Today, a Director at Webster Financial (WBS), John Joseph Crawford, bought shares of WBS for $10.28K.
Following this transaction John Joseph Crawford’s holding in the company was increased by 29.45% to a total of $406.4K. This is Crawford’s first Buy trade following 13 Sell transactions.
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Based on Webster Financial’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $341 million and quarterly net profit of $99.67 million. In comparison, last year the company earned revenue of $295 million and had a net profit of $64.45 million. WBS’s market cap is $5.52B and the company has a P/E ratio of 17.12. Currently, Webster Financial has an average volume of 63.67K.
Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $66.00, reflecting a 11.0% upside.
In the last 30 days, insiders have sold $239.6K worth of WBS shares and purchased $10.28K worth of WBS shares. The insider sentiment on Webster Financial has been neutral according to 81 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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Webster Financial Corp. operates as a holding company for Webster Bank NA. It engages in providing financial services to individuals, families and businesses. It offers equipment financing, commercial real estate lending and asset-based lending services.
