Webster Financial Co. (NYSE:WBS) CAO Albert Jen-Wen Wang Sells 4,000 Shares

Webster Financial Co. (NYSE:WBS) CAO Albert Jen-Wen Wang sold 4,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $52.43, for a total transaction of $209,720.00. Following the completion of the transaction, the chief accounting officer now owns 14,273 shares of the company’s stock, valued at approximately $748,333.39. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Webster Financial Trading Up 0.9 %

WBS traded up $0.45 during trading hours on Tuesday, reaching $51.94. The company’s stock had a trading volume of 997,023 shares, compared to its average volume of 1,254,130. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.86 and a quick ratio of 0.85. The business’s 50-day moving average is $46.37 and its 200-day moving average is $45.33. Webster Financial Co. has a fifty-two week low of $36.36 and a fifty-two week high of $54.38. The stock has a market cap of $8.91 billion, a PE ratio of 10.61, a P/E/G ratio of 0.88 and a beta of 1.28.

Webster Financial (NYSE:WBS) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.34 EPS 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 firm had revenue of $647.62 million for the quarter, compared to analyst estimates of $677.72 million. During the same quarter last year, the company earned $1.55 earnings per share. As a group, equities research analysts predict that Webster Financial Co. will post 5.26 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.08%. Webster Financial’s dividend payout ratio (DPR) is 32.79%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of Webster Financial from $57.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Stephens set a $58.00 target price on shares of Webster Financial in a research note on Thursday, October 17th. Barclays increased their price objective on shares of Webster Financial from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Friday. Wedbush boosted their price objective on Webster Financial from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Jefferies Financial Group cut their price objective on Webster Financial from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.85.

Institutional Trading of Webster Financial

Hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in shares of Webster Financial in the third quarter valued at $27,000. UMB Bank n.a. raised its stake in shares of Webster Financial by 340.7% in the third quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 460 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Webster Financial in the second quarter valued at $32,000. Mather Group LLC. raised its stake in shares of Webster Financial by 7,650.0% in the second quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 1,224 shares in the last quarter. Finally, NBC Securities Inc. increased its holdings in Webster Financial by 117.9% in the third quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider’s stock valued at $59,000 after buying an additional 686 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

About Webster Financial

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.