Webster Financial Corp. Director Robert A. Finkenzeller Sells 2,000 Shares (WBS)
Webster Financial Corp. (NYSE:WBS) Director Robert A. Finkenzeller sold 2,000 shares of the stock on the open market in a transaction dated Friday, January 31st. The shares were sold at an average price of $30.52, for a total value of $61,040.00. Following the sale, the director now directly owns 23,804 shares in the company, valued at approximately $726,498. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Webster Financial Corp. (NYSE:WBS) traded down 4.85% during mid-day trading on Monday, hitting $28.87. The stock had a trading volume of 1,089,139 shares. Webster Financial Corp. has a 52-week low of $21.82 and a 52-week high of $32.67. The stock’s 50-day moving average is $30.58 and its 200-day moving average is $28.06. The company has a market cap of $2.609 billion and a price-to-earnings ratio of 16.31.
Webster Financial Corp. (NYSE:WBS) last posted its quarterly earnings results on Friday, January 17th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.02. The company had revenue of $205.40 million for the quarter, compared to the consensus estimate of $153.13 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, analysts predict that Webster Financial Corp. will post $2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be paid a dividend of 0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Friday, February 7th.
Several analysts have recently commented on the stock. Analysts at Raymond James downgraded shares of Webster Financial Corp. from a “strong-buy” rating to an “outperform” rating in a research note to investors on Tuesday, January 21st. They now have a $34.00 price target on the stock, up previously from $30.00. They noted that the move was a valuation call. Separately, analysts at Boenning Scattergood raised their price target on shares of Webster Financial Corp. from $28.50 to $35.00 in a research note to investors on Friday, January 17th. They now have an “outperform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of Webster Financial Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, January 17th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $31.25.
Webster Financial Corporation (NYSE:WBS) is a bank holding company and financial holding company.
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