Webster Financial Co. (NYSE:WBS) Insider Daniel Bley Sells 500 Shares

by · The Markets Daily

Webster Financial Co. (NYSE:WBS – Get Free Report) insider Daniel Bley sold 500 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $61.91, for a total value of $30,955.00. Following the completion of the sale, the insider now owns 17,279 shares of the company’s stock, valued at $1,069,742.89. The trade was a 2.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Daniel Bley also recently made the following trade(s):

  • On Monday, October 21st, Daniel Bley sold 3,463 shares of Webster Financial stock. The shares were sold at an average price of $52.10, for a total transaction of $180,422.30.

Webster Financial Stock Down 1.1 %

NYSE:WBS opened at $60.29 on Wednesday. Webster Financial Co. has a 1-year low of $39.33 and a 1-year high of $63.99. The company has a market capitalization of $10.33 billion, a PE ratio of 13.67, a P/E/G ratio of 0.90 and a beta of 1.29. The firm’s 50-day moving average price is $53.20 and its 200-day moving average price is $47.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.86 and a quick ratio of 0.86.

Webster Financial (NYSE:WBS – Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. The business had revenue of $647.62 million during the quarter, compared to analysts’ expectations of $677.72 million. During the same quarter last year, the company posted $1.55 EPS. On average, equities analysts predict that Webster Financial Co. will post 5.24 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Friday, November 1st. Webster Financial’s payout ratio is 36.28%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WBS. Barclays boosted their price objective on shares of Webster Financial from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Wells Fargo & Company boosted their price target on Webster Financial from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday. Wedbush increased their price objective on Webster Financial from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Morgan Stanley reduced their target price on Webster Financial from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. Finally, Stephens set a $58.00 price target on Webster Financial in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Webster Financial has an average rating of “Moderate Buy” and a consensus target price of $58.62.

Read Our Latest Research Report on WBS

Institutional Investors Weigh In On Webster Financial

Hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its position in shares of Webster Financial by 58.3% in the 3rd quarter. Tidal Investments LLC now owns 31,599 shares of the financial services provider’s stock worth $1,473,000 after purchasing an additional 11,639 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Webster Financial by 6.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 19,158 shares of the financial services provider’s stock valued at $893,000 after purchasing an additional 1,114 shares in the last quarter. Virtu Financial LLC purchased a new position in Webster Financial in the third quarter worth about $305,000. Geode Capital Management LLC lifted its stake in shares of Webster Financial by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,969,928 shares of the financial services provider’s stock worth $138,465,000 after buying an additional 54,613 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Webster Financial by 6.6% during the third quarter. M&T Bank Corp now owns 6,155 shares of the financial services provider’s stock valued at $287,000 after buying an additional 383 shares during the last quarter. 85.58% of the stock is owned by institutional investors.

About Webster Financial

(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.

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