Webster Financial Corporation (NYSE:WBS) was the target of some unusual options trading on Wednesday. Investors bought 900 call options on the stock. This is an increase of approximately Infinity compared to the average daily volume of 0 call options.
In other Webster Financial Corporation news, Director Karen R. Osar sold 12,923 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $54.70, for a total value of $706,888.10. Following the transaction, the director now directly owns 36,984 shares of the company’s stock, valued at $2,023,024.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman James Copenhaver Smith sold 8,943 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $55.93, for a total value of $500,181.99. Following the completion of the transaction, the chairman now directly owns 316,103 shares in the company, valued at $17,679,640.79. The disclosure for this sale can be found here. Insiders have sold 36,107 shares of company stock valued at $1,988,452 in the last three months. Insiders own 2.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Seven Eight Capital LP acquired a new stake in Webster Financial Corporation during the second quarter worth about $141,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Webster Financial Corporation by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 274 shares in the last quarter. Sky Investment Group LLC purchased a new position in Webster Financial Corporation during the second quarter worth approximately $200,000. Advisor Group Inc. boosted its position in Webster Financial Corporation by 13.3% during the second quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 474 shares in the last quarter. Finally, BB&T Securities LLC purchased a new position in Webster Financial Corporation during the second quarter worth approximately $212,000. 93.94% of the stock is currently owned by hedge funds and other institutional investors.
Webster Financial Corporation (NYSE:WBS) opened at $52.84 on Wednesday. Webster Financial Corporation has a 1 year low of $44.04 and a 1 year high of $57.50. The stock has a market capitalization of $4,865.23, a PE ratio of 20.89, a P/E/G ratio of 2.54 and a beta of 1.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.81 and a current ratio of 0.81.
Webster Financial Corporation (NYSE:WBS) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $266.75 million for the quarter, compared to analyst estimates of $269.03 million. Webster Financial Corporation had a return on equity of 9.89% and a net margin of 21.09%. During the same period in the prior year, the company earned $0.54 earnings per share. equities analysts predict that Webster Financial Corporation will post 2.6 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.97%. The ex-dividend date is Monday, November 6th. Webster Financial Corporation’s dividend payout ratio (DPR) is 41.11%.
A number of research analysts recently commented on the company. ValuEngine cut Webster Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Deutsche Bank AG boosted their price target on Webster Financial Corporation from $51.00 to $53.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $63.00 price target on shares of Webster Financial Corporation in a report on Friday, October 20th. Barclays PLC set a $55.00 price objective on Webster Financial Corporation and gave the stock a “hold” rating in a research note on Friday, October 20th. Finally, Wells Fargo & Company lifted their price objective on Webster Financial Corporation from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.22.
Webster Financial Corporation Company Profile
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.
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