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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.

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Webster Financial Corporation Common Stock

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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>
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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

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

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 $65 to $63.

JP Morgan Maintains Overweight on Webster Finl, Lowers Price Target to $63

7 analysts have expressed a variety of opinions on Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved 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;">1</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;">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;">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>3M Ago</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>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $60.86, a high estimate of $70.00, and a low estimate of $56.00. Surpassing the previous average price target of $60.50, the current average has increased by 0.6%.
<img src="https://www.benzinga.com/files/images/story/2024/1713970838_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Webster Finl. The following summary outlines 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>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>
<tr>
<td>Daniel Tamayo</td>
<td>Raymond James</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Christopher Mcgratty</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$64.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$70.00</td>
<td>-</td>
</tr>
<tr>
<td>Manan Gosalia</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$61.00</td>
<td>$51.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Webster Finl. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Webster Finl compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Webster Finl's market position. Stay informed and make well-informed 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>Webster Finl: A Financial Overview</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Webster Finl's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -9.9%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower 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 28.28%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Webster Finl's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.2%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Webster Finl's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.24%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.41.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying Webster Finl: Insights From 7 Analyst Reviews

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 $64 to $58.

Keefe, Bruyette & Woods Maintains Outperform on Webster Finl, Lowers Price Target to $58

WIIM

Webster Financial shares are trading lower following worse-than-expected Q1 EPS and revenues.

Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) reported quarterly earnings of $1.35 per share which missed the analyst consensus estimate of $1.41 by 4.26 percent. This is a 15.09 percent decrease over earnings of $1.59 per share from the same period last year. The company reported quarterly sales of $567.739 million which missed the analyst consensus estimate of $616.786 million by 7.95 percent. This is a 4.63 percent decrease over sales of $595.283 million the same period last year.

Earnings Misses

Webster Finl Q1 2024 Adj EPS $1.35 Misses $1.41 Estimate, Sales $567.739M Miss $616.786M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion.
&bull; MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is expected to report quarterly earnings at $3.45 per share on revenue of $684.13 million.
&bull; Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) is expected to report quarterly earnings at $1.85 per share on revenue of $2.29 billion.
&bull; Community Bank System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBU#NYSE">CBU</a>) is expected to report quarterly earnings at $0.78 per share on revenue of $176.83 million.
&bull; Herc Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) is estimated to report quarterly earnings at $2.15 per share on revenue of $782.85 million.
&bull; JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is expected to report quarterly loss at $0.52 per share on revenue of $2.20 billion.
&bull; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is expected to report quarterly earnings at $2.14 per share on revenue of $41.88 billion.
&bull; GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) is estimated to report quarterly earnings at $0.65 per share on revenue of $15.34 billion.
&bull; Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $3.85 billion.
&bull; United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) is projected to report quarterly earnings at $1.30 per share on revenue of $21.87 billion.
&bull; Banc of California (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BANC#NYSE">BANC</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $259.77 million.
&bull; Polaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $1.75 billion.
&bull; PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) is projected to report quarterly earnings at $1.52 per share on revenue of $18.08 billion.
&bull; Kiniksa Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNSA#NASDAQ">KNSA</a>) is expected to report quarterly loss at $0.18 per share on revenue of $79.61 million.
&bull; Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $1.53 billion.
&bull; Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) is likely to report quarterly earnings at $2.21 per share on revenue of $5.49 billion.
&bull; Dime Community Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $72.52 million.
&bull; Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $66.30 million.
&bull; Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $5.67 billion.
&bull; Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $109.74 million.
&bull; Pentair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $1.01 billion.
&bull; WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) is expected to report quarterly earnings at $1.49 per share on revenue of $3.27 billion.
&bull; Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is estimated to report quarterly earnings at $5.81 per share on revenue of $15.95 billion.
&bull; GATX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATX#NYSE">GATX</a>) is estimated to report quarterly earnings at $1.76 per share on revenue of $375.80 million.
&bull; NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $5.92 billion.
&bull; Atlantic Union Bankshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUB#NYSE">AUB</a>) is likely to report quarterly earnings at $0.72 per share on revenue of $181.92 million.
&bull; Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) is estimated to report quarterly earnings at $0.39 per share on revenue of $1.09 billion.
&bull; Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) is likely to report quarterly earnings at $1.79 per share on revenue of $4.58 billion.
&bull; NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $331.80 million.
&bull; Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $5.23 billion.
&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $38.05 million.
&bull; Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) is projected to report quarterly earnings at $1.42 per share on revenue of $618.43 million.
&bull; Option Care Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPCH#NASDAQ">OPCH</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $1.10 billion.
&bull; Kimberly-Clark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) is likely to report quarterly earnings at $1.62 per share on revenue of $5.08 billion.
&bull; Old National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NASDAQ">ONB</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $439.87 million.
&bull; First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $205.74 million.
&bull; First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $119.93 million.
&bull; Sandy Spring Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SASR#NASDAQ">SASR</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $81.04 million.
&bull; Popular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPOP#NASDAQ">BPOP</a>) is expected to report quarterly earnings at $1.89 per share on revenue of $560.41 million.
&bull; Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $5.62 billion.
&bull; Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $8.46 billion.
&bull; Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $3.06 billion.
&bull; LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $3.77 billion.
&bull; PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) is expected to report quarterly earnings at $2.36 per share on revenue of $3.58 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Avangrid (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGR#NYSE">AGR</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $2.63 billion.
&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHB#NASDAQ">RUSHB</a>) is likely to report earnings for its first quarter.
&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHA#NASDAQ">RUSHA</a>) is projected to report quarterly earnings at $0.82 per share on revenue of $1.88 billion.
&bull; AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) is likely to report quarterly loss at $0.08 per share on revenue of $8.03 million.
&bull; Stride (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $507.18 million.
&bull; Zurn Elkay Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZWS#NYSE">ZWS</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $368.99 million.
&bull; Renasant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNST#NYSE">RNST</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $163.60 million.
&bull; KKR Real Estate Finance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $44.35 million.
&bull; Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $6.38 billion.
&bull; Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $283.32 million.
&bull; Hanmi Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $59.03 million.
&bull; Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $740.47 million.
&bull; Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) is likely to report quarterly earnings at $2.43 per share on revenue of $8.62 billion.
&bull; Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) is likely to report quarterly earnings at $5.34 per share on revenue of $10.29 billion.
&bull; Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) is estimated to report quarterly earnings at $3.43 per share on revenue of $4.73 billion.
&bull; Flushing Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $48.29 million.
&bull; CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $649.60 million.
&bull; Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $1.67 billion.
&bull; Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) is projected to report quarterly loss at $2.62 per share on revenue of $628.95 million.
&bull; Vicor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) is expected to report quarterly earnings at $0.11 per share on revenue of $84.83 million.
&bull; Veritex Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $109.00 million.
&bull; Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $265.60 million.
&bull; Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) is expected to report quarterly earnings at $1.70 per share on revenue of $588.52 million.
&bull; Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $21.27 billion.
&bull; EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $1.63 billion.
&bull; West Fraser Timber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $2.01 billion.
&bull; Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is likely to report quarterly earnings at $1.01 per share on revenue of $148.23 million.
&bull; Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $206.78 million.
&bull; Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $83.82 million.
&bull; Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $303.41 million.
&bull; Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) is estimated to report quarterly earnings at $0.61 per share on revenue of $189.37 million.
&bull; Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $695.20 million.
&bull; Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) is expected to report quarterly loss at $0.13 per share on revenue of $831.06 million.
&bull; EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) is expected to report quarterly earnings at $2.01 per share on revenue of $152.09 million.
&bull; Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) is likely to report quarterly earnings at $0.87 per share on revenue of $243.45 million.
&bull; QCR Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCRH#NASDAQ">QCRH</a>) is likely to report quarterly earnings at $1.30 per share on revenue of $58.85 million.
&bull; Wesbanco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSBC#NASDAQ">WSBC</a>) is estimated to report quarterly earnings at $0.55 per share on revenue of $116.64 million.
&bull; Premier Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFC#NASDAQ">PFC</a>) is likely to report quarterly earnings at $0.47 per share on revenue of $52.54 million.
&bull; Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $3.14 billion.
&bull; Veralto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLTO#NYSE">VLTO</a>) is expected to report quarterly earnings at $0.76 per share on revenue of $1.22 billion.
&bull; Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $726.32 million.
&bull; Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) is projected to report quarterly earnings at $1.07 per share on revenue of $3.61 billion.
&bull; iShares Frontier and Select EM ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FM#NYSE">FM</a>) is expected to report quarterly loss at $0.06 per share on revenue of $1.06 billion.
&bull; IDEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEX#NYSE">IEX</a>) is estimated to report quarterly earnings at $1.75 per share on revenue of $806.94 million.
&bull; Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) is likely to report quarterly earnings at $1.44 per share on revenue of $1.33 billion.
&bull; Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is estimated to report quarterly earnings at $0.98 per share on revenue of $137.26 million.
&bull; First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $109.21 million.
&bull; East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) is likely to report quarterly earnings at $1.99 per share on revenue of $577.70 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

AEYE

APAM

BANC

BPOP

BUSE

CATC

CSGP

ENPH

ENVA

EWBC

FFIC

GATX

HAFC

JBLU

KNSA

KREF

MANH

MSCI

MTDR

OPCH

PEBO

PFBC

QCRH

RNST

ROIC

RUSHA

RUSHB

SASR

SPOT

STLD

TRMK

VICR

VLTO

WFRD

WSBC

Earnings Scheduled For April 23, 2024

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 $59 to $57.

RBC Capital Maintains Outperform on Webster Finl, Lowers Price Target to $57

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 $65 to $56.

Jefferies Maintains Buy on Webster Finl, Lowers Price Target to $56

11 analysts have shared their evaluations of Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
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;">2</td>
<td style="text-align: right;">9</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;">2</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;">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>2M Ago</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>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>
In the assessment of 12-month price targets, analysts unveil insights for Webster Finl, presenting an average target of $61.82, a high estimate of $70.00, and a low estimate of $57.00. This current average reflects an increase of 6.59% from the previous average price target of $58.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1711476038_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Webster Finl. The following summary outlines 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>Daniel Tamayo</td>
<td>Raymond James</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Christopher Mcgratty</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$64.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$70.00</td>
<td>-</td>
</tr>
<tr>
<td>Manan Gosalia</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$61.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Ben Gerlinger</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$60.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$59.00</td>
<td>-</td>
</tr>
<tr>
<td>Christopher Mcgratty</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$64.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$65.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Tamayo</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Brandon Berman</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$60.00</td>
<td>-</td>
</tr>
<tr>
<td>Daniel Tamayo</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$57.00</td>
<td>$49.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Webster Finl. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging 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 navigate through adjustments in price targets, providing estimates for Webster Finl's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Webster Finl's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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>Delving into Webster Finl's Background</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: 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 revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -9.9%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Webster Finl's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 28.28% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Webster Finl's ROE excels beyond industry benchmarks, reaching 2.2%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Webster Finl's ROA excels beyond industry benchmarks, reaching 0.24%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.41.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Webster Finl Stock: Analyst Perspectives (11 Ratings)

Raymond James analyst Daniel Tamayo maintains Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) with a Outperform and maintains $60 price target.

Raymond James Maintains Outperform on Webster Finl, Maintains $60 Price Target

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 maintains $64 price target.

Keefe, Bruyette & Woods Maintains Outperform on Webster Finl, Maintains $64 Price Target

MacInnes will continue to serve as the Company&#39;s CFO until a successor is appointed by Webster&#39;s Board of Directors and will then serve in an advisory role to ensure a smooth transition.&nbsp;As part of the comprehensive search process to identify the next CFO, the Company has retained Spencer Stuart, a leading executive search firm.

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Webster Financial Says Glenn MacInnes Intends To Retire From His Role As Executive Vice President And CFO

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As technology continues to reshape the financial landscape, the sector remains at the forefront of innovation, driving growth and adaptation in response to evolving consumer needs and market demands. Therefore, it could be wise to keep track of fundamentally sound financial stocks Globe Life (GL), Webster Financial Corp. (WBS), and Lazard (LAZ), which have solid upsides. Keep reading… In today's dynamic financial landscape, seizing opportunities in fundamentally robust stocks like Globe Life Inc. (<a href="https://stocknews.com/stock/GL/">GL</a>), Webster Financial Corporation (<a href="https://stocknews.com/stock/WBS/">WBS</a>), and Lazard, Inc. (<a href="https://stocknews.com/stock/LAZ/">LAZ</a>) could be prudent, driven by robust analyst projections signaling substantial gains ahead.
The financial sector encompasses a broad spectrum of companies offering diverse services such as investment banking, consumer banking, lending, insurance, and credit card services. While banks play a significant role, they are just one segment within this pivotal sector. Insurance firms, investment entities, fintech startups, and service providers also contribute significantly to the sector's dynamics and innovation.
Crucial to economies worldwide, these entities collectively manage capital across industries, offering pivotal services such as online banking, wealth and investment management, insurance coverage, instant payment solutions, and flexible credit options.
Moreover, the rapid adoption of technology has significantly transformed the financial services industry, streamlining transaction processes and lending mechanisms for improved efficiency. This digital shift has propelled the digital lending platform market, which is expected to reach <a href="https://finance.yahoo.com/news/global-digital-lending-platform-market-090100301.html">$34.60 billion by 2028</a>, exhibiting an impressive CAGR of 21.9%.
These innovations are streamlining processes and creating a more intuitive and accessible financial environment that caters to diverse consumer needs. By 2028, the financial services market is projected to expand at a <a href="https://www.thebusinessresearchcompany.com/report/financial-services-global-market-report">CAGR of 7.6%</a> from 2024 to 2028, resulting in a market volume of $44.92 trillion.
In addition, investors' interest in financial stocks is evident from the Vanguard Financials ETF's (<a href="https://stocknews.com/stock/VFH/">VFH</a>) 22.3% returns over the past year. With that in mind, let's delve deeper into the fundamentals of financial stocks: GL, WBS, and LAZ.
Globe Life Inc. (<a href="https://stocknews.com/stock/GL/">GL</a>)
GL specializes in life and supplemental health insurance products for middle-income families in the United States. It operates in four segments: Life Insurance; Supplemental Health Insurance; Annuities; and Investments. The company's offerings include whole and term life insurance, Medicare supplements, and various supplemental health insurance plans such as accident and critical illness coverage.
On May 6, the company's Board of Directors declared a quarterly dividend of $0.24 per share, payable to its shareholders on August 1, 2024. GL's annual dividend of $0.96 translates to a yield of 1.23% at the current price, while its four-year average dividend yield is 0.81%. Its dividend payments have grown at a CAGR of 6.4% over the past three years and a 7% CAGR over the past five years.
During the fiscal first quarter that ended March 31, 2024, GL's total revenue increased 7.2% year-over-year to $1.42 billion. Its net operating income grew 6.5% from the year-ago value to $264.09 million. The company's <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> for the quarter amounted to $254.22 million and $2.67 per share, reflecting an increase of 13.7% and 7.1% year-over-year, respectively.
Analysts expect GL's EPS to increase 10.8% year-over-year to $2.89 for the second quarter (ending June 2024), and its revenue is expected to grow 9.3% year-over-year to $1.45 billion for the same period. Moreover, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
GL's stock has lost 12.1% over the past month to close the last trading session at $77.89. Wall Street analysts expect the stock to reach $99.90 in the upcoming 12 months, indicating a potential <a href="https://www.tipranks.com/stocks/gl/forecast">upside of 28.3%</a>.
GL's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to a Neutral in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Momentum. Among 27 stocks in the <a href="https://stocknews.com/category/life-insurance/">Insurance - Life</a> industry, GL is ranked #18. <a href="https://stocknews.com/stock/GL/">Click here</a> to access additional ratings of GL (Growth, Value, Stability, Sentiment, and Quality).
Webster Financial Corporation (<a href="https://stocknews.com/stock/WBS/">WBS</a>)
WBS serves as the holding company for Webster Bank, National Association, offering various financial products and services across the United States. Its operations are organized into three distinct segments: Commercial Banking; Consumer Banking; and Healthcare Financial Services, catering to both digital and traditional banking needs.
On January 24, 2024, the company acquired Ametros Financial Corporation. Operating under its Ametros and CareGuard brands, Ametros is the nation's largest professional administrator of medical insurance claim settlements. It helps individuals manage ongoing medical care through its CareGuard service and proprietary technology platform. This acquisition enhances WBS' deposit base with a growing source of low-cost, long-duration deposits and boosts noninterest income diversification.
For the first quarter that ended March 31, 2024, WBS' total interest income increased 14.6% year-over-year to $951.85 million, while its total non-interest income grew 40.4% from the year-ago value to $99.35 million.
The company's net income available to common stockholders and earnings per share amounted to $212.16 million and $1.23, respectively. In addition, its net cash from operating activities came in at $243.68 million, an increase of 13.7% from the previous year's quarter.
WBS' annual dividend of $1.60 translates to a yield of 4.04% at the current price, compared to the four-year average dividend yield of 3.62%. Its dividend payment has grown at a CAGR of 2.9% over the past five years. On May 16, the company paid a quarterly dividend of $0.40 per share on its common stock.
Street expects WBS' revenue for the second quarter (ending June 2024) to increase marginally year-over-year to $680.50 million. However, its EPS for the current quarter is expected to decline by 9.5% from the prior year's period to $1.36.
For the fiscal year 2025, the company's revenue and EPS are anticipated to grow 6.4% and 11.7% year-over-year to $2.96 billion and $6.26, respectively.
Over the past year, WBS has gained 2% to close the last trading session at $39.64. Wall Street analysts expect the stock to reach $56.91 in the upcoming 12 months, indicating a potential <a href="https://www.tipranks.com/stocks/wbs/forecast">upside of 43.6%</a>.
WBS' POWR Ratings reflect this outlook. The stock has an overall grade of C, equating to Neutral in our proprietary rating system.
It has a B grade for Momentum. Out of 65 stocks, WBS is ranked #21 in the<a href="https://stocknews.com/category/northeast-regional-banks/"> Northeast Regional Banks</a> industry. To see the other ratings of WBS for Growth, Value, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/WBS/">click here</a>.
Lazard, Inc. (<a href="https://stocknews.com/stock/LAZ/">LAZ</a>)
LAZ is a financial advisory and asset management firm with operations in North and South America, Europe, the Middle East, Asia, and Australia. The company operates through two main segments: Financial Advisory and Asset Management.
On May 22, the company announced that its Sustainable Private Infrastructure (Lazard SPI) strategy has agreed to acquire 100% ownership of Collective Energy GmbH, an Austrian firm specializing in advisory services and solar generation solutions for commercial customers. This acquisition enhances Lazard SPI's growth and diversification in Europe and builds on its experience with renewable energy platforms like Shawton Energy in the United Kingdom.
With the significant growth potential for behind-the-meter energy generation in Austria, Robert Wall, Head of Sustainable Private Infrastructure at LAM, is confident in Collective Energy's ability to leverage its long-term contracts and diversified revenue base.
On May 17, LAZ paid a dividend of $0.50 per share on its outstanding common stock. The company's four-year average dividend yield is 5.46%, matching its current annual dividend of $2. Its dividend payouts have grown at a 2.1% CAGR over the past three years.
LAZ's net revenue for the first quarter that ended March 31, 2024, rose 41.1% year-over-year to $764.75 million, with its Financial Advisory segment contributing $454 million to this growth. Its adjusted operating income amounted to $119.54 million, significantly improving from a year-ago loss of $22.95 million.
Likewise, the company's non-GAAP net income stood at $66.61 million, or $0.66 per share, compared to an adjusted net loss of $22.95 million and $0.26 per share in the same period last year.
The consensus revenue estimate of $652.25 million for the fiscal second quarter (ending June 2024) represents a 5.2% increase year-over-year. The consensus EPS estimate of $0.47 for the current quarter indicates a 94.2% improvement year-over-year. The company has an excellent surprise history, surpassing the consensus revenue and EPS estimates in three of the trailing four quarters.
Shares of LAZ have gained 17% over the past year and 5.3% year-to-date to close the last trading session at $36.65. Wall Street analysts expect the stock to reach $47.80 in the upcoming 12 months, indicating a potential <a href="https://www.tipranks.com/stocks/laz/forecast">upside of 31.1%</a>.
LAZ's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Growth and a B for Momentum and Quality. Within the <a href="https://stocknews.com/category/investment-brokerage/">Investment Brokerage</a> industry, it is ranked #4 of 20 stocks. <a href="https://stocknews.com/stock/LAZ/">Click here</a> to access all LAZ ratings for Value, Stability, and Sentiment.
What To Do Next?
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<hr />
GL shares were trading at $80.08 per share on Monday afternoon, up $2.19 (+2.81%). Year-to-date, GL has declined -33.94%, versus a 15.67% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/gl-wbs-laz-3-financial-stocks-with-analyst-price-targets-suggesting-big-gains/>3 Financial Stocks With Analyst Price Targets Suggesting Big Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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Barclays analyst Jared Shaw maintained a Buy rating on Webster Financial (WBS – Research Report) today and set a price target of $60.00. The compan...

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