에 대한 최신 뉴스 Webster Finl (NYSE:WBS) 주식

Webster Finl

Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania. The company's segment includes Commercial Banking, HSA Bank, and Consumer Banking. It generates maximum revenue from the Commercial Banking segment.

Webster Financial Corporation Common Stock

Webster Financial Corp

WEBSTAR TECHNOLOGY GROUP by Webstar Technology Group Inc.

Webstar Technology Group Inc

Webster Financial Corporation Depositary Shares, Each Representing 1/1,000th Interest in a Share of 5.25% Series F Non-Cumulative Perpetual Preferred Stock

Webster Financial Corporation Depositary Shares, each representing a 1/40th interest in a share of 6.50% Series G non-cumulative perpetual preferred stock

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Shares of companies within the broader financial sector are trading lower amid overall weakness following concerns about recently issued US economic data.

Morgan Stanley analyst Manan Gosalia downgrades Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) from Overweight to Equal-Weight and raises the price target from $54 to $57.

News

Downgrades

Price Target

Analyst Ratings

Morgan Stanley Downgrades Webster Finl to Equal-Weight, Raises Price Target to $57

The Nasdaq 100 closed higher by over 1% during Friday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Roblox</h3>
<ul>
<li>The Trade: Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) Director Gregory Baszucki <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 13,000 shares</a> at an average price of $40.45. The insider received around $525,847 from selling those shares.</li>
<li>What's Happening: Roblox will report the company&#8217;s second quarter financial results before the opening bell on Thursday, Aug. 1.</li>
<li>What Roblox Does: Roblox operates an online video game platform that lets young gamers create, develop, and monetize games (or &#8220;experiences&#8221;) for other players.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Morgan Stanley</h3>
<ul>
<li>The Trade: Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) Chief Human Resources Officer Mandell Crawley <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,500 shares</a> at an average price of $105.25. The insider received around $368,375 from selling those shares.</li>
<li>What's Happening: On July 24, Morgan Stanley Expansion Capital acquired a stake in global payments fintech Sokin.</li>
<li>What Morgan Stanley Does: Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924.</li>
</ul>
<h3 class="wp-block-heading">Webster Financial</h3>
<ul>
<li>The Trade: Webster Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) Chief Credit Officer Jason A. Soto <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,650 shares</a> at an average price of $46.32. The insider received around $76,428 from selling those shares.</li>
<li>What's Happening: On July 23, Webster Financial reported worse-than-expected second-quarter financial results.</li>
<li>What Webster Financial Does: Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania.</li>
</ul>
<h3 class="wp-block-heading">Intercontinental Exchange</h3>
<ul>
<li>The Trade: Intercontinental Exchange, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) Chief Accounting Officer James W Namkung <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,043 shares</a> at an average price of $150.00. The insider received around $156,450 from selling those shares.</li>
<li>What's Happening: On July 10, Barclays analyst Benjamin Budish maintained Intercontinental Exchange with an Overweight and raised the price target from $150 to $159.</li>
<li>What Intercontinental Exchange Does: Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39984459/top-3-risk-off-stocks-that-are-set-to-fly-in-july">Top 3 Risk Off Stocks That Are Set To Fly In July</a></li>
</ul>

Short Ideas

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

RBLX

Roblox, Morgan Stanley And 2 Other Stocks Insiders Are Selling

Across the recent three months, 5 analysts have shared their insights on Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>), 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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
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 estimate of $51.00. Highlighting a 7.09% decrease, the current average has fallen from the previous average price target of $59.20. 
<img src="https://www.benzinga.com/files/images/story/2024/1721844044_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of Webster Finl by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$51.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Christopher Mcgratty</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Ken Usdin</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$51.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$58.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$60.00</td>
<td>$65.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Webster Finl. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Webster Finl compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Webster Finl's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Webster Finl's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WBS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Webster Finl analyst ratings.</a>
<h2>About Webster Finl</h2>
Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania. The company's segment includes Commercial Banking, HSA Bank, and Consumer Banking. It generates maximum revenue from the Commercial Banking segment.
<h3>Webster Finl's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Webster Finl's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.16% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 31.49%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Webster Finl's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.49%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Webster Finl's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.28% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Webster Finl's debt-to-equity ratio surpasses industry norms, standing at 0.54. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>What Are Analyst Ratings?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Webster Finl: 5 Analysts Share Their Views

RBC Capital analyst Jon Arfstrom maintains Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) with a Outperform and lowers the price target from $54 to $51.

RBC Capital Maintains Outperform on Webster Finl, Lowers Price Target to $51

Webster Financial shares are trading lower after the company reported worse-than-expected Q2 financial results.

Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) 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.

Earnings

Earnings Misses

Webster Finl Q2 Adj $1.26 Misses $1.34 Estimate, Sales $572.30M Miss $589.41M Estimate

Synovus Financial Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snv#NYSE">SNV</a>) reported second-quarter 2024 adjusted earnings per share of $1.16, which surpassed the Zacks Consensus Estimate of 96 cents. Adjusted earnings were the same as that reported in the year-ago quarter.
Results benefited from a fall in expenses and provisions for credit losses, along with strong capital ratios. However, a decline in net interest income (NII) and lower loan and deposit balances were major headwinds.
Net loss available to common shareholders was $23.7 million against net income available to common shareholders of $165.8 million in the prior-year quarter.
<h3>Revenues &amp; Expenses Decline</h3>
Total revenues in the second quarter were $306.1 million, plunging 46.1% from the prior-year quarter. Also, the top line missed the Zacks Consensus Estimate of $496.6 million.
NII fell 4.5% year over year to $435 million, while the net interest margin&nbsp;remained flat at 3.2% year over year.
Non-interest revenues were a negative $128.9 million. The figure includes a loss of $256.7 million from investment securities. Excluding this loss, adjusted non-interest revenues were $127.8 million, up 15% year over year. The increase was primarily due to a rise in treasury and payment solutions and capital markets fees as well as greater commercial sponsorship income.
Non-interest expenses were $301.8 million, down 1.8% year over year. The fall was mainly due to the company&#39;s expense control and a headcount reduction.
The adjusted tangible efficiency ratio was 98.15%, up from 53.99% reported in the year-earlier quarter. A rise in the efficiency ratio indicates a decrease in profitability.
As of Jun 30, 2024, total loans of $43.1 billion decreased slightly from the previous quarter. Total deposits were $50.2 billion, which decreased nearly 1% from the previous quarter.
<h3>Credit Quality: Mixed Bag</h3>
Non-performing loans were $256.1 million, down 2.1% from the year-ago quarter. Total non-performing assets amounted to $256.9 million, which declined 1.8% year over year.
Provision for credit losses was $26.4 million, which decreased 32.1% year over year.
The non-performing assets ratio was 0.6%, up from 0.59% in the year-ago period.
Net charge-offs increased 30.6% to $34.5 million from the prior-year quarter. The net charge-off ratio was 0.32%, up from 0.24% in the prior-year quarter.
<h3>Capital Ratios &amp; Profitability Ratios Improve</h3>
As of Jun 30, 2024, the Tier 1 capital ratio and total risk-based capital ratio were 11.74% and 13.59%, respectively, compared with 10.89% and 12.80% in the year-ago quarter. As of the same date, the Common Equity Tier 1 capital ratio was 10.62%, up from 9.86% in the year-ago quarter.
Adjusted return on average assets was 1.21%, up from 1.18% in the prior-year quarter. Adjusted return on average common equity was 15.3%, down from 15.8% in the year-earlier quarter.
<h3>Our Take</h3>
The company&#39;s solid capital position will aid capital distribution activities in the upcoming period, boosting investors&#39; confidence in the stock. Also, lower expenses and provisions will support SNV&#39;s financials. Yet, declining loan and deposit balances remain a major concern.
<div class="chart_embed">
<h3>Synovus Financial Corp. Price, Consensus and EPS Surprise</h3>
<img alt="Synovus Financial Corp. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/90/1721307807.png" style="height:265px; width:576px" title="" />
Synovus Financial Corp. price-consensus-eps-surprise-chart | Synovus Financial Corp. Quote
Currently, Synovus carries a Zacks Rank #2 (Buy).
</div>
<h3>Earnings Dates &amp; Expectations of Finance Stocks</h3>
BOK Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bokf#NASDAQ">BOKF</a>) is slated to report second-quarter 2024 results on Jul 22. It carries a Zacks Rank #3 at present.
Over the past month, the Zacks Consensus Estimate for BOKF&#39;s quarterly earnings per share has moved 2.7% north to $1.89.
Webster Financial Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wbs#NYSE">WBS</a>) is scheduled to release second-quarter 2024 earnings on Jul 23. The company carries a Zacks Rank #3 at present.
The consensus estimate for WBS&#39; quarterly earnings has moved 1.5% south to $1.34 per share over the past 30 days.
<a href="https://www.zacks.com/stock/news/2304616/synovus-snv-q2-earnings-beat-estimates-revenues-fall-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2304616">To read this article on Zacks.com click here.</a>

Earnings Beats

BOKF

Synovus Q2 Earnings Beat Estimates, Revenues Fall Y/Y

Neal Holland to assume CFO role following Glenn MacInnes&#39; retirement
Former OCC Deputy Comptroller Bill Haas joins Board of Directors
Webster Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) (&quot;Webster&quot; or &quot;the Company&quot;), the holding company, for Webster Bank, N.A., (the &quot;Bank&quot;) 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 current Executive Vice President and CFO Glenn MacInnes&#39; previously announced retirement, which is expected in August 2024. At that time, MacInnes will assume an advisory role.

Management

Webster Financial Appoints Neal Holland To CFO Role Following Glenn MacInnes' Retirement

Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintains Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) with a Outperform and lowers the price target from $58 to $55.

Keefe, Bruyette & Woods Maintains Outperform on Webster Finl, Lowers Price Target to $55

Jefferies analyst Ken Usdin maintains Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) with a Buy and lowers the price target from $56 to $51.

Jefferies Maintains Buy on Webster Finl, Lowers Price Target to $51

Synergistic and strategic partnership will finance middle market companies of private equity sponsors
Webster 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.

Webster Bank And Marathon Asset Management Announce 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:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) with a Overweight and lowers the price target from $63 to $58.

JP Morgan Maintains Overweight on Webster Finl, Lowers Price Target to $58

During the last three months, 8 analysts shared their evaluations of Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>), 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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
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 lower than the previous average price target of $63.12. 
<img src="https://www.benzinga.com/files/images/story/2024/1719252023_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of Webster Finl by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$60.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Ben Gerlinger</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$55.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Steven Duong</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$54.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$65.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$63.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Christopher Mcgratty</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$58.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$57.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Ken Usdin</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$56.00</td>
<td>$65.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Webster Finl. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Webster Finl compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Webster Finl's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Webster Finl's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WBS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Webster Finl analyst ratings.</a>
<h2>Discovering Webster Finl: A Closer Look</h2>
Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania. The company's segment includes Commercial Banking, HSA Bank, and Consumer Banking. It generates maximum revenue from the Commercial Banking segment.
<h3>Breaking Down Webster Finl's Financial Performance</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Webster Finl's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 0.16%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Webster Finl's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 31.49%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.49%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Webster Finl's ROA stands out, surpassing industry averages. With an impressive ROA of 0.28%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Webster Finl's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.54.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Webster Finl's Future

Barclays analyst Jared Shaw maintains Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) with a Overweight and lowers the price target from $65 to $60.

Barclays Maintains Overweight on Webster Finl, Lowers Price Target to $60

Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) is set to release earnings results for its first quarter before the <a href="https://www.benzinga.com/quote/WBD/earnings">opening bell on May 9.</a>
Analysts expect the New York-based company to report a quarterly loss at 24 cents per share, versus a year-ago loss of 44 cents per share. Warner Bros. Discovery is projected to report quarterly revenue of $10.23 billion, compared to $10.7 billion a year ago according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Feb. 28, Locality announced a strategic local video advertising partnership with Warner Bros. Discovery.
Warner Bros. Discovery shares rose 0.4% to close at $7.80 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings </a>page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/WBD/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Wolfe Research analyst Peter Supino downgraded the stock from Peer Perform to Underperform with a price target of $7 on April 23. This analyst has an accuracy rate of 60%.</li>
<li>Rosenblatt analyst Barton Crockett upgraded the stock from Sell to Neutral and boosted the price target from $7 to $10 on March 21. This analyst has an accuracy rate of 68%.</li>
<li>Citigroup analyst Jason Bazinet maintained a Buy rating and cut the price target from $16 to $14 on Feb. 29. This analyst has an accuracy rate of 65%.</li>
<li>Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and cut the price target from $14 to $10 on Feb. 26. This analyst has an accuracy rate of 75%.</li>
<li>JP Morgan analyst Philip Cusick maintained a Neutral rating and slashed the price target from $13 to $10 on Feb. 26. This analyst has an accuracy rate of 60%.</li>
</ul>
Read This Next:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38699782/graftech-international-and-2-other-penny-stocks-insiders-are-buying"> GrafTech International And 2 Other Penny Stocks Insiders Are Buying</a>

Warner Bros. Discovery Likely To Report Narrower Q1 Loss; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

JPMorgan analyst Steven Alexopoulos has identified seven bank stocks poised for significant growth in the current market landscape. He&#8217;s referred to these picks as <a href="https://www.benzinga.com/topic/magnificent-seven">&#8220;our &#8216;Magnificent Seven'&#8221;</a>.
<h3 class="wp-block-heading">JPMorgan&#8217;s Magnificent Seven Bank Stock Picks</h3>
Alexopoulos&#8217; picks from among mid- and small-cap banks, and his views (summarized) on them are as follows:
<ul>
<li>First Citizens BancShares Inc (Delaware) Class A (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>): Despite a challenging VC environment in 1Q24, First Citizens&#8217; acquisition of SVB has stabilized deposit balances and increased new deposits, indicating potential growth in the future. The bank&#8217;s asset-sensitive balance sheet could benefit from potential Fed rate cuts, leading to strong net interest income growth.</li>
<li>Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>): Western Alliance achieved key financial targets in 1Q24, setting the stage for continued growth, particularly driven by its national businesses outperforming peers. With shares trading at an elevated implied cost of equity, there is significant upside potential for shareholders.</li>
<li>Live Oak Bancshares Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOB#NYSE">LOB</a>): Delayed Fed rate cuts have postponed the benefit to Live Oak&#8217;s liability-sensitive balance sheet, but the bank&#8217;s long-term growth story remains intact. LOB is well-positioned for growth with strong loan originations and a favorable valuation.</li>
<li>Pinnacle Financial Partners Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>): Pinnacle stands out among regional banks with strong balance sheet growth exceeding peers. The bank&#8217;s high growth footprint and focus on client relationships could lead to a favorable NIM outlook and further upside in revenue.</li>
<li>Cullen/Frost Bankers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFR#NYSE">CFR</a>): With a founder-inspired culture and strong balance sheet, Frost continues to invest for the long term. Despite modest NII guidance adjustments, Frost&#8217;s trajectory points to an increase in NIM and strong growth ahead.</li>
<li>MVB Financial Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVBF#NASDAQ">MVBF</a>): MVBF shares underperformed peers due to NIM compression, but this is expected to reverse in 2Q. With a strong foothold in the online gaming industry and attractive valuation, MVBF is poised for long-term growth.</li>
<li>Webster Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>): Despite underperforming peers in 1Q24, Webster&#8217;s sell-off is seen as an overreaction. While the company lowered its loan growth outlook, strong loan growth in 1Q24 and potential improvements in 2H24 could lead to upside. Shares trade at a discount to peers, offering an attractive buying opportunity.</li>
</ul>
The analysis comes on the heels of the U.S. mid- and small-cap banks&#8217; 1Q24 earnings outlook, which showed a mixed bag of results.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38301893/market-reaction-to-bank-earnings-is-mixed-jpmorgan-analysts-project-further-decline">Market Reaction To Bank Earnings Is Mixed, JPMorgan Analysts Project Further Decline In Net Interest Income</a>
<h3 class="wp-block-heading">US Mid- And Small-Cap Banks&#8217; Outlook</h3>
For Alexopoulos, key takeaways from the quarter included: &#8220;NIMs trending flat, minimal loan and deposit growth being delivered, and credit quality trends remaining strong despite one-offs.&#8221; These should translate into improved loan growth trends in the second half of the year.
However, there are challenges on the horizon. Economic growth has been robust in recent years, but loan demand has remained limited. 
Moreover, the timing for Fed rate cuts, which many banks were banking on for a significant uptick in growth, is now uncertain. 
Recent inflation data has come in higher than expected, prompting the Fed to hold off on rate cuts until there is more confidence in the inflation trajectory.
&#8220;We believe the Fed may need to see several inflation readings trending more favorably before it considers lowering the funds rate,&#8221; said Alexopoulos.
<h3 class="wp-block-heading">Strong Upside Potential</h3>
Despite these challenges, JPMorgan remains bullish on the sector, citing &#8220;strong upside potential&#8221; and low odds of negative catalysts such as rate hikes.
Alexopoulos views the &#8220;Magnificent Seven&#8221; picks as particularly well-positioned to drive significant intrinsic value growth in the current environment.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38643266/why-veteran-wall-street-investor-believes-were-still-in-a-bull-market">Why Veteran Wall Street Investor Believes We&#8217;re Still In A Bull Market</a>
Image: Shutterstock

Analyst Color

Long Ideas

FCNCA

MVBF

PNFP

JPMorgan's 'Magnificent Seven' — Bank Version: These Stock Picks Have 'Strong Upside Potential'

Citigroup analyst Ben Gerlinger maintains Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) with a Buy and lowers the price target from $60 to $55.

Citigroup Maintains Buy on Webster Finl, Lowers Price Target to $55

RBC Capital analyst Steven Duong maintains Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) with a Outperform and lowers the price target from $57 to $54.

RBC Capital Maintains Outperform on Webster Finl, Lowers Price Target to $54

Barclays analyst Jared Shaw maintains Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) with a Overweight and lowers the price target from $70 to $65.

Barclays Maintains Overweight on Webster Finl, Lowers Price Target to $65

In a report released today, Jared Shaw from Barclays maintained a Buy rating on Webster Financial (WBS – Research Report), with a price target of $...

Barclays Reaffirms Their Buy Rating on Webster Financial (WBS)

Wells Fargo analyst Timur Braziler maintained a Hold rating on Webster Financial (WBS – Research Report) yesterday and set a price target of $50.00...

Webster Financial: Hold Rating Justified Amidst Challenges and Uncertain Growth Prospects

In a report released today, Laurie Havener from Seaport Global reiterated a Buy rating on Webster Financial (WBS – Research Report), with a price t...

Seaport Global Sticks to Its Buy Rating for Webster Financial (WBS)

Bank of America Securities analyst Brandon Berman maintained a Buy rating on Webster Financial (WBS – Research Report) today. The company's shares ...

Bank of America Securities Remains a Buy on Webster Financial (WBS)

Warning: WBS is at high risk of performing badly

Valley National, PB upped as Morgan Stanley turns bullish on midcap banks

Gator Capital Management Q2 2024 Investor Letter

Invesco Small Cap Value Fund Q2 2024 Review

Unpacking the differences between multifamily and office CRE outlooks

ATGE

AVTR

BANC

BCLYF

BPOP

COHR

CUBB

CUBI

DAVA

DESK

EPAM

EWBC

EXPE

FCNCB

FCNCO

FCNCP

FULT

LITE

NYCB

PYPL

SIMO

SLMBP

Press Releases

Webster Financial Corporation Announces Q1 2024 Earnings Release and Conference Call

Webster Reports First Quarter 2024 EPS of $1.23; Adjusted EPS of $1.35

Webster Financial Corporation Declares Common and Preferred Dividends

Webster Bank and Marathon Asset Management Announce Private Credit Joint Venture

Marathon Asset Management and Webster Bank Announce Private Credit Joint Venture

Webster Financial Corporation Announces Q2 2024 Earnings Release and Conference Call

Webster Financial Corporation Appoints CFO Successor; Names New Board Member

Webster Reports Second Quarter 2024 EPS of $1.03; Adjusted EPS of $1.26

Webster Lowers Prime Lending Rate to 8.00 Percent

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First Horizon

F N B

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Huntington Bancshares

Home BancShares

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Prosperity Bancshares

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Regions Finl

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