Webster Financial Co. (NYSE:WBS - Get Free Report) insider Daniel Bley sold 3,463 shares of the business's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $52.10, for a total transaction of $180,422.30. Following the sale, the insider now directly owns 19,529 shares of the company's stock, valued at approximately $1,017,460.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Webster Financial Stock Up 0.9 %
Shares of WBS stock opened at $51.96 on Wednesday. The stock has a market cap of $8.91 billion, a P/E ratio of 10.65, a PEG ratio of 0.88 and a beta of 1.28. Webster Financial Co. has a 52 week low of $36.36 and a 52 week high of $54.38. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.45. The company's fifty day simple moving average is $46.37 and its two-hundred day simple moving average is $45.33.
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Webster Financial (NYSE:WBS - Get Free Report) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). The business had revenue of $647.62 million for the quarter, compared to analysts' expectations of $677.72 million. Webster Financial had a net margin of 18.80% and a return on equity of 11.03%. During the same quarter in the prior year, the company posted $1.55 earnings per share. Analysts predict that Webster Financial Co. will post 5.26 EPS for the current fiscal year.
Webster Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.08%. Webster Financial's dividend payout ratio is 32.79%.
Institutional Trading of Webster Financial
Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Webster Financial by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 17,926,270 shares of the financial services provider's stock valued at $910,117,000 after buying an additional 54,841 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Webster Financial by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,237,482 shares of the financial services provider's stock valued at $316,678,000 after buying an additional 95,780 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Webster Financial by 28.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,522,044 shares of the financial services provider's stock valued at $240,687,000 after buying an additional 1,206,575 shares in the last quarter. Earnest Partners LLC raised its position in shares of Webster Financial by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 3,086,111 shares of the financial services provider's stock valued at $134,524,000 after buying an additional 13,487 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Webster Financial by 12.9% in the 2nd quarter. American Century Companies Inc. now owns 2,640,425 shares of the financial services provider's stock worth $115,096,000 after purchasing an additional 301,935 shares during the period. 85.58% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on WBS shares. Wells Fargo & Company boosted their price objective on shares of Webster Financial from $50.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Barclays upped their target price on shares of Webster Financial from $60.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Morgan Stanley dropped 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 report on Monday, September 30th. StockNews.com downgraded shares of Webster Financial from a "hold" rating to a "sell" rating in a report on Friday, October 18th. Finally, Stephens set a $58.00 target price on shares of Webster Financial in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $57.85.
Read Our Latest Stock Analysis on Webster Financial
Webster Financial Company Profile
(
Get Free Report)
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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