Chief Risk Officer Daniel Bley of Webster Financial Corp (WBS, Financial) executed a sale of 3,000 shares of the company on July 26, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 22,992 shares of the company. The shares were sold at a price of $48.99, valuing the transaction at approximately $146,970.
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, Daniel Bley has sold a total of 9,028 shares of Webster Financial Corp and has not made any purchases of the stock. This recent transaction follows a pattern observed over the last year, where there have been 18 insider sells and no insider buys.
The stock of Webster Financial Corp was trading at $48.99 on the day of the sale, giving the company a market cap of approximately $8.28 billion. The price-earnings ratio stands at 10.52, slightly higher than the industry median of 10.36 but lower than the company’s historical median.
According to the GF Value, the intrinsic value estimate for Webster Financial Corp is $50.24 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.98.
The insider transaction trend at Webster Financial Corp shows a clear preference for selling over buying among insiders, which could be an area of interest for investors.
This sale by Daniel Bley aligns with the broader insider selling trend at Webster Financial Corp and provides investors with a snapshot of insider activity that could influence investment decisions.
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.
