Webster Financial Corporation (NYSE:WBS) EVP Daniel Bley sold 1,486 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $54.74, for a total value of $81,343.64. Following the transaction, the executive vice president now owns 25,547 shares in the company, valued at $1,398,442.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Daniel Bley also recently made the following trade(s):
- On Thursday, October 26th, Daniel Bley sold 1,239 shares of Webster Financial Corporation stock. The stock was sold at an average price of $55.38, for a total value of $68,615.82.
Webster Financial Corporation (WBS) traded up $0.16 during midday trading on Friday, hitting $52.29. The company had a trading volume of 264,200 shares, compared to its average volume of 715,980. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.69. Webster Financial Corporation has a one year low of $44.04 and a one year high of $57.50. The company has a market capitalization of $4,830.00, a price-to-earnings ratio of 20.60, a PEG ratio of 2.51 and a beta of 1.23.
Webster Financial Corporation (NYSE:WBS) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. Webster Financial Corporation had a return on equity of 9.89% and a net margin of 21.09%. The business had revenue of $266.75 million for the quarter, compared to the consensus estimate of $269.03 million. During the same period in the previous year, the company posted $0.54 earnings per share. research analysts predict that Webster Financial Corporation will post 2.6 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, November 6th. Webster Financial Corporation’s payout ratio is currently 40.94%.
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Several equities research analysts have recently issued reports on WBS shares. Deutsche Bank AG lifted their price objective on Webster Financial Corporation from $51.00 to $53.00 and gave the stock a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded Webster Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub downgraded Webster Financial Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Boenning Scattergood restated a “hold” rating on shares of Webster Financial Corporation in a research note on Friday, October 20th. Finally, ValuEngine downgraded Webster Financial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $55.22.
Several large investors have recently made changes to their positions in WBS. Seven Eight Capital LP bought a new position in shares of Webster Financial Corporation during the second quarter valued at $141,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Webster Financial Corporation by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 274 shares in the last quarter. Sky Investment Group LLC bought a new position in shares of Webster Financial Corporation during the second quarter valued at $200,000. Advisor Group Inc. lifted its holdings in shares of Webster Financial Corporation by 13.3% during the second quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 474 shares in the last quarter. Finally, BB&T Securities LLC bought a new position in shares of Webster Financial Corporation during the second quarter valued at $212,000. 92.17% of the stock is currently owned by hedge funds and other institutional investors.
About Webster Financial Corporation
Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.
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