Atria Investments Inc Buys 772 Shares of Webster Financial Co. (NYSE:WBS)

Atria Investments Inc increased its stake in shares of Webster Financial Co. (NYSE:WBS) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,107 shares of the financial services provider’s stock after buying an additional 772 shares during the quarter. Atria Investments Inc’s holdings in Webster Financial were worth $984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Webster Financial in the third quarter worth $27,000. UMB Bank n.a. boosted its holdings in shares of Webster Financial by 340.7% in the 3rd quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock worth $28,000 after buying an additional 460 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Webster Financial during the second quarter valued at about $32,000. Mather Group LLC. grew its position in Webster Financial by 7,650.0% during the second quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider’s stock valued at $54,000 after buying an additional 1,224 shares during the period. Finally, NBC Securities Inc. increased its holdings in Webster Financial by 117.9% during the third 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 during the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of Webster Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Stephens set a $58.00 target price on Webster Financial in a research report on Thursday, October 17th. Morgan Stanley lowered their target price on Webster Financial from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. Wells Fargo & Company increased their price target on Webster Financial from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada boosted their price objective on Webster Financial from $57.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.85.

Webster Financial Trading Up 0.6 %

Shares of Webster Financial stock opened at $60.07 on Monday. The company’s 50-day moving average price is $49.79 and its 200-day moving average price is $46.51. The company has a market cap of $10.30 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.89 and a beta of 1.27. Webster Financial Co. has a 12-month low of $39.33 and a 12-month high of $61.12. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45.

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

Webster Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were paid a $0.40 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.60 dividend on an annualized basis and a yield of 2.66%. Webster Financial’s dividend payout ratio is currently 36.28%.

Insider Buying and Selling at Webster Financial

In related news, Director Mark Pettie sold 4,500 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $51.14, for a total value of $230,130.00. Following the completion of the transaction, the director now directly owns 32,780 shares in the company, valued at approximately $1,676,369.20. The trade was a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Bley sold 3,463 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $52.10, for a total value of $180,422.30. Following the sale, the insider now owns 19,529 shares in the company, valued at $1,017,460.90. The trade was a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,100 shares of company stock valued at $1,202,237 in the last 90 days. Corporate insiders own 0.88% of the company’s stock.

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.