Webster Financial Co. (NYSE:WBS – Get Free Report) insider Daniel Bley sold 3,463 shares of Webster Financial stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $52.10, for a total value of $180,422.30. Following the sale, the insider now owns 19,529 shares in the company, valued at $1,017,460.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Webster Financial Stock Performance
Shares of WBS opened at $51.91 on Friday. 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 Co. has a one year low of $36.36 and a one year high of $54.38. The firm has a market capitalization of $8.90 billion, a P/E ratio of 11.77, a PEG ratio of 0.86 and a beta of 1.28. The business has a fifty day moving average of $46.80 and a 200 day moving average of $45.45.
Webster Financial (NYSE:WBS – Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.34 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.01). Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. The firm had revenue of $647.62 million during the quarter, compared to the consensus estimate of $677.72 million. During the same period in the previous year, the firm earned $1.55 EPS. As a group, sell-side analysts anticipate that Webster Financial Co. will post 5.27 EPS for the current year.
Webster Financial Dividend Announcement
Institutional Trading of Webster Financial
Several large investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Webster Financial during the third quarter valued at about $27,000. UMB Bank n.a. grew its holdings in Webster Financial by 340.7% during the third quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 460 shares during the period. Hantz Financial Services Inc. bought a new stake in Webster Financial during the second quarter valued at about $32,000. Mather Group LLC. grew its holdings in Webster Financial by 7,650.0% during the second quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 1,224 shares during the period. Finally, NBC Securities Inc. grew its holdings in Webster Financial by 117.9% during the third quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 686 shares during the period. Institutional investors own 85.58% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have issued reports on WBS. Stephens set a $58.00 price objective on Webster Financial in a research note on Thursday, October 17th. Wells Fargo & Company lifted their price objective on Webster Financial from $50.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Royal Bank of Canada lifted their price objective on Webster Financial from $57.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Barclays lifted their price objective on Webster Financial from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. lowered their price objective on Webster Financial from $58.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.85.
Read Our Latest Analysis on WBS
Webster Financial Company Profile
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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