Webster Bank N. A. Has $486,000 Stake in Webster Financial Co. (NYSE:WBS)

Webster Bank N. A. reduced its holdings in Webster Financial Co. (NYSE:WBS) by 84.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,807 shares of the financial services provider’s stock after selling 47,725 shares during the period. Webster Bank N. A.’s holdings in Webster Financial were worth $486,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in shares of Webster Financial in the 3rd quarter worth $27,000. UMB Bank n.a. lifted its stake 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 buying an additional 460 shares during the period. Brooklyn Investment Group acquired a new position in shares of Webster Financial during the 3rd quarter worth about $53,000. NBC Securities Inc. increased its stake in shares of Webster Financial by 117.9% in the 3rd quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 686 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Webster Financial by 45.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,398 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 440 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WBS. StockNews.com upgraded shares of Webster Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 11th. Stephens set a $58.00 price objective on shares of Webster Financial in a research report on Thursday, October 17th. JPMorgan Chase & Co. reduced their target price on Webster Financial from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Barclays increased their price target on Webster Financial from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Wedbush lifted their price objective on Webster Financial from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Webster Financial has a consensus rating of “Moderate Buy” and a consensus price target of $62.08.

Webster Financial Stock Up 0.5 %

Shares of WBS stock opened at $58.90 on Monday. The firm’s fifty day moving average price is $58.06 and its two-hundred day moving average price is $51.66. Webster Financial Co. has a 1 year low of $39.33 and a 1 year high of $63.99. The firm has a market capitalization of $10.10 billion, a P/E ratio of 13.48, a PEG ratio of 1.06 and a beta of 1.30. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34.

Webster Financial (NYSE:WBS) last posted its earnings results on Friday, January 17th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. The company had revenue of $661.00 million during the quarter, compared to analysts’ expectations of $687,532.71 billion. During the same quarter last year, the company posted $1.46 EPS. On average, equities analysts predict that Webster Financial Co. will post 5.83 EPS for the current fiscal year.

Insider Activity

In other news, insider Javier L. Evans sold 10,137 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $57.41, for a total transaction of $581,965.17. Following the transaction, the insider now directly owns 22,657 shares of the company’s stock, valued at approximately $1,300,738.37. This trade represents a 30.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Bley sold 500 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $61.91, for a total value of $30,955.00. Following the completion of the sale, the insider now owns 17,279 shares of the company’s stock, valued at approximately $1,069,742.89. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,287 shares of company stock valued at $1,485,050. 0.88% of the stock is owned by insiders.

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.