Stieven Capital Advisors L.P. Buys 87,000 Shares of Webster Financial Co. (NYSE:WBS)

Stieven Capital Advisors L.P. grew its position in Webster Financial Co. (NYSE:WBS - Free Report) by 16.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 602,788 shares of the financial services provider's stock after purchasing an additional 87,000 shares during the quarter. Webster Financial makes up approximately 5.3% of Stieven Capital Advisors L.P.'s portfolio, making the stock its 2nd largest holding. Stieven Capital Advisors L.P. owned 0.35% of Webster Financial worth $28,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Webster Financial during the 3rd quarter valued at approximately $27,000. UMB Bank n.a. lifted its holdings in shares of Webster Financial by 340.7% during 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 during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Webster Financial in the second quarter valued at approximately $32,000. Mather Group LLC. boosted its position in shares of Webster Financial by 7,650.0% in the second quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 1,224 shares during the period. Finally, NBC Securities Inc. grew its stake in shares of Webster Financial by 117.9% in the third quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider's stock worth $59,000 after acquiring an additional 686 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark Pettie sold 4,500 shares of the company's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $51.14, for a total transaction of $230,130.00. Following the transaction, the director now owns 32,780 shares in the company, valued at $1,676,369.20. This represents a 12.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Javier L. Evans sold 10,137 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 22,657 shares of the company's stock, valued at $1,300,738.37. The trade was a 30.91 % 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 three months. Insiders own 0.88% of the company's stock.

Webster Financial Price Performance

NYSE:WBS traded up $0.37 during trading hours on Friday, reaching $60.07. The company had a trading volume of 1,687,612 shares, compared to its average volume of 1,401,599. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average of $49.79 and a two-hundred day moving average of $46.51. Webster Financial Co. has a one year low of $39.33 and a one year high of $61.12. The firm has a market capitalization of $10.30 billion, a PE ratio of 13.62, a PEG ratio of 0.89 and a beta of 1.27.

Webster Financial (NYSE:WBS - Get Free Report) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.34 earnings per share (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 firm had revenue of $647.62 million for the quarter, compared to analyst estimates of $677.72 million. During the same quarter last year, the business earned $1.55 EPS. Analysts forecast that Webster Financial Co. will post 5.24 earnings per share for the current year.

Webster Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Friday, November 1st. Webster Financial's dividend payout ratio (DPR) is currently 36.28%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley cut their target price on shares of 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. Wells Fargo & Company upped their price objective on shares of Webster Financial from $50.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their target price on Webster Financial from $58.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 9th. Royal Bank of Canada upped their price target on Webster Financial from $57.00 to $62.00 and gave the company an "outperform" rating in a report on Friday, October 18th. Finally, Stephens set a $58.00 price objective on Webster Financial in a research report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $57.85.

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.