Webster Financial Co. (NYSE:WBS) was the recipient of unusually large options trading on Thursday. Traders purchased 3,055 put options on the stock. This represents an increase of approximately 1,910% compared to the average volume of 152 put options.

A number of equities research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Webster Financial from $61.00 to $62.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 24th. Barclays increased their price objective on Webster Financial from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 11th. Zacks Investment Research downgraded Webster Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 30th. Wells Fargo & Co increased their price objective on Webster Financial from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 26th. Finally, ValuEngine downgraded Webster Financial from a “buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $63.30.

In other Webster Financial news, EVP Charles L. Wilkins sold 3,000 shares of the stock in a transaction on Wednesday, July 25th. The stock was sold at an average price of $67.51, for a total transaction of $202,530.00. Following the sale, the executive vice president now owns 18,579 shares in the company, valued at $1,254,268.29. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel Bley sold 1,469 shares of the stock in a transaction on Monday, July 30th. The stock was sold at an average price of $66.36, for a total value of $97,482.84. Following the sale, the executive vice president now owns 19,329 shares in the company, valued at approximately $1,282,672.44. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its stake in shares of Webster Financial by 4.7% during the second quarter. Janney Montgomery Scott LLC now owns 16,976 shares of the financial services provider’s stock valued at $1,081,000 after buying an additional 762 shares during the last quarter. First Midwest Bank Trust Division grew its stake in shares of Webster Financial by 12.3% during the second quarter. First Midwest Bank Trust Division now owns 7,375 shares of the financial services provider’s stock valued at $470,000 after buying an additional 806 shares during the last quarter. Suntrust Banks Inc. grew its stake in shares of Webster Financial by 1.9% during the first quarter. Suntrust Banks Inc. now owns 42,777 shares of the financial services provider’s stock valued at $2,369,000 after buying an additional 814 shares during the last quarter. Federated Investors Inc. PA grew its stake in shares of Webster Financial by 2.4% during the first quarter. Federated Investors Inc. PA now owns 38,511 shares of the financial services provider’s stock valued at $2,134,000 after buying an additional 901 shares during the last quarter. Finally, Mason Street Advisors LLC grew its stake in shares of Webster Financial by 2.0% during the first quarter. Mason Street Advisors LLC now owns 46,264 shares of the financial services provider’s stock valued at $2,563,000 after buying an additional 902 shares during the last quarter. 92.27% of the stock is currently owned by hedge funds and other institutional investors.

NYSE WBS opened at $61.92 on Friday. Webster Financial has a twelve month low of $47.36 and a twelve month high of $69.63. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.21 and a beta of 1.13.

Webster Financial (NYSE:WBS) last released its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.05. Webster Financial had a return on equity of 11.46% and a net margin of 23.85%. The business had revenue of $293.40 million for the quarter, compared to the consensus estimate of $291.53 million. During the same quarter last year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. analysts predict that Webster Financial will post 3.66 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 20th. Shareholders of record on Monday, August 6th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, August 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 2.13%. Webster Financial’s payout ratio is 50.97%.

Webster Financial Company Profile

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through four segments: Commercial Banking, Community Banking, HSA Bank, and Private Banking.

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