Hunter Perkins Capital Management LLC Sells 28,325 Shares of Webster Financial Co. (NYSE:WBS)

Hunter Perkins Capital Management LLC decreased its position in Webster Financial Co. (NYSE:WBS - Free Report) by 27.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,810 shares of the financial services provider's stock after selling 28,325 shares during the quarter. Hunter Perkins Capital Management LLC's holdings in Webster Financial were worth $4,076,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bank of Montreal Can grew its stake in shares of Webster Financial by 182.7% during the third quarter. Bank of Montreal Can now owns 959,180 shares of the financial services provider's stock valued at $44,496,000 after acquiring an additional 619,934 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Webster Financial during the 3rd quarter valued at approximately $22,146,000. State Street Corp grew its stake 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 valued at $341,229,000 after purchasing an additional 333,606 shares in the last quarter. Wellington Management Group LLP grew its stake in Webster Financial by 57.6% during the 3rd quarter. Wellington Management Group LLP now owns 770,684 shares of the financial services provider's stock valued at $35,922,000 after purchasing an additional 281,686 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in 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 purchasing an additional 191,894 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company's stock.

Analyst Upgrades and Downgrades

WBS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Webster Financial from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. UBS Group initiated coverage on shares of Webster Financial in a report on Tuesday, December 17th. They set a "buy" rating and a $76.00 price objective for the company. Stephens set a $58.00 price target on Webster Financial in a research note on Thursday, October 17th. StockNews.com upgraded Webster Financial from a "sell" rating to a "hold" rating in a research note on Saturday, January 11th. Finally, Wedbush lifted their target price on Webster Financial from $52.00 to $59.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.08.

Webster Financial Stock Performance

Webster Financial stock traded up $0.09 during midday trading on Monday, reaching $59.06. 687,000 shares of the stock traded hands, compared to its average volume of 1,133,012. The firm has a fifty day moving average price of $58.03 and a two-hundred day moving average price of $51.75. The firm has a market cap of $10.12 billion, a price-to-earnings ratio of 13.51, 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 Co. has a fifty-two week low of $39.33 and a fifty-two week high of $63.99.

Webster Financial (NYSE:WBS - Get Free Report) last announced its earnings results on Friday, January 17th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. Webster Financial had a return on equity of 10.82% and a net margin of 18.39%. The firm had revenue of $661.00 million for the quarter, compared to the consensus estimate of $687,532.71 billion. During the same quarter in the previous year, the business earned $1.46 EPS. On average, equities research analysts forecast that Webster Financial Co. will post 5.83 earnings per share for the current year.

Insider Transactions at Webster Financial

In other Webster Financial news, insider Daniel Bley sold 500 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $61.91, for a total transaction of $30,955.00. Following the sale, the insider now directly owns 17,279 shares of the company's stock, valued at $1,069,742.89. The trade was a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Javier L. Evans sold 10,137 shares of the company's 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 transaction, the insider now directly owns 22,657 shares in the company, valued at $1,300,738.37. The trade was a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,287 shares of company stock valued at $1,485,050. Corporate 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.