5,718 Shares in Webster Financial Co. (NYSE:WBS) Purchased by HB Wealth Management LLC

HB Wealth Management LLC purchased a new stake in Webster Financial Co. (NYSE:WBS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,718 shares of the financial services provider's stock, valued at approximately $316,000.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp lifted its holdings in Webster Financial by 4.8% during the 3rd quarter. State Street Corp now owns 7,320,930 shares of the financial services provider's stock worth $341,229,000 after purchasing an additional 333,606 shares during the last quarter. Earnest Partners LLC grew its position in Webster Financial by 0.4% during the second quarter. Earnest Partners LLC now owns 3,086,111 shares of the financial services provider's stock worth $134,524,000 after buying an additional 13,487 shares in the last quarter. Geode Capital Management LLC raised its holdings in Webster Financial by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,969,928 shares of the financial services provider's stock valued at $138,465,000 after acquiring an additional 54,613 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Webster Financial by 11.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,874,644 shares of the financial services provider's stock valued at $87,377,000 after acquiring an additional 191,894 shares during the period. Finally, Basswood Capital Management L.L.C. increased its position in shares of Webster Financial by 5.6% in the third quarter. Basswood Capital Management L.L.C. now owns 1,777,413 shares of the financial services provider's stock worth $82,845,000 after purchasing an additional 93,929 shares during the period. 85.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Stephens set a $58.00 price objective on shares of Webster Financial in a research report on Thursday, October 17th. Wells Fargo & Company upgraded Webster Financial from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $70.00 to $75.00 in a research note on Monday, January 6th. StockNews.com raised Webster Financial from a "sell" rating to a "hold" rating in a report on Saturday, January 11th. UBS Group began coverage on Webster Financial in a research note on Tuesday, December 17th. They issued a "buy" rating and a $76.00 price objective on the stock. Finally, Barclays boosted their target price on Webster Financial from $63.00 to $69.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Webster Financial has an average rating of "Moderate Buy" and an average price target of $62.08.

Insider Buying and Selling

In other Webster Financial news, insider Javier L. Evans sold 10,137 shares of the business'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 value 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. The trade was a 30.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles L. Wilkins sold 5,000 shares of Webster Financial stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $59.50, for a total transaction of $297,500.00. Following the completion of the sale, the insider now owns 33,657 shares of the company's stock, valued at $2,002,591.50. This represents a 12.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,287 shares of company stock valued at $1,485,050 over the last quarter. Insiders own 0.88% of the company's stock.

Webster Financial Trading Up 0.5 %

NYSE:WBS traded up $0.28 during trading hours on Friday, hitting $58.90. 410,674 shares of the company were exchanged, compared to its average volume of 1,127,836. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 1.06 and a beta of 1.30. Webster Financial Co. has a one year low of $39.33 and a one year high of $63.99. The company has a fifty day simple moving average of $58.08 and a 200 day simple moving average of $51.44. 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 - Get Free Report) last issued its quarterly earnings data 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 return on equity of 10.82% and a net margin of 18.39%. The company had revenue of $661.00 million during the quarter, compared to the consensus estimate of $687,532.71 billion. During the same period last year, the company earned $1.46 earnings per share. Sell-side analysts expect that Webster Financial Co. will post 5.83 EPS for the current fiscal year.

About Webster Financial

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.