Tompkins Financial Corp Boosts Holdings in Webster Financial Co. (NYSE:WBS)

Tompkins Financial Corp lifted its holdings in Webster Financial Co. (NYSE:WBS - Free Report) by 349.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 113,508 shares of the financial services provider's stock after acquiring an additional 88,246 shares during the quarter. Tompkins Financial Corp owned 0.07% of Webster Financial worth $5,291,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Webster Financial by 156.5% during the 1st quarter. BNP Paribas Financial Markets now owns 96,052 shares of the financial services provider's stock worth $4,877,000 after acquiring an additional 58,602 shares during the last quarter. Sound Income Strategies LLC boosted its position in Webster Financial by 1,859.1% during the 2nd quarter. Sound Income Strategies LLC now owns 15,692 shares of the financial services provider's stock valued at $684,000 after buying an additional 14,891 shares during the period. Jupiter Asset Management Ltd. bought a new stake in Webster Financial in the 1st quarter worth $3,529,000. TimesSquare Capital Management LLC increased its position in shares of Webster Financial by 28.9% in the first quarter. TimesSquare Capital Management LLC now owns 94,670 shares of the financial services provider's stock valued at $4,806,000 after acquiring an additional 21,245 shares during the period. Finally, Sei Investments Co. increased its position in shares of Webster Financial by 14.8% in the first quarter. Sei Investments Co. now owns 1,696,519 shares of the financial services provider's stock valued at $86,133,000 after acquiring an additional 218,877 shares during the period. Hedge funds and other institutional investors own 85.58% of the company's stock.

Webster Financial Stock Up 0.0 %

WBS traded up $0.02 during midday trading on Friday, reaching $57.70. The company's stock had a trading volume of 1,490,092 shares, compared to its average volume of 1,259,992. Webster Financial Co. has a 1 year low of $38.54 and a 1 year high of $60.13. The stock's 50-day moving average is $48.36 and its 200-day moving average is $45.97. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 0.89 and a beta of 1.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45.

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

Webster Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, November 1st. Webster Financial's dividend payout ratio is presently 36.28%.

Insider Buying and Selling

In related news, CAO Albert Jen-Wen Wang sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $52.43, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Javier L. Evans sold 10,137 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $57.41, for a total transaction of $581,965.17. Following the completion of the transaction, the insider now directly owns 22,657 shares of the company's stock, valued at $1,300,738.37. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Albert Jen-Wen Wang sold 4,000 shares of Webster Financial stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $52.43, for a total transaction of $209,720.00. Following the completion of the sale, the chief accounting officer now directly owns 14,273 shares of the company's stock, valued at approximately $748,333.39. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,100 shares of company stock worth $1,202,237 in the last quarter. Corporate insiders own 0.88% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Webster Financial from $50.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. dropped their price objective on Webster Financial from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, October 9th. StockNews.com raised Webster Financial from a "sell" rating to a "hold" rating in a research note on Tuesday, October 29th. Morgan Stanley dropped their price target on Webster Financial from $57.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday, September 30th. Finally, Barclays upped their price objective on shares of Webster Financial from $60.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.85.

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.