Chief Risk Officer Daniel Bley executed a sale of 1,750 shares of Webster Financial Corp (WBS, Financial) on November 6, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 17,779 shares of the company.
Webster Financial Corp operates as the bank holding company for Webster Bank, National Association, providing financial services primarily in the United States. The company offers commercial and consumer banking, mortgage lending, financial planning, trust, and investment services among other products.
Over the past year, Daniel Bley has sold a total of 14,241 shares and has not made any purchases. The broader insider transaction trend at Webster Financial Corp shows a total of 28 insider sales and no insider buys over the past year, indicating a possible preference for selling among insiders during this period.
Shares of Webster Financial Corp were trading at $59.78 on the day of the sale. The company has a market cap of approximately $9.89 billion. The price-earnings ratio stands at 13.08, which is above the industry median of 10.67.
According to the GF Value, the intrinsic value of Webster Financial Corp's stock is estimated at $46.82, making the current price-to-GF-Value ratio 1.28. This suggests that the stock is Modestly Overvalued.
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 could be part of normal portfolio adjustments or other strategic financial planning. Investors often monitor insider transactions as they can provide insights into how the company's executives view 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.
