Webster Financial Co. (NYSE:WBS) Director John Joseph Crawford sold 2,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $45.34, for a total transaction of $90,680.00. Following the sale, the director now directly owns 12,099 shares of the company’s stock, valued at approximately $548,568.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
John Joseph Crawford also recently made the following trade(s):
- On Monday, October 28th, John Joseph Crawford sold 1,000 shares of Webster Financial stock. The shares were sold at an average price of $45.68, for a total transaction of $45,680.00.
NYSE WBS opened at $47.38 on Thursday. The company has a fifty day simple moving average of $45.97 and a two-hundred day simple moving average of $47.46. The stock has a market cap of $4.28 billion, a P/E ratio of 12.67, a P/E/G ratio of 1.42 and a beta of 1.27. Webster Financial Co. has a 12-month low of $42.29 and a 12-month high of $61.49. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.65.
Webster Financial (NYSE:WBS) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.01). The company had revenue of $310.50 million during the quarter, compared to analysts’ expectations of $314.65 million. Webster Financial had a return on equity of 13.49% and a net margin of 27.14%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. As a group, sell-side analysts forecast that Webster Financial Co. will post 4.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.38%. Webster Financial’s dividend payout ratio is currently 42.78%.
A number of research firms recently commented on WBS. Zacks Investment Research cut shares of Webster Financial from a “hold” rating to a “sell” rating and set a $47.00 target price for the company. in a research report on Saturday, October 19th. Wells Fargo & Co decreased their target price on shares of Webster Financial from $55.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, October 2nd. Compass Point cut shares of Webster Financial from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. ValuEngine raised shares of Webster Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Stephens began coverage on shares of Webster Financial in a research report on Monday, October 28th. They set an “underweight” rating and a $42.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $52.33.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new position in shares of Webster Financial in the third quarter worth $48,000. Quest Capital Management Inc. ADV purchased a new position in shares of Webster Financial in the third quarter worth $110,000. Advisory Services Network LLC raised its holdings in shares of Webster Financial by 9.6% in the second quarter. Advisory Services Network LLC now owns 3,275 shares of the financial services provider’s stock worth $157,000 after buying an additional 287 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Webster Financial by 21.9% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,747 shares of the financial services provider’s stock worth $176,000 after buying an additional 674 shares during the last quarter. Finally, Menta Capital LLC purchased a new position in shares of Webster Financial in the second quarter worth $202,000. 88.68% of the stock is owned by institutional investors and hedge funds.
About Webster Financial
Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Community Banking.
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