Webster Financial (NYSE:WBS – Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01), Briefing.com reports. Webster Financial had a return on equity of 11.81% and a net margin of 19.81%. During the same period last year, the firm posted $1.55 earnings per share.
Webster Financial Stock Performance
Webster Financial stock traded up $4.13 during midday trading on Thursday, hitting $52.75. 146,355 shares of the company were exchanged, compared to its average volume of 1,229,718. The business has a fifty day simple moving average of $45.83 and a two-hundred day simple moving average of $45.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $9.04 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 0.81 and a beta of 1.28. Webster Financial has a fifty-two week low of $36.36 and a fifty-two week high of $53.39.
Insider Buying and Selling at Webster Financial
In related news, insider Jason A. Soto sold 1,650 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $46.32, for a total transaction of $76,428.00. Following the sale, the insider now directly owns 20,539 shares of the company’s stock, valued at approximately $951,366.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Jason A. Soto sold 1,650 shares of Webster Financial stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $46.32, for a total value of $76,428.00. Following the completion of the transaction, the insider now owns 20,539 shares in the company, valued at $951,366.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles L. Wilkins sold 5,000 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $49.07, for a total value of $245,350.00. Following the completion of the transaction, the insider now directly owns 45,157 shares of the company’s stock, valued at $2,215,853.99. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Read Our Latest Stock Analysis on WBS
About Webster Financial
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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