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WBS $50.77

WBS target price
50.77
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Webster Bank
Type
Public
Traded as NYSE: WBS
S&P 400 Component
Industry Finance
Founded Waterbury, Connecticut, U.S. (1935)
Headquarters Waterbury, Connecticut, United States
Key people
James C. Smith, Chairman, CEO & Director
Products Banking
Revenue ~700 Million USD (FY 2005)
Number of employees
Approximately 3,400
Website www.websterbank.com

Webster Bank is a US commercial bank based in Waterbury, Connecticut. It has 177 branches and 316 ATMs located in Connecticut, Massachusetts, Rhode Island and Westchester County, NY.

Webster was founded in 1935 by Harold Webster Smith as the First Federal Savings of Waterbury in Connecticut. Only 24 years old, Smith borrowed from family and friends to found the lending institution providing home loans to Connecticut citizens. He served as CEO until 1987 and as chairman of the board until 1995 when First Federal was renamed Webster Bank in his honor.

Among milestones in Webster’s history:

1935— Harold Webster Smith founds a savings and loan, First Federal Savings of Waterbury.

1938— First Federal’s assets grow to more than $1 million.

1986— First Federal converts to stock ownership and forms a holding company.

1987— James C. Smith becomes the company’s second chief executive officer, succeeding his father, Harold Webster Smith, who continues as chairman.

1995— Harold Webster Smith retires as chairman and is succeeded by James C. Smith.

1997— Webster Trust Company, N.A. and Investment Services are added to the bank’s offerings.

1998— Webster acquires Eagle Bank of Bristol, pushing its statewide branch total over 100.

1998— Webster becomes first bank in CT to purchase an insurance agency (Damman Insurance).

2002— Webster becomes listed on the New York Stock Exchange under the ticker symbol, “WBS”.

2003— Webster announces definitive agreement to acquire FIRSTFED AMERICA BANCORP, INC., the holding company for First Federal Savings Bank of America; the deal, which closed in May 2004, marks Webster’s first retail expansion beyond Connecticut’s borders and into the southeastern Massachusetts and Rhode Island markets.

2004— Webster announces that the Office of the Comptroller of the Currency (OCC) has accepted the company’s application to be a chartered commercial bank.

2005— Webster acquires HSA Bank and becomes the leading bank administrator and trustee of health savings accounts in the nation.

2006— Webster acquires NewMil Bank.

2016— Webster acquires 17 Citibank branches in the Boston area and adds additional ATMs to support the network

Webster Financial Corporation is the holding company for Webster Bank, N.A. and Webster Insurance. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, the insurance premium finance company Budget Installment Corporation, Webster Capital Finance, and provides health savings account trustee and administrative services through HSA Bank of Sheboygan, WI, a division of Webster Bank.

Webster Bank has over $24 billion in assets (2015) and a market capitalization of over $3 billion. Its network includes over 177 branches and 316 ATMs located in Connecticut, Massachusetts, Rhode Island and Westchester County, NY.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-19 Future report Set alerts
Q2 2022 2022-07-21 1.29 1.29
Q1 2022 2022-04-28 1.24 1.24
Q4 2021 2022-01-20 1.31 1.31
Q3 2021 2021-10-21 1.08 1.08
Q2 2021 2021-07-22 1.21 1.21
Q1 2021 2021-04-19 1.25 1.25
Q3 2020 2020-10-22 0.00 0.00
Q2 2020 2020-07-23 0.57 0.57
Q1 2020 2020-04-21 0.39 0.39

Ratings

2016-07-07 Lower Price Target JPMorgan Chase & Co. Overweight $39.00 to $38.00
2016-07-07 Reiterated Rating Jefferies Group Hold $36.00
2016-06-17 Reiterated Rating Deutsche Bank Buy $39.00
2016-06-17 Reiterated Rating FBR & Co. Hold $36.00
2016-06-17 Reiterated Rating JPMorgan Chase & Co. Buy $39.00
2016-06-17 Reiterated Rating Deutsche Bank AG Buy $39.00
2016-06-17 Reiterated Rating FBR & Co Hold $36.00
2016-04-20 Boost Price Target RBC Capital Sector Perform $35.00 to $36.00
2016-04-20 Boost Price Target Royal Bank Of Canada Sector Perform $35.00 to $36.00
2016-03-21 Lower Price Target Barclays Overweight $42.00 to $40.00
2016-03-21 Lower Price Target Barclays PLC Overweight $42.00 to $40.00
2016-03-20 Reiterated Rating Deutsche Bank Buy
2016-02-24 Reiterated Rating Deutsche Bank Buy $40.00 to $39.00
2016-01-25 Lower Price Target FBR & Co. Market Perform $42.00 to $35.00
2016-01-22 Lower Price Target RBC Capital Sector Perform $38.00 to $35.00
2016-01-15 Upgrade Goldman Sachs Neutral to Buy
2016-01-15 Upgrade Guggenheim Neutral to Buy
2016-01-15 Upgrade Goldman Sachs Group Inc. Neutral to Buy
2016-01-13 Lower Price Target Deutsche Bank $41.00 to $40.00
2016-01-13 Lower Price Target Barclays Overweight $43.00 to $42.00
2015-11-24 Boost Price Target Deutsche Bank Buy $40.00 to $41.00
2015-11-24 Upgrade JPMorgan Chase & Co. Neutral to Overweight $45.00
2015-11-20 Boost Price Target Sandler O'Neill Hold $38.00 to $40.00
2015-11-17 Boost Price Target Barclays Overweight $40.00 to $43.00
2015-10-16 Lower Price Target Keefe, Bruyette & Woods Outperform $45.00 to $42.00
2015-10-16 Lower Price Target Evercore ISI $38.00 to $36.00
2015-10-16 Lower Price Target Barclays Overweight $41.00 to $40.00
2015-10-16 Lower Price Target RBC Capital Sector Perform $39.00 to $38.00
2015-10-09 Lower Price Target Barclays $43.00 to $41.00
2015-10-06 Lower Price Target Jefferies Group Hold $40.00 to $38.00
2015-07-18 Reiterated Rating Keefe, Bruyette & Woods Hold
2015-07-17 Boost Price Target Keefe, Bruyette & Woods Hold $44.00 to $45.00
2015-07-17 Reiterated Rating Deutsche Bank Buy $43.00
2015-07-02 Reiterated Rating Keefe, Bruyette & Woods Outperform $41.00 to $44.00
2015-07-02 Boost Price Target Jefferies Group $37.00 to $40.00
2015-06-23 Boost Price Target Deutsche Bank Buy $39.00 to $43.00
2015-06-19 Boost Price Target Evercore ISI Hold $33.00 to $38.00
2015-06-19 Boost Price Target Keefe, Bruyette & Woods Outperform $41.00 to $44.00
2015-06-19 Boost Price Target RBC Capital Sector Perform $35.00 to $39.00
2015-06-18 Downgrade Morgan Stanley Equal Weight to Underweight $34.00 to $36.00
2015-06-16 Boost Price Target Barclays Overweight $39.00 to $43.00
2015-06-05 Initiated Coverage Piper Jaffray Neutral $37.00
2015-06-05 Initiated Coverage Piper Jaffray Cos. Neutral $37.00
2015-04-17 Reiterated Rating Raymond James Market Perform
2015-04-17 Boost Price Target FBR & Co. Hold $35.00 to $40.00
2015-04-17 Reiterated Rating Raymond James Financial Inc. Market Perform
2015-04-12 Reiterated Rating Deutsche Bank Buy $39.00
2015-04-09 Downgrade FBR & Co. Outperform to Market Perform $35.00
2015-04-02 Downgrade Boenning Scattergood Outperform to Neutral $34.00
2015-03-06 Boost Price Target Barclays Overweight $35.00 to $39.00
2015-03-03 Boost Price Target Keefe, Bruyette & Woods Outperform $37.00 to $41.00
2015-02-18 Downgrade Sandler O'Neill Buy to Hold $35.00
2015-01-23 Boost Price Target Keefe, Bruyette & Woods Outperform $35.00 to $37.00
2015-01-22 Upgrade Sandler O'Neill Hold to Buy $33.00
2015-01-13 Boost Price Target Barclays Overweight $33.00 to $35.00
2015-01-09 Downgrade Guggenheim Buy to Neutral
2014-12-10 Downgrade Evercore ISI Buy to Hold $33.00
2014-09-22 Initiated Coverage Wells Fargo & Co. Outperform
2014-09-22 Initiated Coverage Wells Fargo Outperform
2014-07-18 Reiterated Rating Raymond James Outperform $34.00 to $33.00
2014-07-18 Reiterated Rating JPMorgan Chase & Co. Neutral $35.00 to $34.00
2014-07-18 Lower Price Target Barclays Overweight $35.00 to $33.00
2014-07-18 Lower Price Target FBR & Co. Market Perform $36.00 to $34.00
2014-07-17 Reiterated Boenning & Scattergood Outperform $35 to $32
2014-07-17 Lower Price Target Boenning Scattergood Outperform $35.00 to $32.00
2014-07-09 Set Price Target JPMorgan Chase & Co. $35.50 to $35.00
2014-03-27 Boost Price Target Morgan Stanley $28.00 to $30.00
2014-01-22 Downgrade Raymond James Outperform
2014-01-21 Upgrade Keefe, Bruyette & Woods Outperform
2014-01-21 Downgrade Raymond James Strong-Buy to Outperform $30.00 to $34.00
2014-01-17 Reiterated Boenning & Scattergood Outperform $28.50 to $35
2014-01-17 Boost Price Target Boenning Scattergood Outperform $28.50 to $35.00
2014-01-17 Upgrade Keefe, Bruyette & Woods Market Perform to Outperform
2014-01-14 Boost Price Target Guggenheim $30.00 to $35.00
2014-01-08 Boost Price Target Deutsche Bank Buy $31.00 to $34.00
2014-01-06 Boost Price Target Barclays Overweight $29.00 to $34.00
2013-10-30 Downgrade Sterne Agee CRT Buy to Neutral
2013-10-29 Downgrade Sterne Agee CRT Buy to Neutral $28.00
2013-09-24 Reiterated Rating Jefferies Group Hold $27.00
2013-09-24 Boost Price Target Keefe, Bruyette & Woods $27.00 to $28.00
2013-09-24 Upgrade Sterne Agee CRT Neutral to Buy $28.00
2013-07-12 Reiterated Boenning & Scattergood Outperform $25 to $28.50
2011-04-11 Initiated Boenning & Scattergood Outperform $27
2010-04-26 Reiterated FBR Capital Mkt Perform $14 to $18
2010-04-23 Downgrade RBC Capital Mkts Outperform to Sector Perform $22
2009-11-11 Upgrade Barclays Capital Equal Weight to Overweight $15
2016-07-07 Lower Price Target JPMorgan Chase & Co. Overweight $39.00 to $38.00
2016-07-07 Reiterated Rating Jefferies Group Hold $36.00
2016-06-17 Reiterated Rating Deutsche Bank Buy $39.00
2016-06-17 Reiterated Rating FBR & Co. Hold $36.00
2016-06-17 Reiterated Rating JPMorgan Chase & Co. Buy $39.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
SMITH JAMES COPENHAVER Chairman & Chief Executive Off 0.40%  (359193) MRD / WBS /
MacInnes Glenn I EVP-Chief Financial Officer 0.10%  (92202) WBS /
WOLFE HARRIET MUNRETT EVP - General Counsel 0.08%  (73882) WBS /
Plush Gerald P President & COO 0.08%  (72469) WBS /
BECKER JOEL S 0.08%  (72272) WBS /
SAVAGE JOSEPH J EVP - Commercial Banking 0.08%  (68886) HRZN / WBS /
CIULLA JOHN R EVP-Commercial Banking 0.06%  (57993) WBS /
Mhatre Nitin J. EVP-Consumer Lending 0.04%  (37955) WBS /
MORSE LAURENCE C 0.04%  (33502) WBS /
OSAR KAREN R 0.03%  (25164) IPHS / WBS /
MOTL CHRISTOPHER J EVP-Commercial Banking 0.02%  (22496) WBS /
SHIVERY CHARLES W 0.02%  (22331) NU / POR / WBS /
WILKINS CHARLES L EVP-Head of HSA Bank 0.02%  (21579) WBS /
FINKENZELLER ROBERT A 0.02%  (21426) WBS /
BLEY DANIEL EVP-Chief Risk Officer 0.02%  (20798) WBS /
SLATTERY ANNE M EVP-Retail Banking 0.02%  (20212) WBS /
Crecca Michelle M EVP-Marketing 0.02%  (19595) WBS /
JACOBI C MICHAEL 0.02%  (18418) CXW / KCAP / PSG / RGR / WBS /
ATWELL WILLIAM L 0.02%  (18272) BCOR / WBS /
FLYNN ELIZABETH E 0.02%  (18065) WBS /
Pettie Mark 0.02%  (17508) WBS /
Eccles Colin D EVP- Chief Information Officer 0.02%  (17167) WBS /
MADAR GREGORY Chief Accounting Officer 0.01%  (13126) WBS /
GARRIGUES BERNARD M EVP-Chief Human Resources Off 0.01%  (12280) WBS /
CRAWFORD JOHN JOSEPH 0.01%  (6792) WBS /
MORRIS DAWN C EVP-Chief Marketing Officer 0.01%  (5849) WBS /