Webster Financial Co. (NYSE:WBS) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 2,220 call options on the stock. This represents an increase of approximately 1,865% compared to the typical daily volume of 113 call options.

Several research analysts have recently issued reports on WBS shares. Deutsche Bank upped their target price on shares of Webster Financial from $51.00 to $53.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded shares of Webster Financial from a “buy” rating to a “hold” rating and set a $63.00 target price on the stock. in a research note on Saturday, January 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $71.00 target price on shares of Webster Financial in a research note on Friday, December 22nd. ValuEngine downgraded shares of Webster Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Barclays upped their target price on shares of Webster Financial from $55.00 to $59.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $58.67.

In other news, Director Karen R. Osar sold 12,923 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $54.70, for a total value of $706,888.10. Following the transaction, the director now owns 36,984 shares in the company, valued at $2,023,024.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel Bley sold 1,486 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $54.74, for a total transaction of $81,343.64. Following the completion of the transaction, the executive vice president now owns 25,547 shares in the company, valued at approximately $1,398,442.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,107 shares of company stock worth $1,988,452. Insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WBS. Seven Eight Capital LP purchased a new position in shares of Webster Financial during the second quarter valued at approximately $141,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Webster Financial by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 274 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Webster Financial during the third quarter valued at approximately $202,000. Advisor Group Inc. raised its holdings in shares of Webster Financial by 13.3% during the second quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 474 shares during the last quarter. Finally, Flinton Capital Management LLC increased its holdings in Webster Financial by 42.1% during the second quarter. Flinton Capital Management LLC now owns 4,480 shares of the financial services provider’s stock valued at $234,000 after buying an additional 1,328 shares during the last quarter. 86.77% of the stock is owned by hedge funds and other institutional investors.

Webster Financial (NYSE:WBS) opened at $58.40 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.69. Webster Financial has a twelve month low of $44.04 and a twelve month high of $59.86. The firm has a market cap of $5,845.89, a P/E ratio of 23.08, a PEG ratio of 2.29 and a beta of 1.22.

Webster Financial (NYSE:WBS) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. Webster Financial had a net margin of 21.09% and a return on equity of 9.89%. The firm had revenue of $266.75 million during the quarter, compared to analysts’ expectations of $269.03 million. During the same period in the previous year, the company earned $0.54 earnings per share. analysts anticipate that Webster Financial will post 2.6 EPS for the current fiscal year.

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About Webster Financial

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.

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