Webster Financial Corporation (NYSE:WBS) EVP Daniel Bley sold 1,239 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $55.38, for a total value of $68,615.82. Following the completion of the sale, the executive vice president now owns 22,721 shares in the company, valued at $1,258,288.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Daniel Bley also recently made the following trade(s):

  • On Tuesday, October 24th, Daniel Bley sold 1,486 shares of Webster Financial Corporation stock. The stock was sold at an average price of $54.74, for a total value of $81,343.64.

Webster Financial Corporation (NYSE:WBS) traded down 0.14% during trading on Friday, hitting $55.70. The stock had a trading volume of 502,306 shares. The firm’s 50 day moving average is $51.19 and its 200 day moving average is $50.69. Webster Financial Corporation has a 1-year low of $39.62 and a 1-year high of $57.50. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 23.21 and a beta of 1.26.

Webster Financial Corporation (NYSE:WBS) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. Webster Financial Corporation had a return on equity of 9.89% and a net margin of 21.09%. The firm had revenue of $266.75 million during the quarter, compared to analyst estimates of $269.03 million. During the same period last year, the company posted $0.54 EPS. On average, analysts anticipate that Webster Financial Corporation will post $2.59 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, November 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.87%. Webster Financial Corporation’s payout ratio is presently 41.11%.

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Several research firms recently weighed in on WBS. Barclays PLC set a $55.00 target price on Webster Financial Corporation and gave the stock a “hold” rating in a research report on Friday, October 20th. ValuEngine downgraded Webster Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Wells Fargo & Company increased their target price on Webster Financial Corporation from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded Webster Financial Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday, August 3rd. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Webster Financial Corporation in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Webster Financial Corporation currently has an average rating of “Hold” and a consensus price target of $54.11.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. World Asset Management Inc boosted its position in Webster Financial Corporation by 2.2% during the 2nd quarter. World Asset Management Inc now owns 5,827 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 126 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Webster Financial Corporation by 2.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,391 shares of the financial services provider’s stock valued at $386,000 after buying an additional 181 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Webster Financial Corporation by 4.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,048 shares of the financial services provider’s stock valued at $263,000 after buying an additional 195 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Webster Financial Corporation by 3.4% during the 2nd quarter. Bank of Montreal Can now owns 6,047 shares of the financial services provider’s stock valued at $315,000 after buying an additional 200 shares during the last quarter. Finally, Hartford Financial Management Inc. lifted its holdings in shares of Webster Financial Corporation by 0.6% during the 2nd quarter. Hartford Financial Management Inc. now owns 38,340 shares of the financial services provider’s stock valued at $2,002,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 92.78% of the company’s stock.

About Webster Financial Corporation

Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.

Insider Buying and Selling by Quarter for Webster Financial Corporation (NYSE:WBS)

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