Webster Financial Co. (NYSE:WBS) Insider Sells $102,144.00 in Stock

Webster Financial Co. (NYSE:WBS) insider Daniel Bley sold 2,280 shares of Webster Financial stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $44.80, for a total value of $102,144.00. Following the completion of the sale, the insider now directly owns 28,693 shares in the company, valued at approximately $1,285,446.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Thursday, February 29th, Daniel Bley sold 2,000 shares of Webster Financial stock. The shares were sold at an average price of $47.60, for a total value of $95,200.00.

Webster Financial Stock Performance

NYSE WBS traded up $0.42 during trading on Thursday, reaching $44.80. 4,468,024 shares of the company’s stock were exchanged, compared to its average volume of 1,221,590. Webster Financial Co. has a fifty-two week low of $31.03 and a fifty-two week high of $53.39. The stock has a market capitalization of $7.69 billion, a P/E ratio of 9.17, a PEG ratio of 0.39 and a beta of 1.35. The business has a 50 day moving average price of $47.67 and a 200-day moving average price of $46.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.86 and a quick ratio of 0.86.

Webster Financial (NYSE:WBS) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). The company had revenue of $667.10 million during the quarter, compared to the consensus estimate of $680.72 million. Webster Financial had a net margin of 21.09% and a return on equity of 12.55%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 earnings per share. Sell-side analysts forecast that Webster Financial Co. will post 5.62 earnings per share for the current fiscal year.

Webster Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, May 3rd. Webster Financial’s dividend payout ratio (DPR) is currently 32.79%.

Institutional Investors Weigh In On Webster Financial

Several institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in Webster Financial during the fourth quarter worth $127,000. Charles Schwab Investment Management Inc. lifted its stake in Webster Financial by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,278,976 shares of the financial services provider’s stock worth $51,556,000 after purchasing an additional 21,026 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its stake in Webster Financial by 98.1% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 149,258 shares of the financial services provider’s stock worth $7,576,000 after purchasing an additional 73,924 shares during the last quarter. FDx Advisors Inc. lifted its stake in Webster Financial by 7.6% during the third quarter. FDx Advisors Inc. now owns 5,753 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 408 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Webster Financial by 58.2% during the third quarter. Envestnet Asset Management Inc. now owns 319,379 shares of the financial services provider’s stock worth $12,874,000 after purchasing an additional 117,437 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank of Canada lowered their target price on Webster Financial from $57.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Citigroup lowered their target price on Webster Financial from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. JPMorgan Chase & Co. lowered their target price on Webster Financial from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Raymond James reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Webster Financial in a research report on Tuesday, March 26th. Finally, Bank of America assumed coverage on Webster Financial in a research report on Thursday, January 11th. They issued a “buy” rating and a $60.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.23.

Webster Financial Company Profile

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.