Webster Financial Corp (WBS): Joseph J Savage , Executive Vice Chairman of Webster Financial Corp sold 2,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $36.83 per share for a total value of $73,653.60 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, John R Ciulla (President) sold 12,231 shares at $36.64 per share price.On Apr 28, 2016, Gregory Madar (Chief Accounting Officer) sold 2,115 shares at $37.41 per share price.Also, On Apr 25, 2016, Daniel Bley (EVP-Chief Risk Officer) sold 2,500 shares at $36.96 per share price.On Apr 22, 2016, Dawn C Morris (EVP-Chief Marketing Officer) sold 762 shares at $36.79 per share price.
Webster Financial Corporation: On Monday, May 2, 2016 heightened volatility was witnessed in Webster Financial Corporation which led to swings in the share price. The shares opened for trading at $36.66 and hit $37.08 on the upside , eventually ending the session at $37, with a gain of 0.98% or 0.36 points. The heightened volatility saw the trading volume jump to 5,66,511 shares. The 52-week high of the share price is $41.34 and the company has a market cap of $3,383 M . The 52-week low of the share price is at $30.09.
Company has been under the radar of several Street Analysts.Webster Financial Corporation is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 36 from a previous price target of $35 .The Rating was issued on Apr 20, 2016.
Webster Financial Corporation (Webster) is a bank and financial holding company. Webster Financial Corporations principal assets include the outstanding capital stock of Webster Bank National Association (Webster Bank). Webster through Webster Bank and non-banking financial services subsidiaries delivers financial services to individuals families and businesses. Webster Bank provides commercial small business and consumer banking mortgage lending financial planning and trust and investment services through banking centers automatic teller machines telephone banking mobile banking and online banking through www.websterbank.com. The Company operates in three segments: Commercial Banking Community Banking and Other. The Community Banking consists of the Personal Banking and Business Banking operations. Commercial Banking provides lending deposit and treasury and payment solutions. Other segment activities consist of HSA Bank and the Private Banking operating segments.