The company (ticker) has released its first-quarter financial results, reporting revenue of $704.8 million, which exceeded market expectations of $701.47 million. This performance highlights robust business fundamentals despite ongoing market fluctuations.
Furthermore, the financial institution noted a tangible book value per share of $33.97 for the quarter. The firm also reported a Common Equity Tier 1 (CET1) capital ratio of 11.26%, indicating a strong capitalization level, which remains in line with regulatory requirements and industry standards.
Net charge-offs, a measure of the company’s credit loss expenses, stood at 0.42%. In response to the volatile economic outlook, the bank has proactively increased its allowance for credit losses on loans and leases, underscoring its cautious approach to risk management under uncertain market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Webster Financial Corp (WBS, Financial) is $64.93 with a high estimate of $72.00 and a low estimate of $50.00. The average target implies an upside of 37.68% from the current price of $47.16. More detailed estimate data can be found on the Webster Financial Corp (WBS) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Webster Financial Corp's (WBS, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Webster Financial Corp (WBS, Financial) in one year is $49.38, suggesting a upside of 4.71% from the current price of $47.16. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Webster Financial Corp (WBS) Summary page.
