Quest Partners LLC Has $889,000 Stock Holdings in Webster Financial Co. (NYSE:WBS)

Quest Partners LLC reduced its stake in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 68.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,067 shares of the financial services provider's stock after selling 42,170 shares during the period. Quest Partners LLC's holdings in Webster Financial were worth $889,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Stieven Capital Advisors L.P. raised its stake in Webster Financial by 16.9% in the 3rd quarter. Stieven Capital Advisors L.P. now owns 602,788 shares of the financial services provider's stock valued at $28,096,000 after purchasing an additional 87,000 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Webster Financial by 26.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 212,272 shares of the financial services provider's stock valued at $9,894,000 after buying an additional 44,000 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Webster Financial by 29.6% during the 3rd quarter. Natixis Advisors LLC now owns 236,252 shares of the financial services provider's stock valued at $11,012,000 after acquiring an additional 53,950 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Webster Financial during the 3rd quarter valued at approximately $286,000. Finally, State of New Jersey Common Pension Fund D increased its position in Webster Financial by 5.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 50,800 shares of the financial services provider's stock worth $2,368,000 after buying an additional 2,520 shares during the period. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wedbush increased their price objective on Webster Financial from $52.00 to $59.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. StockNews.com downgraded Webster Financial from a "hold" rating to a "sell" rating in a research report on Monday. Wells Fargo & Company lifted their price target on Webster Financial from $50.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Royal Bank of Canada boosted their price objective on Webster Financial from $57.00 to $62.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. lowered their price target on Webster Financial from $58.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $57.85.

Insider Buying and Selling

In other Webster Financial news, insider Daniel Bley sold 3,463 shares of Webster Financial stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $52.10, for a total transaction of $180,422.30. Following the transaction, the insider now directly owns 19,529 shares of the company's stock, valued at approximately $1,017,460.90. The trade was a 15.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren States sold 1,650 shares of Webster Financial stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $60.60, for a total value of $99,990.00. Following the transaction, the director now directly owns 15,023 shares in the company, valued at $910,393.80. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,750 shares of company stock worth $1,599,727 in the last 90 days. Insiders own 0.88% of the company's stock.

Webster Financial Price Performance

Webster Financial stock opened at $59.55 on Thursday. Webster Financial Co. has a one year low of $39.33 and a one year high of $61.12. The stock's fifty day moving average price is $50.73 and its two-hundred day moving average price is $46.82. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $10.21 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 0.89 and a beta of 1.27.

Webster Financial (NYSE:WBS - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). Webster Financial had a net margin of 18.80% and a return on equity of 11.03%. The business had revenue of $647.62 million during the quarter, compared to the consensus estimate of $677.72 million. During the same quarter in the previous year, the business posted $1.55 EPS. As a group, research analysts expect that Webster Financial Co. will post 5.24 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were given a dividend of $0.40 per share. The ex-dividend date was Friday, November 1st. This represents a $1.60 dividend on an annualized basis and a yield of 2.69%. Webster Financial's dividend payout ratio is currently 36.28%.

Webster Financial Company 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.