Insider Selling: Webster Financial Co. (NYSE:WBS) Insider Sells 3,463 Shares of Stock

Webster Financial Co. (NYSE:WBS) 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) 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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Friday, November 1st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Friday, November 1st. Webster Financial’s payout ratio is currently 36.28%.

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.

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.