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 |
|---|---|---|---|
| 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 |
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.
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
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)
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
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
10-Q - WEBSTER FINANCIAL CORP (0000801337) (Filer)
8-K - WEBSTER FINANCIAL CORP (0000801337) (Filer)
10-Q - WEBSTER FINANCIAL CORP (0000801337) (Filer)
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