Stieven Capital Advisors L.P. Lowers Stake in Webster Financial Co. (NYSE:WBS)

Stieven Capital Advisors L.P. trimmed its position in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 587,688 shares of the financial services provider's stock after selling 15,100 shares during the period. Webster Financial accounts for 5.8% of Stieven Capital Advisors L.P.'s investment portfolio, making the stock its 2nd biggest holding. Stieven Capital Advisors L.P. owned 0.34% of Webster Financial worth $32,452,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Webster Financial during the 3rd quarter valued at $27,000. R Squared Ltd acquired a new stake in shares of Webster Financial during the 4th quarter valued at $43,000. UMB Bank n.a. boosted its stake in shares of Webster Financial by 88.1% during the 4th quarter. UMB Bank n.a. now owns 1,119 shares of the financial services provider's stock valued at $62,000 after buying an additional 524 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Webster Financial during the 3rd quarter valued at $53,000. Finally, NBC Securities Inc. boosted its stake in shares of 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 during the period. Institutional investors and hedge funds own 85.58% of the company's stock.

Insider Transactions at Webster Financial

In other news, insider Daniel Bley sold 500 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $61.91, for a total transaction of $30,955.00. Following the transaction, the insider now owns 17,279 shares in the company, valued at approximately $1,069,742.89. The trade was a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.72% of the company's stock.

Webster Financial Stock Performance

WBS traded down $0.34 during trading on Wednesday, hitting $58.73. The stock had a trading volume of 1,597,860 shares, compared to its average volume of 953,559. The firm has a market cap of $10.07 billion, a PE ratio of 13.44, a P/E/G ratio of 1.05 and a beta of 1.29. 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 company has a 50 day simple moving average of $57.70 and a 200-day simple moving average of $53.08.

Webster Financial (NYSE:WBS - Get Free Report) last announced its earnings results on Friday, January 17th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.35 by $0.08. The firm had revenue of $661.00 million for the quarter, compared to the consensus estimate of $687.53 million. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. During the same quarter last year, the firm posted $1.46 EPS. Analysts expect that Webster Financial Co. will post 5.87 EPS for the current year.

Webster Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.72%. Webster Financial's payout ratio is 36.61%.

Analysts Set New Price Targets

A number of brokerages have issued reports on WBS. Royal Bank of Canada lifted their target price on shares of Webster Financial from $66.00 to $68.00 and gave the company an "outperform" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. decreased their target price on shares of Webster Financial from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. UBS Group assumed coverage on shares of Webster Financial in a research note on Tuesday, December 17th. They issued a "buy" rating and a $76.00 price objective for the company. Wells Fargo & Company raised shares of Webster Financial from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $70.00 to $75.00 in a research note on Monday, January 6th. Finally, StockNews.com raised shares of Webster Financial from a "sell" rating to a "hold" rating in a research note on Saturday, January 11th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.08.

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.