Joel S. Becker Sells 5,064 Shares of Webster Financial Co. (WBS) Stock

Webster Financial Co. (NYSE:WBS) Director Joel S. Becker sold 5,064 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $54.22, for a total value of $274,570.08. Following the transaction, the director now owns 58,283 shares of the company’s stock, valued at $3,160,104.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Webster Financial Co. (WBS) opened at $53.39 on Friday. Webster Financial Co. has a 52 week low of $44.04 and a 52 week high of $60.32. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $5,042.53, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15.

Webster Financial (NYSE:WBS) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.06. The business had revenue of $270.97 million during the quarter, compared to the consensus estimate of $269.64 million. Webster Financial had a return on equity of 9.91% and a net margin of 21.77%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. equities analysts anticipate that Webster Financial Co. will post 3.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, February 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.95%. Webster Financial’s dividend payout ratio is currently 39.10%.

WBS has been the subject of several recent analyst reports. Barclays set a $55.00 price target on Webster Financial and gave the stock a “hold” rating in a research note on Friday, October 20th. Wells Fargo & Co restated a “market perform” rating and issued a $60.00 price target (up from $55.00) on shares of Webster Financial in a research note on Tuesday, January 9th. Boenning Scattergood restated a “hold” rating on shares of Webster Financial in a research note on Friday, October 20th. ValuEngine downgraded Webster Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $63.00 price target on shares of Webster Financial in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $59.82.

Several hedge funds and other institutional investors have recently bought and sold shares of WBS. PNC Financial Services Group Inc. boosted its position in shares of Webster Financial by 4.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,048 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 195 shares during the last quarter. Citigroup Inc. boosted its position in shares of Webster Financial by 182.0% during the 2nd quarter. Citigroup Inc. now owns 12,792 shares of the financial services provider’s stock valued at $668,000 after acquiring an additional 8,256 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Webster Financial by 13.3% during the 2nd quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 474 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of Webster Financial by 42.1% during the 2nd quarter. Flinton Capital Management LLC now owns 4,480 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 1,328 shares during the last quarter. Finally, Shelton Capital Management bought a new position in shares of Webster Financial during the 2nd quarter valued at approximately $361,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

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About Webster Financial

Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.

Insider Buying and Selling by Quarter for Webster Financial (NYSE:WBS)

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