Webster Financial (WBS)
(Real Time Quote from BATS)
$44.98 USD
+0.10 (0.22%)
Updated Apr 24, 2024 01:56 PM ET
3-Hold of 5 3
B Value F Growth D Momentum D VGM
Company Summary
Headquartered in Stanford, CT, Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. The company provides business and consumer banking, mortgage lending, financial planning, trust and investment services. It reports through the following three segments:
Commercial Banking: The segment caters businesses with more than $2 million of revenues through its business banking, middle-market, asset-based lending, equipment finance, commercial real estate, sponsor finance, and treasury services business units. Also, it offers wealth-management solutions to business owners, operators, and consumers through its Wealth group.
Consumer Banking: The ...
Company Summary
Headquartered in Stanford, CT, Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. The company provides business and consumer banking, mortgage lending, financial planning, trust and investment services. It reports through the following three segments:
Commercial Banking: The segment caters businesses with more than $2 million of revenues through its business banking, middle-market, asset-based lending, equipment finance, commercial real estate, sponsor finance, and treasury services business units. Also, it offers wealth-management solutions to business owners, operators, and consumers through its Wealth group.
Consumer Banking: The segment comprises the Consumer Lending and Small Business Banking (businesses that have less than $2 million in revenues) business units. Its Webster Investment Services group offers investment services to consumers and small business owners in its targeted markets and retail footprint.
HSA Bank: HSA Bank offers health savings accounts (HSA), health reimbursement accounts, flexible spending accounts and other financial solutions to employers for the benefit of their employees and to individuals.
The Corporate and Reconciling category includes certain treasury activities and adjustments required to reconcile profitability metrics to GAAP reported amounts.
In January 2024, Webster Financial closed the acquisition of Ametros Financial Corp. to further diversify its revenue streams and funding sources.
In January 2023, Webster Financial closed the acquisition of interLink, a deposit-management platform, to further diversify the company’s funding sources. In November 2022, HSA Bank acquired around 4,800 HSAs, with $15.5 million in deposits from Inland Bank and Trust. In February 2022, Webster Financial completed its merger with Bend Financial, which accelerates digital transformation for HSA Bank. In January, it acquired Sterling Bancorp in an all-stock deal valued at $5.2 billion, making it one of the largest commercial banks in the Northeast United States.
As of Dec 31, 2023, Webster Financial had $75 billion of assets, $50.73 billion of total loans and leases, $60.78 billion of deposits and $8.7 billion of shareholders’ equity.
General Information
Webster Financial Corporation
200 ELM STREET
STAMFORD, CT 06902
Phone: 203-578-2202
Fax: 302-636-5454
Web: http://public.websteronline.com
Email: eharmon@websterbank.com
Industry | Banks - Northeast |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 3/31/2024 |
Exp Earnings Date | 7/18/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 1.44 |
Current Year EPS Consensus Estimate | 5.76 |
Estimated Long-Term EPS Growth Rate | 21.30 |
Exp Earnings Date | 7/18/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 44.88 |
52 Week High | 53.39 |
52 Week Low | 31.03 |
Beta | 1.33 |
20 Day Moving Average | 1,127,958.75 |
Target Price Consensus | 59.81 |
4 Week | -9.41 |
12 Week | -14.30 |
YTD | -11.58 |
4 Week | -7.63 |
12 Week | -17.01 |
YTD | -11.54 |
Shares Outstanding (millions) | 171.75 |
Market Capitalization (millions) | 7,708.28 |
Short Ratio | NA |
Last Split Date | 4/15/1998 |
Dividend Yield | 3.57% |
Annual Dividend | $1.60 |
Payout Ratio | 0.27 |
Change in Payout Ratio | -0.11 |
Last Dividend Payout / Amount | 2/2/2024 / $0.40 |
Fundamental Ratios
P/E (F1) | 7.79 |
Trailing 12 Months | 7.66 |
PEG Ratio | 0.37 |
vs. Previous Year | -8.75% |
vs. Previous Quarter | -5.81% |
vs. Previous Year | 17.88% |
vs. Previous Quarter | -2.37% |
Price/Book | 0.91 |
Price/Cash Flow | 6.54 |
Price / Sales | 1.88 |
3/31/24 | NA |
12/31/23 | 13.05 |
9/30/23 | 13.65 |
3/31/24 | NA |
12/31/23 | 1.42 |
9/30/23 | 1.48 |
3/31/24 | NA |
12/31/23 | 0.85 |
9/30/23 | 0.86 |
3/31/24 | NA |
12/31/23 | 0.85 |
9/30/23 | 0.86 |
3/31/24 | NA |
12/31/23 | 26.75 |
9/30/23 | 28.52 |
3/31/24 | NA |
12/31/23 | 22.01 |
9/30/23 | 24.45 |
3/31/24 | NA |
12/31/23 | 27.51 |
9/30/23 | 31.02 |
3/31/24 | NA |
12/31/23 | 48.86 |
9/30/23 | 45.69 |
3/31/24 | NA |
12/31/23 | 14.88 |
9/30/23 | 11.51 |
3/31/24 | NA |
12/31/23 | 0.41 |
9/30/23 | 0.36 |
3/31/24 | NA |
12/31/23 | 28.17 |
9/30/23 | 25.87 |