Webster Financial Co. (NYSE:WBS) Director John Joseph Crawford sold 2,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $60.03, for a total value of $120,060.00. Following the completion of the transaction, the director now owns 8,792 shares of the company’s stock, valued at $527,783.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
John Joseph Crawford also recently made the following trade(s):
- On Wednesday, October 31st, John Joseph Crawford sold 2,000 shares of Webster Financial stock. The stock was sold at an average price of $59.77, for a total value of $119,540.00.
Shares of WBS traded down $0.56 during midday trading on Monday, hitting $59.28. 124,260 shares of the stock were exchanged, compared to its average volume of 747,920. Webster Financial Co. has a 52-week low of $51.68 and a 52-week high of $69.63. The firm has a market cap of $5.52 billion, a P/E ratio of 22.89, a P/E/G ratio of 2.01 and a beta of 1.04. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.62.
Webster Financial (NYSE:WBS) last released its quarterly earnings results on Thursday, October 18th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $0.94 by $0.12. The business had revenue of $302.66 million during the quarter, compared to analyst estimates of $299.30 million. Webster Financial had a return on equity of 12.36% and a net margin of 25.77%. During the same period last year, the business posted $0.67 earnings per share. Sell-side analysts expect that Webster Financial Co. will post 3.71 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, November 5th. This represents a $1.32 dividend on an annualized basis and a yield of 2.23%. Webster Financial’s dividend payout ratio (DPR) is presently 50.97%.
Several research firms have recently commented on WBS. Barclays raised their price target on Webster Financial from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, October 19th. Boenning Scattergood restated a “hold” rating on shares of Webster Financial in a research report on Friday, October 19th. Zacks Investment Research lowered Webster Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 21st. Wedbush restated an “outperform” rating on shares of Webster Financial in a research report on Monday, July 16th. Finally, Morgan Stanley restated a “sell” rating and set a $60.00 price target (down from $62.00) on shares of Webster Financial in a research report on Tuesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Webster Financial has an average rating of “Hold” and an average target price of $62.50.
A number of large investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Webster Financial in the third quarter valued at $711,000. Virginia Retirement Systems ET AL boosted its holdings in Webster Financial by 287.3% in the third quarter. Virginia Retirement Systems ET AL now owns 21,300 shares of the financial services provider’s stock valued at $1,256,000 after purchasing an additional 15,800 shares during the period. Cadence Capital Management LLC purchased a new position in Webster Financial in the third quarter valued at $378,000. Torray LLC boosted its holdings in Webster Financial by 19.1% in the third quarter. Torray LLC now owns 21,676 shares of the financial services provider’s stock valued at $1,278,000 after purchasing an additional 3,475 shares during the period. Finally, Chicago Equity Partners LLC boosted its holdings in Webster Financial by 247.6% in the third quarter. Chicago Equity Partners LLC now owns 15,295 shares of the financial services provider’s stock valued at $902,000 after purchasing an additional 10,895 shares during the period. Hedge funds and other institutional investors own 91.55% of the company’s stock.
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Webster Financial Company Profile
Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through four segments: Commercial Banking, Community Banking, HSA Bank, and Private Banking.
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