In its recent earnings call, the company projected a steady growth in both loans and deposits for the fiscal year, anticipating increases between 4% and 5%. The firm also aims for adjusted non-interest income ranging from $370 million to $390 million.
For expenses, the company expects its annual costs will fall between $1.39 billion and $1.41 billion, aiming to maintain an efficiency ratio of 45% to 47%. Additionally, the projected tax rate for the fiscal year is approximately 21%.
The company targets a common equity tier 1 ratio at around 11% in the short term, with a long-term goal of achieving 10.5%.
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.
