Webster Financial Co. (NYSE:WBS) Shares Bought by Webster Bank N. A.

Webster Bank N. A. grew its position in shares of Webster Financial Co. (NYSE:WBS) by 100.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,532 shares of the financial services provider’s stock after acquiring an additional 28,393 shares during the quarter. Webster Bank N. A.’s holdings in Webster Financial were worth $2,635,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inspire Investing LLC increased its stake in Webster Financial by 9.6% during the third quarter. Inspire Investing LLC now owns 8,832 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 771 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Webster Financial by 340.7% in the third quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock valued at $28,000 after buying an additional 460 shares in the last quarter. Wedmont Private Capital grew its stake in shares of Webster Financial by 24.2% in the third quarter. Wedmont Private Capital now owns 7,391 shares of the financial services provider’s stock valued at $334,000 after buying an additional 1,440 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Webster Financial by 28.0% in the third quarter. Handelsbanken Fonder AB now owns 43,393 shares of the financial services provider’s stock valued at $2,023,000 after purchasing an additional 9,500 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Webster Financial in the second quarter valued at about $813,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Webster Financial

In related news, insider Charles L. Wilkins sold 5,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $49.07, for a total value of $245,350.00. Following the transaction, the insider now owns 45,157 shares in the company, valued at approximately $2,215,853.99. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Charles L. Wilkins sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $49.07, for a total value of $245,350.00. Following the transaction, the insider now owns 45,157 shares of the company’s stock, valued at approximately $2,215,853.99. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John R. Ciulla sold 8,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $48.04, for a total value of $384,320.00. Following the transaction, the chief executive officer now owns 237,049 shares in the company, valued at $11,387,833.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,650 shares of company stock worth $706,098. 0.88% of the stock is owned by insiders.

Webster Financial Stock Up 3.9 %

Shares of WBS stock traded up $1.79 during trading hours on Friday, hitting $47.86. 1,109,231 shares of the company were exchanged, compared to its average volume of 1,164,445. The business has a 50 day moving average of $45.48 and a two-hundred day moving average of $45.31. The company has a market capitalization of $8.21 billion, a PE ratio of 9.81, a PEG ratio of 0.77 and a beta of 1.28. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.44. Webster Financial Co. has a 52 week low of $36.36 and a 52 week high of $53.39.

Webster Financial (NYSE:WBS) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.08). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $671.91 million. Webster Financial had a return on equity of 11.81% and a net margin of 19.81%. During the same quarter in the previous year, the business posted $1.50 earnings per share. Analysts anticipate that Webster Financial Co. will post 5.26 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Monday, July 29th were issued a $0.40 dividend. The ex-dividend date was Monday, July 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.34%. Webster Financial’s dividend payout ratio is currently 32.79%.

Analysts Set New Price Targets

WBS has been the subject of a number of analyst reports. Barclays reduced their price target on Webster Financial from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, June 24th. Keefe, Bruyette & Woods reduced their price objective on Webster Financial from $58.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. lowered their price objective on Webster Financial from $58.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday. Jefferies Financial Group lowered their price objective on Webster Financial from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Finally, Morgan Stanley cut their price target on Webster Financial from $57.00 to $54.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.10.

Webster Financial Profile

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.