Fort Washington Investment Advisors Inc. OH Grows Stock Position in Webster Financial Co. (NYSE:WBS)

Fort Washington Investment Advisors Inc. OH lifted its stake in Webster Financial Co. (NYSE:WBS - Free Report) by 20.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 360,614 shares of the financial services provider's stock after buying an additional 60,820 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.21% of Webster Financial worth $19,913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Webster Financial in the 3rd quarter worth $27,000. UMB Bank n.a. lifted its position in shares of Webster Financial by 340.7% in the third 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 in the last quarter. Brooklyn Investment Group bought a new position in Webster Financial during the third quarter valued at approximately $53,000. NBC Securities Inc. grew its holdings 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 valued at $59,000 after buying an additional 686 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in 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 worth $65,000 after acquiring an additional 440 shares during the last quarter. Institutional investors own 85.58% of the company's stock.

Webster Financial Trading Down 1.3 %

Shares of NYSE WBS traded down $0.76 during midday trading on Thursday, hitting $58.55. The company's stock had a trading volume of 457,894 shares, compared to its average volume of 1,091,040. The business's 50 day moving average is $58.10 and its two-hundred day moving average is $51.39. Webster Financial Co. has a 12-month low of $39.33 and a 12-month high of $63.99. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The firm has a market cap of $10.04 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30.

Webster Financial (NYSE:WBS - Get Free Report) last released its earnings results on Friday, January 17th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.08. The business had revenue of $661.00 million during the quarter, compared to the consensus estimate of $687,532.71 billion. Webster Financial had a return on equity of 10.82% and a net margin of 18.39%. During the same period last year, the company earned $1.46 earnings per share. As a group, equities research analysts expect that Webster Financial Co. will post 5.79 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on WBS shares. Wedbush increased their target price on Webster Financial from $52.00 to $59.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Morgan Stanley lowered their price objective on shares of Webster Financial from $57.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, September 30th. Wells Fargo & Company upgraded shares of Webster Financial from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $70.00 to $75.00 in a report on Monday, January 6th. StockNews.com raised shares of Webster Financial from a "sell" rating to a "hold" rating in a report on Saturday, January 11th. Finally, Barclays lifted their price target on Webster Financial from $63.00 to $69.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $62.08.

Insider Buying and Selling at Webster Financial

In related news, Director Lauren States sold 1,650 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $60.60, for a total value of $99,990.00. Following the completion of the transaction, the director now owns 15,023 shares of the company's stock, valued at $910,393.80. The trade was a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Javier L. Evans sold 10,137 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $57.41, for a total value of $581,965.17. Following the sale, the insider now directly owns 22,657 shares in the company, valued at $1,300,738.37. This trade represents a 30.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,287 shares of company stock valued at $1,485,050 in the last three months. Company insiders own 0.88% of the company's stock.

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.