Webster Financial Co. (NYSE:WBS) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. raised its holdings in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,394 shares of the financial services provider's stock after buying an additional 6,709 shares during the period. Whittier Trust Co. owned about 0.08% of Webster Financial worth $8,028,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WBS. HighTower Advisors LLC boosted its holdings in Webster Financial by 0.6% during the 4th quarter. HighTower Advisors LLC now owns 32,155 shares of the financial services provider's stock valued at $1,776,000 after acquiring an additional 177 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Webster Financial by 0.9% during the fourth quarter. Sanctuary Advisors LLC now owns 19,336 shares of the financial services provider's stock valued at $1,163,000 after purchasing an additional 178 shares during the period. Cardinal Capital Management grew its holdings in shares of Webster Financial by 0.4% in the fourth quarter. Cardinal Capital Management now owns 49,983 shares of the financial services provider's stock worth $2,760,000 after purchasing an additional 189 shares during the last quarter. US Bancorp DE increased its stake in Webster Financial by 2.8% in the 4th quarter. US Bancorp DE now owns 7,143 shares of the financial services provider's stock worth $394,000 after buying an additional 192 shares during the period. Finally, Penbrook Management LLC lifted its holdings in Webster Financial by 4.3% during the 4th quarter. Penbrook Management LLC now owns 4,830 shares of the financial services provider's stock valued at $267,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company's stock.

Remove Ads

Insider Activity at Webster Financial

In related news, Director Laurence C. Morse sold 13,217 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $59.07, for a total value of $780,728.19. Following the transaction, the director now directly owns 18,808 shares of the company's stock, valued at $1,110,988.56. This represents a 41.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John R. Ciulla sold 8,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $57.43, for a total value of $459,440.00. Following the completion of the transaction, the chief executive officer now owns 210,051 shares of the company's stock, valued at $12,063,228.93. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Webster Financial from a "sell" rating to a "hold" rating in a research report on Saturday, January 11th. UBS Group started coverage on Webster Financial in a report on Tuesday, December 17th. They set a "buy" rating and a $76.00 price objective on the stock. Wells Fargo & Company upgraded Webster Financial from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $70.00 to $75.00 in a report on Monday, January 6th. Morgan Stanley cut their price target on Webster Financial from $75.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Webster Financial from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $63.08.

Webster Financial Stock Down 0.2 %

NYSE WBS traded down $0.08 on Tuesday, hitting $52.67. The stock had a trading volume of 907,442 shares, compared to its average volume of 1,175,851. Webster Financial Co. has a 52-week low of $39.34 and a 52-week high of $63.99. The business's fifty day moving average price is $56.24 and its 200 day moving average price is $54.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28.

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, topping the consensus estimate of $1.35 by $0.08. Webster Financial had a return on equity of 10.82% and a net margin of 18.39%. The firm had revenue of $661.00 million for the quarter, compared to the consensus estimate of $687.53 million. During the same period in the previous year, the business earned $1.46 EPS. Equities research analysts anticipate that Webster Financial Co. will post 5.88 earnings per share for the current year.

Webster Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, February 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.04%. Webster Financial's dividend payout ratio (DPR) is currently 36.61%.

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.