Webster Financial Corporation operates as the bank and financial holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through four segments: Commercial Banking, Community Banking, HSA Bank, and Private Banking. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and asset-based lending, commercial real estate, and equipment finance, as well as treasury and payment services, which include government and institutional banking. The Community Banking segment offers deposit and fee-based services, residential mortgages, home equity lines/loans, unsecured consumer loans, and credit cards, as well as investment and securities-related services, including brokerage and investment advice through a strategic partnership with LPL Financial.
Reported before open today (10/21/16) Earnings: EPS $0.54 Estimates: EPS $0.53 Down 0.08% today so far
Analyst Upgrade/Downgrade Update Brokerage firm: FBR & Co. Change: Coverage Reiterated/Price Target Changed Previous Rating: N/A Current Rating: Market Perform Previous Price Target: $36 Current Price Target: $38
Upcoming dividend information: Ex-Div-Date: 11/4/16 Payment Date: 11/22/16 Dividend: $0.25 Current Price: $40.23 Annual Yield: 2.49%
Analyst Upgrade/Downgrade Update Brokerage firm: Wells Fargo Change: Downgrade Previous Rating: Outperform Current Rating: Market Perform Previous Price Target: N/A Current Price Target: N/A
Analyst Upgrade/Downgrade Update Brokerage firm: Piper Jaffray Change: Downgrade Previous Rating: Neutral Current Rating: Underweight Previous Price Target: N/A Current Price Target: N/A
