benefits and administration of medical insurance claim settlements solutions. Headquartere
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable Nov. 12, 2024, to shareholders of record as of Nov. 1, 2024. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable Dec. 16, 2024, to shareholders of record on Dec. 1, 2024. On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each deposita
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 conjunction with this transaction. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241017029314/en/ Founded in 2004, PK specializes in non-discretionary, regulatory driv
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 securities repositioning net losses, strategic restructuring costs, and other adjustments. Excluding these items, adjusted earnings per diluted share would have been $1.341 for the quarter ended September 30, 2024. "Webster delivered so
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., today announced the following details for its third quarter 2024 earnings release and conference call: Earnings Release: Thursday, October 17, 2024, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, October 17, 2024, at 9:00 a.m. (Eastern) Dial-in number: Toll Free: 888-330-2446; or International Callers: +1-240-789-2732 Passcode: 8607257 Webcast: Via Webster's Investor Relations website at investors.websterbank.com Webcast replay: Will be available shortly after the call's completion, also at investors.websterbank.co
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced today that it has lowered its prime lending rate to 8.00 percent from 8.50 percent, effective September 19, 2024. About Webster Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. Webster is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and Healthcare Financial Services, one of the country's largest providers of employee benefits and administration of medical insurance claim settlements solutions. Headquarte
Webster Financial Corporation ("Webster") (NYSE:WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $177.5 million, or $1.03 per diluted share, for the quarter ended June 30, 2024, compared to $230.8 million, or $1.32 per diluted share, for the quarter ended June 30, 2023. Second quarter 2024 results include $49.9 million pre-tax ($38.7 million after tax), or $0.231 per diluted share, of net securities repositioning losses. Excluding this item, adjusted earnings per diluted share would have been $1.261 for the quarter ended June 30, 2024. "Webster continues to generate steady balance sheet growth in a challenging environment,"
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable Aug. 8, 2024, to shareholders of record as of July 29, 2024. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable Sept. 16, 2024, to shareholders of record on Sept. 1, 2024. On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each dep
Neal Holland to assume CFO role following Glenn MacInnes' retirement Former OCC Deputy Comptroller Bill Haas joins Board of Directors Webster Financial Corporation (NYSE:WBS) ("Webster" or "the Company"), the holding company, for Webster Bank, N.A., (the "Bank") announced its Board of Directors approved both the appointment of William (Neal) Holland, as Executive Vice President, Finance of both the Company and the Bank, and the election of William (Bill) Haas, as a new non-management member of the Board of Directors of the Company and the Bank. In addition, the Board of Directors also appointed Holland as the Chief Financial Officer (CFO) for the Company and the Bank to be effective f
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Neal Holland to assume CFO role following Glenn MacInnes' retirement Former OCC Deputy Comptroller Bill Haas joins Board of Directors Webster Financial Corporation (NYSE:WBS) ("Webster" or "the Company"), the holding company, for Webster Bank, N.A., (the "Bank") announced its Board of Directors approved both the appointment of William (Neal) Holland, as Executive Vice President, Finance of both the Company and the Bank, and the election of William (Bill) Haas, as a new non-management member of the Board of Directors of the Company and the Bank. In addition, the Board of Directors also appointed Holland as the Chief Financial Officer (CFO) for the Company and the Bank to be effective f
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that Kristy Berner has been appointed Executive Vice President, General Counsel and Corporate Secretary of Webster Financial Corporation and Webster Bank. She will lead all of Webster's corporate legal services. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230919111813/en/Kristy Berner, Executive Vice President, General Counsel and Corporate Secretary, Webster Bank and Webster Financial Corporation (Photo: Business Wire) Berner has more than twenty years' experience in the financial services industry,
Bea Ordonez to be Successor for Michael Levine Payoneer Global Inc. ("Payoneer" or the "Company") (NASDAQ:PAYO), the financial technology company empowering the world's small businesses to transact, do business and grow globally, today announced the appointment of Bea Ordonez as the Company's Deputy Chief Financial Officer, effective January 16, 2023. Michael Levine, Payoneer's current CFO, will step down from his position in March 2023 at which time it is our expectation that the Board of Directors of the Company will appoint Ordonez as CFO, and she would report to Co-CEO John Caplan. "On behalf of John and everyone at Payoneer, I would like to express my sincere gratitude to Michael for
Appoints Industry Veterans Thomas X. Geisel as CEO and Michael W. Harrington as CFO Republic First Bancorp, Inc. (NASDAQ:FRBK) ("Republic First" or the "Company"), the holding company for Republic First Bank d/b/a Republic Bank, today announced several leadership changes. Thomas ("Tom") X. Geisel has been appointed Chief Executive Officer and President, and as a member of the Board of Directors (the "Board"), effective immediately. Mr. Geisel has a diverse financial services background, including leadership experience growing regional banks for more than twenty years – most recently as President, Corporate Banking, at Webster Bank (formally known as Sterling National Bank). Additionally,
STAMFORD, Conn., June 10, 2022 /PRNewswire/ -- Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that Vikram Nafde has been appointed to Executive Vice President, Chief Information Officer in charge of Information Technology. As a member of Webster Bank's Executive Management Committee (EMC), Vikram is responsible for the strategy and execution of all Webster technology, including cybersecurity, data strategy and tech innovation. "Vikram is a dynamic leader with extensive experience in large-scale di
STAMFORD, Conn. and PEARL RIVER, N.Y., Feb. 1, 2022 /PRNewswire/ -- Webster Financial Corporation (NYSE:WBS) ("Webster") and Sterling Bancorp ("Sterling") jointly announced today the completion of their previously announced merger, creating one of the largest commercial banks in the Northeast. The combined company is a unique financial institution, with a differentiated funding base that includes HSA Bank, as well as consumer and commercial banking businesses. Webster has a broad range of regional and national asset generation capabilities, particularly through its growing commercial banking business with deep industry expertise and an expanded geographic footprint."Today marks a transformat
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable Nov. 12, 2024, to shareholders of record as of Nov. 1, 2024. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable Dec. 16, 2024, to shareholders of record on Dec. 1, 2024. On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each deposita
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 securities repositioning net losses, strategic restructuring costs, and other adjustments. Excluding these items, adjusted earnings per diluted share would have been $1.341 for the quarter ended September 30, 2024. "Webster delivered so
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., today announced the following details for its third quarter 2024 earnings release and conference call: Earnings Release: Thursday, October 17, 2024, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, October 17, 2024, at 9:00 a.m. (Eastern) Dial-in number: Toll Free: 888-330-2446; or International Callers: +1-240-789-2732 Passcode: 8607257 Webcast: Via Webster's Investor Relations website at investors.websterbank.com Webcast replay: Will be available shortly after the call's completion, also at investors.websterbank.co
Webster Financial Corporation ("Webster") (NYSE:WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $177.5 million, or $1.03 per diluted share, for the quarter ended June 30, 2024, compared to $230.8 million, or $1.32 per diluted share, for the quarter ended June 30, 2023. Second quarter 2024 results include $49.9 million pre-tax ($38.7 million after tax), or $0.231 per diluted share, of net securities repositioning losses. Excluding this item, adjusted earnings per diluted share would have been $1.261 for the quarter ended June 30, 2024. "Webster continues to generate steady balance sheet growth in a challenging environment,"
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable Aug. 8, 2024, to shareholders of record as of July 29, 2024. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable Sept. 16, 2024, to shareholders of record on Sept. 1, 2024. On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each dep
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., today announced the following details for its second quarter 2024 earnings release and conference call: Earnings Release: Tuesday, July 23, 2024, at approximately 7:30 a.m. (Eastern) Conference Call: Tuesday, July 23, 2024, at 9:00 a.m. (Eastern) Dial-in number: Toll Free: 888-330-2446; or International Callers: 1-240-789-2732 Passcode: 8607257 Webcast: Via Webster's Investor Relations website at investors.websterbank.com Webcast replay: Will be available shortly after the call's complet
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable May 16, 2024, to shareholders of record as of May 6, 2024. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable June 15, 2024, to shareholders of record on June 1, 2024. On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each deposit
Webster Financial Corporation ("Webster") (NYSE:WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $212.2 million, or $1.23 per diluted share, for the quarter ended March 31, 2024, compared to $216.8 million, or $1.24 per diluted share, for the quarter ended March 31, 2023. First quarter 2024 results include $13.2 million pre-tax ($20.8 million after tax), or $0.121 per diluted share, of net charges related to an increase in the FDIC special assessment estimate, Ametros acquisition expenses, securities repositioning, a net gain on sale of mortgage servicing rights ("MSRs"), and a discrete tax adjustment. Excluding these items,
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced the following details for its first quarter 2024 earnings release and conference call: Earnings Release: Tuesday, April 23, 2024, at approximately 7:30 a.m. (Eastern) Conference Call: Tuesday, April 23, 2024, at 9:00 a.m. (Eastern) Dial-in number: Toll Free: 888-330-2446; or International Callers: +1-240-789-2732 Passcode: 8607257 Webcast: Via Webster's Investor Relations website at investors.websterbank.com Webcast replay: Will
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable February 16, 2024, to shareholders of record as of February 5, 2024. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable March 15, 2024, to shareholders of record on March 1, 2024. On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.2
Morgan Stanley downgraded Webster Financial from Overweight to Equal-Weight and set a new price target of $57.00 from $54.00 previously
Barclays initiated coverage of Webster Financial with a rating of Overweight and set a new price target of $70.00
JP Morgan upgraded Webster Financial from Neutral to Overweight and set a new price target of $65.00 from $60.00 previously
BofA Securities initiated coverage of Webster Financial with a rating of Buy and set a new price target of $60.00
Citigroup initiated coverage of Webster Financial with a rating of Buy and set a new price target of $51.00
Seaport Research Partners initiated coverage of Webster Financial with a rating of Buy and set a new price target of $56.00
Deutsche Bank initiated coverage of Webster Financial with a rating of Buy and set a new price target of $47.00
UBS initiated coverage of Webster Financial with a rating of Buy and set a new price target of $56.00
Morgan Stanley initiated coverage of Webster Financial with a rating of Overweight and set a new price target of $70.00
Raymond James initiated coverage of Webster Financial with a rating of Outperform and set a new price target of $60.00