Webster Financial Stock News

Symmetry Partners LLC raised its stake in Webster Financial Co. (NYSE:WBS) by 53.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,368 shares of the financial services providers stock after acquiring an additional 3,953 shares during the quarter. Symmetry Partners LLCs holdings []

Frontier Capital Management Co. LLC cut its holdings in Webster Financial Co. (NYSE:WBS) by 5.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,210,673 shares of the financial services providers stock after selling 75,671 shares during the period. Frontier Capital Management Co. LLCs holdings in Webster Financial were worth $65,933,000 at the end of []

Comerica Bank lowered its stake in Webster Financial Co. (NYSE:WBS) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,711 shares of the financial services providers stock after selling 851 shares during the period. Comerica Bank owned 0.05% []

Hennessy Advisors Inc. trimmed its holdings in shares of Webster Financial Co. (NYSE:WBS) by 22.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,000 shares of the financial services providers stock after selling 9,000 shares during the period. Hennessy []

Webster Financial Co. (NYSE:WBS) has received an average rating of Buy from the twelve analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report []

Brokerages expect Webster Financial Co. (NYSE:WBS) to report earnings per share (EPS) of $1.11 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Webster Financials earnings, with the lowest EPS estimate coming in at $1.09 and the highest estimate coming in at $1.16. Webster Financial reported earnings of $0.99 per share []

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The upcoming merger of equals will result in cost savings and an improvement in WBS's net interest margin. The provision expense will likely remain below normal in 2022 because of a high level of allo

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Webster Financial (WBS) is likely to benefit from its sound loan and deposit balances, and rising revenues. Yet, a high debt level and mounting costs pose headwinds.

Webster Financial's (WBS) Q3 earnings reflect higher revenues and improved organic growth amid a low-rate economy that hurt margins.

Webster Financial Corporation (WBS) CEO John Ciulla on Q3 2021 Results - Earnings Call Transcript

Webster Financial (WBS) delivered earnings and revenue surprises of -0.92% and 6.33%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

WATERBURY, Conn., Oct. 8, 2021 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A.

Webster Financial (WBS) and Sterling (STL) receive shareholder nod for the merger deal, reflecting the companies' confidence in the rationale and synergies of the merger.