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

Tompkins Financial Corp trimmed its holdings in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,975 shares of the financial services provider's stock after selling 8,533 shares during the quarter. Tompkins Financial Corp owned about 0.06% of Webster Financial worth $5,797,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WBS. V Square Quantitative Management LLC purchased a new position in shares of Webster Financial in the 3rd quarter worth about $27,000. UMB Bank n.a. boosted its stake in Webster Financial by 340.7% in the third quarter. UMB Bank n.a. now owns 595 shares of the financial services provider's stock worth $28,000 after buying an additional 460 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Webster Financial in the third quarter worth approximately $53,000. NBC Securities Inc. grew its position in Webster Financial by 117.9% during the third quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 686 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Webster Financial by 45.9% during the third quarter. First Horizon Advisors Inc. now owns 1,398 shares of the financial services provider's stock worth $65,000 after acquiring an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company's stock.

Webster Financial Trading Up 2.8 %

NYSE:WBS traded up $1.63 during trading hours on Friday, hitting $59.57. The company had a trading volume of 1,736,793 shares, compared to its average volume of 883,810. 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 stock has a 50-day moving average price of $58.11 and a 200 day moving average price of $51.01. The company has a market capitalization of $10.21 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 0.99 and a beta of 1.30. Webster Financial Co. has a 52 week low of $39.33 and a 52 week high of $63.99.

Webster Financial (NYSE:WBS - Get Free Report) last announced its earnings results on Friday, January 17th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.08. Webster Financial had a net margin of 18.80% and a return on equity of 11.03%. The firm had revenue of $661.00 million for the quarter, compared to analyst estimates of $687,532.71 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. On average, equities research analysts predict that Webster Financial Co. will post 5.24 EPS for the current fiscal year.

Webster Financial Announces Dividend

The company also recently declared 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 of this dividend was Friday, November 1st. This represents a $1.60 annualized dividend and a yield of 2.69%. Webster Financial's payout ratio is 36.28%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WBS. Wedbush increased their target price on shares of Webster Financial from $52.00 to $59.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Stephens set a $58.00 price objective on Webster Financial in a research note on Thursday, October 17th. Royal Bank of Canada boosted their target price on Webster Financial from $57.00 to $62.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. StockNews.com upgraded Webster Financial from a "sell" rating to a "hold" rating in a research report on Saturday, January 11th. Finally, Morgan Stanley lowered their price objective on Webster Financial from $57.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, September 30th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $61.58.

Insiders Place Their Bets

In other news, CEO John R. Ciulla sold 8,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.33, for a total transaction of $474,640.00. Following the transaction, the chief executive officer now directly owns 218,924 shares of the company's stock, valued at $12,988,760.92. This represents a 3.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Bley sold 3,463 shares of the company's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $52.10, for a total value of $180,422.30. Following the sale, the insider now owns 19,529 shares of the company's stock, valued at approximately $1,017,460.90. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,250 shares of company stock worth $2,105,322. 0.72% of the stock is owned by corporate insiders.

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.