Webster Financial Co. (NYSE:WBS - Get Free Report) Director Lauren States sold 1,650 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $60.60, for a total value of $99,990.00. Following the transaction, the director now owns 15,023 shares of the company's stock, valued at $910,393.80. This trade represents a 9.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Webster Financial Trading Down 0.9 %
NYSE:WBS opened at $59.97 on Wednesday. The stock has a market capitalization of $10.28 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 0.89 and a beta of 1.27. Webster Financial Co. has a fifty-two week low of $39.33 and a fifty-two week high of $61.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.86 and a quick ratio of 0.86. The business's 50-day simple moving average is $50.41 and its 200-day simple moving average is $46.73.
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 analysts' consensus estimates of $1.35 by ($0.01). Webster Financial had a net margin of 18.80% and a return on equity of 11.03%. The firm had revenue of $647.62 million during the quarter, compared to analyst estimates of $677.72 million. During the same period in the prior year, the business posted $1.55 EPS. Sell-side analysts expect that Webster Financial Co. will post 5.24 earnings per share for the current fiscal year.
Webster Financial Dividend Announcement
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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Friday, November 1st. Webster Financial's dividend payout ratio is presently 36.28%.
Wall Street Analysts Forecast Growth
WBS has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their target price on shares of Webster Financial from $57.00 to $62.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. dropped their price objective on shares of Webster Financial from $58.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, October 9th. Stephens set a $58.00 price target on Webster Financial in a research note on Thursday, October 17th. Barclays lifted their price objective on Webster Financial from $60.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company upped their target price 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $57.85.
Check Out Our Latest Stock Report on WBS
Institutional Trading of Webster Financial
A number of institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in Webster Financial during the third quarter worth $27,000. UMB Bank n.a. boosted its position 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 during the period. Hantz Financial Services Inc. bought a new stake in shares of Webster Financial in the second quarter valued at about $32,000. Brooklyn Investment Group bought a new stake in shares of Webster Financial in the third quarter valued at about $53,000. Finally, Mather Group LLC. boosted its position 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 during the period. Institutional investors own 85.58% of the company's stock.
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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