Webster Financial Co. (NYSE:WBS) Director Sells $99,990.00 in Stock

Webster Financial Co. (NYSE:WBS) Director Lauren States sold 1,650 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $60.60, for a total transaction of $99,990.00. Following the transaction, the director now owns 15,023 shares in the company, valued at approximately $910,393.80. This trade represents a 9.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Webster Financial Trading Up 1.7 %

Shares of Webster Financial stock opened at $60.56 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $51.06 and its 200 day moving average price is $46.91. Webster Financial Co. has a twelve month low of $39.33 and a twelve month high of $61.12. The firm has a market capitalization of $10.38 billion, a PE ratio of 13.73, a P/E/G ratio of 0.89 and a beta of 1.27.

Webster Financial (NYSE:WBS) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. The business had revenue of $647.62 million during the quarter, compared to analysts’ expectations of $677.72 million. During the same period last year, the business earned $1.55 earnings per share. On average, sell-side analysts predict that Webster Financial Co. will post 5.24 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Friday, November 1st. Webster Financial’s dividend payout ratio (DPR) is 36.28%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Stephens set a $58.00 price objective on shares of Webster Financial in a research note on Thursday, October 17th. Wells Fargo & Company increased their price target on Webster Financial from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Wedbush increased their price target on Webster Financial from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Royal Bank of Canada increased their price target on Webster Financial from $57.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Barclays increased their price target on Webster Financial from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.85.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC lifted its stake in Webster Financial by 1,859.1% in the 2nd quarter. Sound Income Strategies LLC now owns 15,692 shares of the financial services provider’s stock worth $684,000 after purchasing an additional 14,891 shares in the last quarter. Boston Partners raised its position in shares of Webster Financial by 44.2% during the 1st quarter. Boston Partners now owns 264,937 shares of the financial services provider’s stock valued at $13,439,000 after buying an additional 81,201 shares during the period. Texas Permanent School Fund Corp raised its position in shares of Webster Financial by 13.5% during the 2nd quarter. Texas Permanent School Fund Corp now owns 170,852 shares of the financial services provider’s stock valued at $7,447,000 after buying an additional 20,300 shares during the period. Capital Group Private Client Services Inc. raised its position in shares of Webster Financial by 18.3% during the 1st quarter. Capital Group Private Client Services Inc. now owns 106,042 shares of the financial services provider’s stock valued at $5,384,000 after buying an additional 16,394 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Webster Financial by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 17,926,270 shares of the financial services provider’s stock valued at $910,117,000 after buying an additional 54,841 shares during the period. 85.58% of the stock is owned by hedge funds and other institutional investors.

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.