Webster Financial Corporation Sees Unusually High Options Volume (WBS)

Webster Financial Corporation (NYSE:WBS) was the target of unusually large options trading activity on Wednesday. Traders acquired 900 call options on the company. This is an increase of Infinity compared to the typical daily volume of 0 call options.

In other news, Director Karen R. Osar sold 12,923 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $54.70, for a total transaction of $706,888.10. Following the transaction, the director now directly owns 36,984 shares of the company’s stock, valued at approximately $2,023,024.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Joseph Crawford sold 11,516 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $54.83, for a total transaction of $631,422.28. Following the transaction, the director now directly owns 16,953 shares in the company, valued at $929,532.99. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,107 shares of company stock worth $1,988,452. Corporate insiders own 2.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. World Asset Management Inc lifted its holdings in Webster Financial Corporation by 2.2% in the 2nd quarter. World Asset Management Inc now owns 5,827 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 126 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Webster Financial Corporation by 2.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,391 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 181 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Webster Financial Corporation by 4.0% in 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 purchasing an additional 195 shares in the last quarter. Bank of Montreal Can lifted its holdings in Webster Financial Corporation by 3.4% in the 2nd quarter. Bank of Montreal Can now owns 6,047 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 200 shares in the last quarter. Finally, Hartford Financial Management Inc. lifted its holdings in Webster Financial Corporation by 0.6% in the 2nd quarter. Hartford Financial Management Inc. now owns 38,340 shares of the financial services provider’s stock valued at $2,002,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Webster Financial Corporation (NYSE WBS) opened at $54.96 on Monday. The stock has a market cap of $5,058.19, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.65 and a beta of 1.23. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.69. Webster Financial Corporation has a 1-year low of $39.62 and a 1-year high of $57.50.

Webster Financial Corporation (NYSE:WBS) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.03. The company had revenue of $266.75 million for the quarter, compared to analyst estimates of $269.03 million. Webster Financial Corporation had a net margin of 21.09% and a return on equity of 9.89%. During the same period in the prior year, the firm earned $0.54 EPS. equities research analysts predict that Webster Financial Corporation will post 2.6 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be issued a $0.26 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.89%. Webster Financial Corporation’s dividend payout ratio (DPR) is 41.11%.

A number of equities research analysts recently commented on WBS shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $63.00 price objective on shares of Webster Financial Corporation in a research note on Friday, October 20th. Wells Fargo & Company increased their price objective on shares of Webster Financial Corporation from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Boenning Scattergood reissued a “hold” rating on shares of Webster Financial Corporation in a research note on Friday, October 20th. Barclays PLC set a $55.00 price objective on shares of Webster Financial Corporation and gave the company a “hold” rating in a research note on Friday, October 20th. Finally, Piper Jaffray Companies reissued a “sell” rating and issued a $46.00 price objective on shares of Webster Financial Corporation in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $54.11.

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About Webster Financial Corporation

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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