Webster Financial Co. (NYSE:WBS) Stock Holdings Lifted by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. increased its position in Webster Financial Co. (NYSE:WBS - Free Report) by 76,570.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,837 shares of the financial services provider's stock after purchasing an additional 72,742 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Webster Financial were worth $3,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. boosted its holdings in Webster Financial by 56,047.8% in the third quarter. Whittier Trust Co. now owns 138,685 shares of the financial services provider's stock valued at $6,464,000 after purchasing an additional 138,438 shares during the last quarter. Benin Management CORP acquired a new position in shares of Webster Financial in the 3rd quarter valued at approximately $200,000. Allspring Global Investments Holdings LLC boosted its stake 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 buying an additional 191,894 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. grew its position in shares of Webster Financial by 20.0% during the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 18,000 shares of the financial services provider's stock worth $839,000 after buying an additional 3,000 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Webster Financial by 24.7% in the third quarter. Blue Trust Inc. now owns 7,831 shares of the financial services provider's stock worth $341,000 after buying an additional 1,553 shares during the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WBS. Wells Fargo & Company raised their price objective on shares of Webster Financial from $50.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday. Keefe, Bruyette & Woods cut their price objective on Webster Financial from $58.00 to $55.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 9th. Barclays lifted their target price on Webster Financial from $60.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday. Wedbush lifted their price target on shares of Webster Financial from $52.00 to $59.00 and gave the company a "neutral" rating in a report on Friday. Finally, JPMorgan Chase & Co. lowered their price objective on Webster Financial from $58.00 to $55.00 and set an "overweight" rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Webster Financial has a consensus rating of "Moderate Buy" and a consensus target price of $57.85.

Insider Buying and Selling

In other Webster Financial news, insider Jason A. Soto sold 1,650 shares of the firm's stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $46.32, for a total value of $76,428.00. Following the completion of the transaction, the insider now directly owns 20,539 shares in the company, valued at $951,366.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Jason A. Soto sold 1,650 shares of Webster Financial stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $46.32, for a total transaction of $76,428.00. Following the transaction, the insider now owns 20,539 shares in the company, valued at approximately $951,366.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel Bley sold 3,463 shares of Webster Financial 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 transaction, the insider now directly owns 19,529 shares in the company, valued at approximately $1,017,460.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,113 shares of company stock valued at $711,920. 0.88% of the stock is owned by corporate insiders.

Webster Financial Price Performance

WBS traded up $0.47 during trading on Tuesday, reaching $51.96. The stock had a trading volume of 997,023 shares, compared to its average volume of 1,254,130. Webster Financial Co. has a 1-year low of $36.36 and a 1-year high of $54.38. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.88 and a beta of 1.28. The stock has a 50 day moving average of $46.37 and a two-hundred day moving average of $45.33. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.45.

Webster Financial (NYSE:WBS - Get Free Report) last released its 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 business had revenue of $647.62 million for the quarter, compared to analyst estimates 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 prior year, the company earned $1.55 earnings per share. As a group, equities analysts anticipate that Webster Financial Co. will post 5.26 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Friday, November 1st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.08%. Webster Financial's dividend payout ratio is currently 32.79%.

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.