Todays Report: The 500 Shares of Webster Financial Corp. (WBS) Stock are sold by Gregory Madar

The 500 Shares of Webster Financial Corp. (WBS) Stock are sold by Gregory Madar

Webster Financial Corp. (NYSE:WBS) insider Gregory Madar sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $37.61, for a total value of $18,805.00. Following the completion of the transaction, the insider now owns 10,140 shares of the company’s stock, valued at approximately $381,365.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Webster Financial Corp. (NYSE:WBS) opened at 40.23 on Monday. Webster Financial Corp. has a 52-week low of $30.09 and a 52-week high of $40.73. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 19.07 and a beta of 1.46. The company’s 50 day moving average price is $38.26 and its 200 day moving average price is $36.96.

Webster Financial Corp. (NYSE:WBS) last posted its quarterly earnings results on Friday, October 21st. The financial services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. Webster Financial Corp. had a return on equity of 8.75% and a net margin of 19.13%. The company earned $246.60 million during the quarter, compared to the consensus estimate of $178.53 million. During the same period last year, the business earned $0.54 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts forecast that Webster Financial Corp. will post $2.11 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 8th will be paid a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, November 4th. Webster Financial Corp.’s dividend payout ratio (DPR) is presently 46.95%.

Several large investors have recently bought and sold shares of WBS. Commerce Bank increased its stake in Webster Financial Corp. by 0.4% in the second quarter. Commerce Bank now owns 12,705 shares of the financial services provider’s stock worth $431,000 after buying an additional 50 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in Webster Financial Corp. by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 15,824 shares of the financial services provider’s stock worth $537,000 after buying an additional 51 shares during the period. Creative Planning increased its stake in Webster Financial Corp. by 1.0% in the second quarter. Creative Planning now owns 6,467 shares of the financial services provider’s stock worth $220,000 after buying an additional 65 shares during the period. Essex Financial Services Inc. increased its stake in Webster Financial Corp. by 0.5% in the second quarter. Essex Financial Services Inc. now owns 15,651 shares of the financial services provider’s stock worth $531,000 after buying an additional 80 shares during the period. Finally, FMR LLC increased its stake in Webster Financial Corp. by 1.1% in the second quarter. FMR LLC now owns 10,203 shares of the financial services provider’s stock worth $346,000 after buying an additional 115 shares during the period. 94.30% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised Webster Financial Corp. from a “sell” rating to a “hold” rating in a research report on Thursday. FBR & Co upped their target price on Webster Financial Corp. from $36.00 to $38.00 and gave the company a “mkt perform” rating in a research report on Monday, October 24th. Deutsche Bank AG upped their target price on Webster Financial Corp. from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. Barclays PLC lowered Webster Financial Corp. from an “overweight” rating to an “equal weight” rating and set a $38.00 target price on the stock. in a research report on Friday, August 5th. Finally, JPMorgan Chase & Co. cut their target price on Webster Financial Corp. from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Webster Financial Corp. currently has a consensus rating of “Hold” and a consensus price target of $38.43.

Webster Financial Corp. Company Profile

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