Company shares last traded at $54.44 which is slightly above $50.81, the stock’s 50 day moving average and barely above the 200 day moving average of $50.61. The 50 day moving average was up $3.63 and the 200 day average moved up $3.83. 637K shares changed hands by the end of trading on Tuesday. Trading volume was down 9.41% under the stocks average daily volume.
Traders are feeling more bearish on shares of the company of late if you take note of the increase in short interest. The company saw a rise in short interest of 4.79% between September 15, 2017 and September 29, 2017. Short interest increased 263,658 over that period. With short interest at 5,766,151 and short average daily volume at 516,383, the short-interest ratio is 11.0 and the percentage of shorted shares was 0.06% on September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (WBS). Gemmer Asset Management LLC added to its position by buying 32 shares an increase of 13.2%. Gemmer Asset Management LLC now controls 274 shares valued at $14,000. The total value of its holdings increased 7.7%. Fisher Asset Management, LLC trimmed its investment by selling 18,280 shares a decrease of 1.0% as of 09/30/2017. Fisher Asset Management, LLC claims 1,803,155 shares with a value of $94,756,000. The value of the position overall is down by 0.4%.
As of the end of the quarter Mutual Of America Capital Management LLC had bought 69,244 shares growing its stake by 90.4%. The value of the company’s investment in Webster Financial Corporation went from $3,999,000 to $7,663,000 a change of $3,664,000 quarter to quarter. As of quarter end State Treasurer State Of Michigan had disposed of a total of 3,400 shares trimming its position 8.9%. The value of the investment in Webster Financial Corporation decreased from $1,987,000 to $1,821,000 a change of 8.4% quarter over quarter.
October 20 investment analysts at Barclays kept the company rating at “Equal-Weight” but raised the price expectation to $55.00 from $50.00.
In the market the company is trading unchanged by % percent from yesterday’s close. Webster Financial Corporation also announced a dividend paid on Monday August 21st, 2017. The dividend was $0.260 per share for the quarter or $1.04 on an annualized basis. This dividend represents a yield of $1.90 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 3rd of August 2017.
Webster Financial Corporation currently has a P/E ratio of 22.68 and market capitalization is 5.01B. In the last earnings report the EPS was $2.40 and is projected to be $2.59 for the current year with 92,075,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.66 and the next full year EPS is anticipated to be $2.86.
Webster Financial Corporation (Webster), launched on September 10, 1986, is a bank and financial holding company. The Business’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking. The Community Banking segment consists of its Personal Banking and Business Banking segments. HSA Bank, a division of the Business’s wholly owned subsidiary, Webster Bank, National Association (Webster Bank), offers health savings accounts, health reimbursement accounts, flexible spending accounts, and other financial solutions to employers for the benefit of their employees and individuals. Private Banking provides local, full relationship banking that serves high-net-worth clients, not-for-profit organizations, and business clients with asset management, trust, loan and deposit products, and financial planning services. The Business’s treasury unit and consumer liquidating portfolio are included in the Corporate and Reconciling category..