BofA Securities initiated coverage on Webster Financial with a new price target
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BofA Securities initiated coverage of Webster Financial with a rating of Buy and set a new price target of $60.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/6/2025 | $70.00 → $75.00 | Equal Weight → Overweight | Wells Fargo |
| 12/17/2024 | Buy | UBS | |
| 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 |
Webster Financial Corporation ("Webster") (NYSE:WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $173.6 million, or $1.01 per diluted share, for the quarter ended December 31, 2024, compared to $181.2 million, or $1.05 per diluted share, for the quarter ended December 31, 2023. Fourth quarter 2024 results include securities repositioning losses of $56.9 million, pre-tax, and a deferred tax asset valuation adjustment of $29.4 million. Excluding these items, adjusted earnings per diluted share would have been $1.431 for the quarter ended December 31, 2024, compared to $1.46 for the quarter ended December 31, 2023. "Our financ
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., today announced the following details for its fourth quarter 2024 earnings release and conference call: Earnings Release: Friday, January 17, 2025, at approximately 7:30 a.m. (Eastern) Conference Call: Friday, January 17, 2025, 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 invest
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
Wells Fargo upgraded Webster Financial from Equal Weight to Overweight and set a new price target of $75.00 from $70.00 previously
UBS resumed coverage of Webster Financial with a rating of Buy
Morgan Stanley downgraded Webster Financial from Overweight to Equal-Weight and set a new price target of $57.00 from $54.00 previously
Webster Financial Corporation ("Webster") (NYSE:WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $173.6 million, or $1.01 per diluted share, for the quarter ended December 31, 2024, compared to $181.2 million, or $1.05 per diluted share, for the quarter ended December 31, 2023. Fourth quarter 2024 results include securities repositioning losses of $56.9 million, pre-tax, and a deferred tax asset valuation adjustment of $29.4 million. Excluding these items, adjusted earnings per diluted share would have been $1.431 for the quarter ended December 31, 2024, compared to $1.46 for the quarter ended December 31, 2023. "Our financ
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., today announced the following details for its fourth quarter 2024 earnings release and conference call: Earnings Release: Friday, January 17, 2025, at approximately 7:30 a.m. (Eastern) Conference Call: Friday, January 17, 2025, 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 invest
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced today that it has lowered its prime lending rate to 7.50 percent from 7.75 percent, effective December 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. Headquart
8-K - WEBSTER FINANCIAL CORP (0000801337) (Filer)
10-Q - WEBSTER FINANCIAL CORP (0000801337) (Filer)
8-K - WEBSTER FINANCIAL CORP (0000801337) (Filer)
SC 13G/A - WEBSTER FINANCIAL CORP (0000801337) (Subject)
SC 13G/A - WEBSTER FINANCIAL CORP (0000801337) (Subject)
SC 13G/A - WEBSTER FINANCIAL CORP (0000801337) (Subject)
4 - WEBSTER FINANCIAL CORP (0000801337) (Issuer)
4 - WEBSTER FINANCIAL CORP (0000801337) (Issuer)
4 - WEBSTER FINANCIAL CORP (0000801337) (Issuer)
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