This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Defensive Bank Stock Plays From FBR

Webster Financial
Shares of Webster Financial (WBS - Get Report) of Waterbury, Conn., closed at $19.20 Friday, down 5% year-to-date, following a 4% return during 2011.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Based on a quarterly payout of 10 cents, the shares have a dividend yield of 2.08%.

The shares trade for 1.3 times tangible book value, and for 11 times the consensus 2013 earnings estimate of $1.82. The consensus 2013 EPS estimate is $1.74.

FBR analyst Bob Ramsey on Monday lowered his 2012 EPS estimate for Webster by a penny to $1.74 and his 2013 estimate by a nickel to $1.90, "based on a lower margin assumption."

After Webster Financial reported its first-quarter results in late April, Ramsey reiterated his $27 price target for the shares, saying that the stock's valuation at 11 times his 2013 EPS estimate was "an unjustified discount to peers, in our opinion, given the company's sound capital position, good credit quality, and growing balance sheet."

Interested in more on Webster Financial? See TheStreet Ratings' report card for this stock.

6 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
FITB $18.90 0.00%
FCF $8.90 0.00%
PNC $90.93 0.00%
PHH $24.43 0.00%
SBNY $128.90 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs