Webster Financial Corp (WBS): Daniel Manning Fitzpatrick , EVP – Private Banking of Webster Financial Corp sold 6,001 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $35.31 per share for a total value of $211,885.11 , 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 3, 2016, Joseph J Savage (Executive Vice Chairman) sold 2,000 shares at $36.83 per share price.On May 2, 2016, John R Ciulla (President) sold 12,231 shares at $36.64 per share price.Also, On Apr 28, 2016, Gregory Madar (Chief Accounting Officer) sold 2,115 shares at $37.41 per share price.On Apr 25, 2016, Daniel Bley (EVP-Chief Risk Officer) sold 2,500 shares at $36.96 per share price.
Shares of Webster Financial Corporation (WBS) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.87 points or -2.41% at $35.19 with 7,93,649 shares getting traded. Post opening the session at $35.58, the shares hit an intraday low of $35.05 and an intraday high of $36 and the price vacillated in this range throughout the day. The company has a market cap of $3,217 M and the number of outstanding shares has been calculated to be 9,14,24,421 shares. The 52-week high of Webster Financial Corporation is $41.34 and the 52-week low is $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.