Webster Financial (WBS) and Sterling (STL) Announce All-Stock Merger of Equals

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Webster Financial (WBS) Declares $0.40 Quarterly Dividend; 3.1% Yield

April 21, 2021 5:18 PM EDT

Webster Financial (NYSE: WBS) declared a quarterly dividend of $0.40 per share, or $1.6 annualized.

The dividend will be payable on May 19, 2021, to stockholders of record on May 5, 2021, with an ex-dividend date of May 4, 2021.

The annual yield on the dividend is 3.1 percent.

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Sterling Bancorp (STL) PT Raised to $30 at Maxim Group

April 20, 2021 8:16 AM EDT

Maxim Group analyst Michael Diana raised the price target on Sterling Bancorp (NYSE: STL) to $30.00 (from $24.00) while maintaining a Buy rating following earnings and its merger with Webster Financial.

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Sterling Bancorp (STL) Tops Q1 EPS by 5c

April 19, 2021 6:53 AM EDT

Sterling Bancorp (NYSE: STL) reported Q1 EPS of $0.51, $0.05 better than the analyst estimate of $0.46.

For earnings history and earnings-related data on Sterling Bancorp (STL) click here.

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Webster Financial (WBS) Tops Q1 EPS by 25c

April 19, 2021 6:51 AM EDT

Webster Financial (NYSE: WBS) reported Q1 EPS of $1.17, $0.25 better than the analyst estimate of $0.92. Revenue for the quarter came in at $300.5 million versus the consensus estimate of $230.8 million.

For earnings history and earnings-related data on Webster Financial (WBS) click here.

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