Webster Financial (NYSE:WBS – Get Free Report) issued its quarterly earnings data on Tuesday. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.08), Briefing.com reports. Webster Financial had a return on equity of 11.91% and a net margin of 19.81%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $671.91 million. During the same period last year, the company posted $1.50 EPS.
Webster Financial Price Performance
Shares of WBS traded up $2.17 during mid-day trading on Thursday, reaching $48.53. The company had a trading volume of 825,374 shares, compared to its average volume of 1,264,422. Webster Financial has a twelve month low of $36.36 and a twelve month high of $53.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $8.32 billion, a P/E ratio of 9.50, a P/E/G ratio of 0.56 and a beta of 1.30. The company’s 50-day moving average is $43.82 and its 200-day moving average is $46.47.
Webster Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Monday, July 29th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, July 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.30%. Webster Financial’s dividend payout ratio is presently 32.79%.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on Webster Financial
Insider Buying and Selling
In other news, insider Daniel Bley sold 2,280 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $44.80, for a total value of $102,144.00. Following the completion of the transaction, the insider now owns 28,693 shares in the company, valued at approximately $1,285,446.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO John R. Ciulla sold 8,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $48.04, for a total transaction of $384,320.00. Following the transaction, the chief executive officer now owns 237,049 shares in the company, valued at $11,387,833.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Bley sold 2,280 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $44.80, for a total transaction of $102,144.00. Following the completion of the sale, the insider now owns 28,693 shares in the company, valued at approximately $1,285,446.40. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company insiders.
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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