Webster Financial Co. (NYSE:WBS) Stock Holdings Lifted by Systematic Financial Management LP

Systematic Financial Management LP increased its position in Webster Financial Co. (NYSE:WBS - Free Report) by 12.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 960,383 shares of the financial services provider's stock after purchasing an additional 107,165 shares during the period. Webster Financial accounts for about 1.1% of Systematic Financial Management LP's holdings, making the stock its 13th biggest holding. Systematic Financial Management LP owned 0.56% of Webster Financial worth $44,763,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tidal Investments LLC grew its position in shares of Webster Financial by 11.3% during the first quarter. Tidal Investments LLC now owns 10,559 shares of the financial services provider's stock worth $536,000 after acquiring an additional 1,069 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of Webster Financial during the first quarter worth about $1,049,000. Cetera Investment Advisers grew its holdings in shares of Webster Financial by 402.4% during the first quarter. Cetera Investment Advisers now owns 32,066 shares of the financial services provider's stock worth $1,628,000 after buying an additional 25,683 shares during the last quarter. Cetera Advisors LLC increased its position in Webster Financial by 24.4% in the 1st quarter. Cetera Advisors LLC now owns 7,307 shares of the financial services provider's stock valued at $371,000 after acquiring an additional 1,435 shares during the period. Finally, GAMMA Investing LLC raised its stake in Webster Financial by 30.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,629 shares of the financial services provider's stock valued at $71,000 after acquiring an additional 377 shares during the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Webster Financial Price Performance

WBS stock traded down $0.45 on Thursday, reaching $59.94. The company had a trading volume of 358,311 shares, compared to its average volume of 1,243,357. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 0.86. The company's fifty day moving average is $53.78 and its 200 day moving average is $47.89. The company has a market cap of $10.27 billion, a P/E ratio of 13.68, a PEG ratio of 0.89 and a beta of 1.29. Webster Financial Co. has a 1 year low of $39.33 and a 1 year high of $63.99.

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

Webster Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were paid a $0.40 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.60 annualized dividend and a yield of 2.67%. Webster Financial's payout ratio is currently 36.28%.

Insider Buying and Selling

In other news, CAO Albert Jen-Wen Wang sold 4,000 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $52.43, for a total value of $209,720.00. Following the completion of the sale, the chief accounting officer now owns 14,273 shares of the company's stock, valued at $748,333.39. This represents a 21.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Bley sold 500 shares of the firm's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $61.91, for a total value of $30,955.00. Following the completion of the transaction, the insider now directly owns 17,279 shares in the company, valued at $1,069,742.89. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,250 shares of company stock worth $2,105,322. 0.88% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WBS has been the subject of several analyst reports. Wells Fargo & Company upped their price target on Webster Financial from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Stephens set a $58.00 target price on shares of Webster Financial in a report on Thursday, October 17th. StockNews.com downgraded shares of Webster Financial from a "hold" rating to a "sell" rating in a research report on Monday, November 18th. Barclays boosted their target price on Webster Financial from $63.00 to $69.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Morgan Stanley reduced their price target on Webster Financial from $57.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Webster Financial presently has a consensus rating of "Moderate Buy" and an average price target of $59.08.

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.