5,983 Shares in Webster Financial Co. (NYSE:WBS) Purchased by Trust Point Inc.

Trust Point Inc. bought a new position in Webster Financial Co. (NYSE:WBS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,983 shares of the financial services provider's stock, valued at approximately $330,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its holdings in Webster Financial by 182.7% during the third quarter. Bank of Montreal Can now owns 959,180 shares of the financial services provider's stock worth $44,496,000 after buying an additional 619,934 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Webster Financial in the third quarter valued at approximately $22,146,000. State Street Corp raised its stake in shares of Webster Financial by 4.8% during the 3rd quarter. State Street Corp now owns 7,320,930 shares of the financial services provider's stock worth $341,229,000 after buying an additional 333,606 shares during the period. Wellington Management Group LLP lifted its position in shares of Webster Financial by 57.6% during the 3rd quarter. Wellington Management Group LLP now owns 770,684 shares of the financial services provider's stock valued at $35,922,000 after buying an additional 281,686 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Webster Financial by 11.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,874,644 shares of the financial services provider's stock valued at $87,377,000 after acquiring an additional 191,894 shares during the period. Institutional investors and hedge funds own 85.58% of the company's stock.

Webster Financial Stock Down 0.8 %

NYSE WBS traded down $0.50 during trading on Friday, hitting $60.91. 647,785 shares of the company traded hands, compared to its average volume of 1,005,957. Webster Financial Co. has a 12 month low of $39.33 and a 12 month high of $63.99. The business has a fifty day simple moving average of $57.81 and a 200 day simple moving average of $52.49. The company has a market capitalization of $10.44 billion, a P/E ratio of 13.94, a PEG ratio of 1.09 and a beta of 1.29. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.08. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. The business had revenue of $661.00 million for the quarter, compared to analyst estimates of $687.53 million. During the same quarter in the previous year, the firm posted $1.46 earnings per share. As a group, sell-side analysts predict that Webster Financial Co. will post 5.85 EPS for the current year.

Webster Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, February 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.63%. Webster Financial's payout ratio is 36.61%.

Insider Activity

In other news, insider Charles L. Wilkins sold 5,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $59.50, for a total transaction of $297,500.00. Following the completion of the sale, the insider now owns 33,657 shares of the company's stock, valued at $2,002,591.50. This represents a 12.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 1,650 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $60.60, for a total transaction of $99,990.00. Following the sale, the director now owns 15,023 shares in the company, valued at approximately $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 15,150 shares of company stock valued at $903,085 over the last three months. 0.88% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WBS. JPMorgan Chase & Co. dropped their price target on Webster Financial from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company raised shares of Webster Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $70.00 to $75.00 in a report on Monday, January 6th. UBS Group began coverage on shares of Webster Financial in a report on Tuesday, December 17th. They issued a "buy" rating and a $76.00 target price on the stock. Wedbush raised their price target on shares of Webster Financial from $52.00 to $59.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Finally, Royal Bank of Canada upped their price objective on Webster Financial from $66.00 to $68.00 and gave the company an "outperform" rating in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Webster Financial currently has an average rating of "Moderate Buy" and an average 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.