On November 6, 2024, Javier Evans, Chief Human Resources Officer of Webster Financial Corp (WBS, Financial), executed a sale of 10,137 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 22,852.359 shares of Webster Financial Corp.
Webster Financial Corp operates as the bank holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Retail Banking.
Over the past year, the insider transaction history for Webster Financial Corp shows a total of 28 insider sells and no insider buys. This recent sale by Javier Evans aligns with the ongoing trend of insider sales at the company.
Shares of Webster Financial Corp were trading at $57.41 on the day of the sale, giving the company a market cap of approximately $9.89 billion. The price-earnings ratio of the company stands at 13.08, which is above the industry median of 10.67.
The stock's GF Value is estimated at $46.82, indicating that with a trading price of $57.41, Webster Financial Corp is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.23.
The GF Value is calculated considering historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider might be of interest to current and potential investors, providing insight into the insider's perspective on the stock's valuation and future prospects.
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.
