Webster Financial Co. (NYSE:WBS) Insider Daniel Bley Sells 3,463 Shares

Webster Financial Co. (NYSE:WBS - Get Free Report) insider Daniel Bley sold 3,463 shares of the company's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $52.10, for a total value of $180,422.30. Following the completion of the sale, the insider now owns 19,529 shares in the company, valued at approximately $1,017,460.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Webster Financial Price Performance

Shares of WBS traded up $0.47 during trading hours on Tuesday, hitting $51.96. 997,023 shares of the stock were exchanged, compared to its average volume of 1,254,130. The stock's 50-day moving average price is $46.37 and its two-hundred day moving average price is $45.33. Webster Financial Co. has a 12-month low of $36.36 and a 12-month high of $54.38. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.88 and a beta of 1.28.

Webster Financial (NYSE:WBS - Get Free Report) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.01). The business had revenue of $647.62 million for the quarter, compared to analysts' expectations of $677.72 million. Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. During the same period in the previous year, the company earned $1.55 EPS. Research analysts expect that Webster Financial Co. will post 5.26 earnings per share for the current year.

Webster Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.08%. Webster Financial's payout ratio is 32.79%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WBS. Barclays raised their target price on shares of Webster Financial from $60.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday. JPMorgan Chase & Co. reduced their price objective on Webster Financial from $58.00 to $55.00 and set an "overweight" rating for the company in a research note on Wednesday, October 9th. Wedbush upped their target price on Webster Financial from $52.00 to $59.00 and gave the stock a "neutral" rating in a research note on Friday. Stephens set a $58.00 price target on Webster Financial in a research report on Thursday, October 17th. Finally, Morgan Stanley lowered their price objective on Webster Financial from $57.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.85.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WBS. V Square Quantitative Management LLC purchased a new position in shares of Webster Financial during the 3rd quarter worth $27,000. UMB Bank n.a. increased its position in Webster Financial by 340.7% during the third quarter. UMB Bank n.a. now owns 595 shares of the financial services provider's stock worth $28,000 after purchasing an additional 460 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in Webster Financial during the second quarter worth about $32,000. Mather Group LLC. boosted its holdings in Webster Financial by 7,650.0% in the 2nd quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 1,224 shares during the last quarter. Finally, NBC Securities Inc. grew its stake in shares of Webster Financial by 117.9% in the 3rd quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider's stock valued at $59,000 after buying an additional 686 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.