Webster Financial Co. (NYSE:WBS - Get Free Report) insider Daniel Bley sold 2,280 shares of the firm's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $44.80, for a total transaction of $102,144.00. Following the transaction, the insider now owns 28,693 shares in the company, valued at approximately $1,285,446.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Daniel Bley also recently made the following trade(s):
- On Thursday, February 29th, Daniel Bley sold 2,000 shares of Webster Financial stock. The shares were sold at an average price of $47.60, for a total transaction of $95,200.00.
Webster Financial Price Performance
Shares of Webster Financial stock opened at $44.80 on Friday. Webster Financial Co. has a twelve month low of $31.03 and a twelve month high of $53.39. The firm has a market cap of $7.69 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 0.40 and a beta of 1.35. The firm's 50-day simple moving average is $47.67 and its 200-day simple moving average is $46.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.86 and a current ratio of 0.86.
Webster Financial (NYSE:WBS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). Webster Financial had a net margin of 21.09% and a return on equity of 12.55%. The firm had revenue of $667.10 million for the quarter, compared to the consensus estimate of $680.72 million. During the same period in the prior year, the business earned $1.49 earnings per share. The company's revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts expect that Webster Financial Co. will post 5.62 EPS for the current fiscal year.
Webster Financial Announces Dividend
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The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 6th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, May 3rd. Webster Financial's dividend payout ratio is presently 32.79%.
Wall Street Analyst Weigh In
Several brokerages recently commented on WBS. Morgan Stanley lifted their target price on shares of Webster Financial from $51.00 to $61.00 and gave the stock an "overweight" rating in a report on Wednesday, February 7th. Barclays decreased their price target on shares of Webster Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 24th. JPMorgan Chase & Co. decreased their price target on shares of Webster Financial from $65.00 to $63.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 24th. StockNews.com upgraded shares of Webster Financial from a "sell" rating to a "hold" rating in a research report on Friday, April 26th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Webster Financial from $64.00 to $58.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $56.23.
Read Our Latest Stock Report on WBS
Institutional Investors Weigh In On Webster Financial
Institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC bought a new stake in shares of Webster Financial during the fourth quarter worth approximately $127,000. Charles Schwab Investment Management Inc. raised its stake in shares of Webster Financial by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,278,976 shares of the financial services provider's stock worth $51,556,000 after buying an additional 21,026 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV grew its holdings in Webster Financial by 98.1% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 149,258 shares of the financial services provider's stock valued at $7,576,000 after purchasing an additional 73,924 shares during the period. FDx Advisors Inc. grew its holdings in Webster Financial by 7.6% during the third quarter. FDx Advisors Inc. now owns 5,753 shares of the financial services provider's stock valued at $232,000 after purchasing an additional 408 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Webster Financial by 58.2% during the third quarter. Envestnet Asset Management Inc. now owns 319,379 shares of the financial services provider's stock valued at $12,874,000 after purchasing an additional 117,437 shares during the period. 85.58% of the stock is owned by institutional investors.
Webster Financial Company Profile
(
Get Free Report)
Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.
Further Reading
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