Webster Financial Co. (NYSE:WBS) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its stake in Webster Financial Co. (NYSE:WBS) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,742 shares of the financial services provider’s stock after selling 4,928 shares during the quarter. Leeward Investments LLC MA’s holdings in Webster Financial were worth $7,937,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sanctuary Advisors LLC increased its stake in shares of Webster Financial by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 19,336 shares of the financial services provider’s stock worth $1,163,000 after acquiring an additional 178 shares during the last quarter. Cardinal Capital Management grew its stake in shares of Webster Financial by 0.4% in the 4th quarter. Cardinal Capital Management now owns 49,983 shares of the financial services provider’s stock valued at $2,760,000 after buying an additional 189 shares during the period. Penbrook Management LLC increased its holdings in shares of Webster Financial by 4.3% during the 4th quarter. Penbrook Management LLC now owns 4,830 shares of the financial services provider’s stock worth $267,000 after buying an additional 200 shares during the last quarter. Assetmark Inc. raised its position in shares of Webster Financial by 9.3% during the 3rd quarter. Assetmark Inc. now owns 2,611 shares of the financial services provider’s stock valued at $122,000 after buying an additional 222 shares during the period. Finally, Wedmont Private Capital lifted its holdings in Webster Financial by 3.2% in the fourth quarter. Wedmont Private Capital now owns 7,628 shares of the financial services provider’s stock valued at $409,000 after acquiring an additional 237 shares during the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on WBS shares. Royal Bank of Canada raised their target price on Webster Financial from $66.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Barclays raised their price objective on Webster Financial from $63.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. StockNews.com raised Webster Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 11th. Wells Fargo & Company raised Webster Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $75.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Webster Financial from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Webster Financial currently has a consensus rating of “Moderate Buy” and an average price target of $62.08.

Webster Financial Price Performance

WBS stock opened at $55.76 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $9.56 billion, a P/E ratio of 12.76, a P/E/G ratio of 1.02 and a beta of 1.29. The business’s 50-day moving average is $57.58 and its two-hundred day moving average is $53.39. Webster Financial Co. has a 1 year low of $39.33 and a 1 year high of $63.99.

Webster Financial (NYSE:WBS) last posted its quarterly earnings results on Friday, January 17th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate 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 $687.53 million. During the same quarter in the previous year, the business posted $1.46 EPS. Analysts anticipate that Webster Financial Co. will post 5.88 earnings per share for the current fiscal year.

Webster Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Monday, February 10th. Webster Financial’s dividend payout ratio is presently 36.61%.

Insider Buying and Selling at Webster Financial

In related news, Director Laurence C. Morse sold 13,217 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $59.07, for a total value of $780,728.19. Following the completion of the transaction, the director now directly owns 18,808 shares of the company’s stock, valued at $1,110,988.56. This represents a 41.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel Bley sold 500 shares of the company’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 transaction, the insider now directly owns 17,279 shares of the company’s stock, valued at $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. Insiders have sold a total of 21,717 shares of company stock worth $1,271,123 over the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Webster Financial Company 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.