Luis Massiani, the COO of Webster Financial Corp (WBS, Financial), sold 13,500 shares of the company on January 30, 2024, according to a recent SEC Filing. Webster Financial Corp is a bank holding company for Webster Bank, which provides financial services to individuals, families, and businesses in the Northeastern United States. The company offers a range of banking, investment, and financial services, including commercial and consumer banking, mortgage lending, financial planning, trust, and investment services.
Over the past year, the insider has sold a total of 29,500 shares and has not made any purchases of the company's stock. The recent transaction is part of a series of sales by the insider, indicating a consistent pattern of share disposals over the period.
The insider transaction history for Webster Financial Corp shows a lack of insider purchases over the past year, with a total of 0 insider buys. In contrast, there have been 6 insider sells during the same timeframe, suggesting a trend of insider selling activity.
On the day of the insider's recent sale, shares of Webster Financial Corp were trading at $51.63, resulting in a market cap of $9.008 billion. The price-earnings ratio of the stock stands at 10.71, which is above the industry median of 9.42 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 0.89, with a current share price of $51.63 and a GuruFocus Value of $57.75. This indicates that Webster Financial Corp is considered Fairly Valued based on its GF Value.
The GF Value is calculated by GuruFocus and takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
