Webster Financial Corporation (WBS) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Webster Financial Corporation (WBS) reported quarterly earnings results on Tuesday, Apr-19-2016. The company reported $0.51 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.53. The company posted revenue of $240.10 million in the period, compared to analysts expectations of $237.40 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Webster Financial Corporation. Shares were Reiterated by FBR Capital on Jan 25, 2016 to “Mkt Perform” and Lowered the Price Target to $ 35 from a previous price target of $42 .Shares were Reiterated by RBC Capital Mkts on Jan 22, 2016 to “Sector Perform” and Lowered the Price Target to $ 35 from a previous price target of $38 .

Webster Financial Corporation opened for trading at $36.75 and hit $37.67 on the upside on Monday, eventually ending the session at $37.53, with a gain of 1.16% or 0.43 points. The heightened volatility saw the trading volume jump to 7,26,054 shares. Company has a market cap of $3,431 M.

In a different news, on Feb 5, 2016, Gregory Madar (Chief Accounting Officer) sold 825 shares at $33.69 per share price. According to the SEC, on Jan 27, 2016, Elizabeth E Flynn (director) purchased 6,500 shares at $32.26 per share price. On Jan 27, 2016, Daniel Manning Fitzpatrick (EVP – Private Banking) sold 6,126 shares at $31.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Webster Financial Corporation (Webster) is a bank and financial holding company. Webster Financial Corporation’s principal assets include the outstanding capital stock of Webster Bank National Association (Webster Bank). Webster through Webster Bank and non-banking financial services subsidiaries delivers financial services to individuals families and businesses. Webster Bank provides commercial small business and consumer banking mortgage lending financial planning and trust and investment services through banking centers automatic teller machines telephone banking mobile banking and online banking through www.websterbank.com. The Company operates in three segments: Commercial Banking Community Banking and Other. The Community Banking consists of the Personal Banking and Business Banking operations. Commercial Banking provides lending deposit and treasury and payment solutions. Other segment activities consist of HSA Bank and the Private Banking operating segments.

Webster Financial Corporation

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