Houlihan Financial Resource Group Ltd. Makes New Investment in Webster Financial Co. (NYSE:WBS)

Houlihan Financial Resource Group Ltd. purchased a new stake in Webster Financial Co. (NYSE:WBS) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,575 shares of the financial services provider’s stock, valued at approximately $726,000.

Several other large investors also recently made changes to their positions in WBS. V Square Quantitative Management LLC acquired a new stake in shares of Webster Financial in the third quarter valued at approximately $27,000. UMB Bank n.a. grew its position in 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 purchasing an additional 460 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in Webster Financial in the 2nd quarter valued at $32,000. Mather Group LLC. lifted its position in Webster Financial by 7,650.0% during the 2nd quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider’s stock worth $54,000 after buying an additional 1,224 shares in the last quarter. Finally, NBC Securities Inc. lifted its position in Webster Financial by 117.9% during the 3rd quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider’s stock worth $59,000 after buying an additional 686 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

Insider Transactions at Webster Financial

In related news, CAO Albert Jen-Wen Wang sold 4,000 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $52.43, for a total value of $209,720.00. Following the completion of the sale, the chief accounting officer now directly owns 14,273 shares in the company, valued at $748,333.39. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Albert Jen-Wen Wang sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $52.43, for a total value of $209,720.00. Following the sale, the chief accounting officer now directly owns 14,273 shares in the company, valued at $748,333.39. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Javier L. Evans sold 10,137 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $57.41, for a total transaction of $581,965.17. Following the transaction, the insider now owns 22,657 shares of the company’s stock, valued at approximately $1,300,738.37. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,100 shares of company stock worth $1,202,237. Company insiders own 0.88% of the company’s stock.

Webster Financial Trading Up 0.0 %

NYSE WBS opened at $57.70 on Friday. Webster Financial Co. has a twelve month low of $38.54 and a twelve month high of $60.13. The business’s fifty day moving average is $48.36 and its 200 day moving average is $45.97. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.45. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.85 and a beta of 1.27.

Webster Financial (NYSE:WBS) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.01). The firm had revenue of $647.62 million for the quarter, compared to the consensus estimate of $677.72 million. Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. During the same quarter last year, the firm posted $1.55 earnings per share. As a group, sell-side analysts expect that Webster Financial Co. will post 5.24 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, November 1st. Webster Financial’s payout ratio is currently 36.28%.

Analysts Set New Price Targets

A number of analysts recently issued reports on WBS shares. StockNews.com raised Webster Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Barclays boosted their price target on Webster Financial from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Royal Bank of Canada increased their price target on Webster Financial from $57.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. decreased their price objective on shares of Webster Financial from $58.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Finally, Morgan Stanley cut their target price on shares of Webster Financial from $57.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.85.

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.