Webster Financial Co. (NYSE:WBS – Get Free Report) insider Daniel Bley sold 2,280 shares of Webster Financial stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $44.80, for a total transaction of $102,144.00. Following the completion of the sale, the insider now owns 28,693 shares of the company’s stock, valued at approximately $1,285,446.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 transaction of $95,200.00.
Webster Financial Stock Performance
Webster Financial stock opened at $44.92 on Friday. The business has a 50 day moving average of $47.62 and a 200-day moving average of $46.66. The company has a market capitalization of $7.72 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.40 and a beta of 1.35. Webster Financial Co. has a 1 year low of $31.03 and a 1 year high of $53.39. 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 Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Friday, May 3rd. Webster Financial’s payout ratio is presently 32.79%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Barclays dropped their price objective on Webster Financial from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Morgan Stanley upped their price objective on shares of Webster Financial from $51.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Raymond James restated an “outperform” rating and issued a $60.00 target price on shares of Webster Financial in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods cut their target price on Webster Financial from $64.00 to $58.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Finally, Jefferies Financial Group lowered their price target on Webster Financial from $65.00 to $56.00 and set a “buy” rating for the company in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.23.
Institutional Investors Weigh In On Webster Financial
Institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new position in shares of Webster Financial in the first quarter worth approximately $29,000. Spire Wealth Management boosted its stake in shares of Webster Financial by 79.1% in the 4th quarter. Spire Wealth Management now owns 607 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 268 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Webster Financial during the third quarter worth $32,000. Bruce G. Allen Investments LLC bought a new position in Webster Financial during the fourth quarter worth $42,000. Finally, Principal Securities Inc. bought a new position in Webster Financial during the fourth quarter worth $45,000. Institutional investors own 85.58% of the company’s stock.
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.
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