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4-Traders Homepage  >  Equities  >  Nyse  >  Webster Financial Corporation    WBS

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Webster Financial Corporation : Webster Bank and Yale University Announce Athletic Partnership

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03/07/2014 | 02:34pm CET
Webster Bank Media Contact: Yale Athletics Media Contact:

Sarah Barr, 203-578-2287 Steve Conn, 203-432-1455 sbarr@websterbank.com Steven.Conn@Yale.edu

Webster Bank and Yale University Announce Athletic Partnership NEW HAVEN, Conn., February 28, 2014 - Webster Bank, a leading regional bank serving businesses and consumers from metro New York to Boston, Mass., and Yale University Athletics, will make an announcement about a new partnership during the Yale-Union Men's Hockey game. Who: Jeff Klaus, regional president, Connecticut, Webster Bank Peter Salovey, president of Yale University Tom Beckett, director of athletics at Yale University When: Friday, February 28, 2014 Yale-Union Men's Hockey game 7:00 p.m. (Between the first and second period) Where: Yale University's Ingalls Rink 73 Sachem Street, New Haven, Conn.

The special announcement and presentation will be made on the ice in between the first and second period. Your coverage is welcome.

About Webster

Webster Financial Corporation is the holding company for Webster Bank, N.A. With $21 billion in assets, Webs ter provides business and consumer banking, mortgages, private banking, trust and investment services through 168 banking offices; 310 ATMs; telephone banking; mobile banking; and the Internet. Webster Bank owns the asset based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and provides health savings account trustee and administrative services through HSA Bank, a divi sion of Webster Bank. Member FDIC and equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com or follow us on LinkedIn http://linkedin.com/company/webster-bank and Twitter https://twitter.com/WebsterBank.

About Yale Athletics

Yale Athletics comprises 35 varsity sports as well as intramural and club programs that include participation from a combined 75 percent of the student body. Yale is a member of the National Collegiate Athletic Association (NCAA), the Ivy League, the Eastern College Athletic Conference (ECAC) and ECAC Hockey. Yale Athletics took part in the first intercollegiate athletic competition of any kind, an 1852 boat race in New Hampshire. Since then, Yale has won 107 team national championships in a variety of sports, including the 2013 men's hockey NCAA title.

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Financials ($)
Sales 2016 717 M
EBIT 2016 297 M
Net income 2016 194 M
Debt 2016 -
Yield 2016 1,91%
P/E ratio 2016 24,32
P/E ratio 2017 22,04
Capi. / Sales 2016 6,57x
Capi. / Sales 2017 6,14x
Capitalization 4 706 M
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Mean consensus HOLD
Number of Analysts 13
Average target price 45,1 $
Spread / Average Target -12%
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NameTitle
James Copenhaver Smith Chairman & Chief Executive Officer
John R. Ciulla President
Glenn I. MacInnes Chief Financial Officer & Executive Vice President
Colin D. Eccles Chief Information Officer & Executive VP
Laurence C. Morse Independent Director
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