KBC Group NV grew its holdings in Webster Financial Co. (NYSE:WBS - Free Report) by 222.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 78,822 shares of the financial services provider's stock after acquiring an additional 54,354 shares during the quarter. KBC Group NV's holdings in Webster Financial were worth $4,353,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in WBS. V Square Quantitative Management LLC acquired a new stake in Webster Financial in the third quarter worth about $27,000. UMB Bank n.a. boosted its holdings in 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 acquiring an additional 460 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Webster Financial in the third quarter worth about $53,000. NBC Securities Inc. boosted its holdings in Webster Financial by 117.9% in the third quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider's stock worth $59,000 after acquiring an additional 686 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Webster Financial by 45.9% in the third 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 in the last quarter. Institutional investors and hedge funds own 85.58% of the company's stock.
Webster Financial Trading Up 0.6 %
Shares of NYSE:WBS opened at $60.19 on Friday. Webster Financial Co. has a 12-month low of $39.33 and a 12-month high of $63.99. The company has a market capitalization of $10.32 billion, a PE ratio of 13.77, a PEG ratio of 1.06 and a beta of 1.30. The business has a 50 day moving average of $58.02 and a two-hundred day moving average of $51.95. 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 posted its quarterly earnings data on Friday, January 17th. The financial services provider reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.08. The business had revenue of $661.00 million during the quarter, compared to analysts' expectations of $687.53 million. Webster Financial had a return on equity of 10.82% and a net margin of 18.39%. During the same period in the previous year, the business earned $1.46 earnings per share. As a group, analysts forecast that Webster Financial Co. will post 5.84 EPS for the current year.
Webster Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Monday, February 10th. Webster Financial's dividend payout ratio (DPR) is presently 36.61%.
Insider Activity
In related news, insider Daniel Bley sold 500 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $61.91, for a total transaction of $30,955.00. Following the completion of the sale, the insider now directly owns 17,279 shares in the company, valued at approximately $1,069,742.89. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the insider now owns 22,657 shares of the company's stock, 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. Insiders sold 25,287 shares of company stock worth $1,485,050 over the last three months. 0.88% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Barclays lifted their target price on Webster Financial from $63.00 to $69.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Stephens set a $58.00 target price on Webster Financial in a report on Thursday, October 17th. Wells Fargo & Company raised Webster Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $70.00 to $75.00 in a report on Monday, January 6th. Royal Bank of Canada lifted their target price on Webster Financial from $66.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, January 21st. Finally, StockNews.com raised Webster Financial from a "sell" rating to a "hold" rating in a report on Saturday, January 11th. Three equities 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $62.08.
Get Our Latest Analysis on Webster Financial
About Webster Financial
(
Free Report)
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.
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