Leeward Investments LLC MA Lowers Holdings in Webster Financial Co. (NYSE:WBS)

Leeward Investments LLC MA lowered its position in Webster Financial Co. (NYSE:WBS - Free Report) by 20.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,670 shares of the financial services provider's stock after selling 38,518 shares during the quarter. Leeward Investments LLC MA owned about 0.09% of Webster Financial worth $6,930,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WBS. V Square Quantitative Management LLC purchased a new stake in Webster Financial in the 3rd quarter worth about $27,000. UMB Bank n.a. raised its holdings in shares of 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 during the period. Hantz Financial Services Inc. bought a new stake in shares of Webster Financial during the 2nd quarter worth approximately $32,000. Mather Group LLC. lifted its stake in shares of Webster Financial by 7,650.0% during the 2nd quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider's stock worth $54,000 after acquiring an additional 1,224 shares during the last quarter. Finally, NBC Securities Inc. boosted its holdings in Webster Financial by 117.9% during the 3rd 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 period. Institutional investors own 85.58% of the company's stock.

Insider Buying and Selling

In related news, Director Mark Pettie sold 4,500 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $51.14, for a total value of $230,130.00. Following the completion of the transaction, the director now directly owns 32,780 shares of the company's stock, valued at $1,676,369.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Mark Pettie sold 4,500 shares of the company's stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $51.14, for a total value of $230,130.00. Following the transaction, the director now directly owns 32,780 shares of the company's stock, valued at $1,676,369.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Albert Jen-Wen Wang sold 4,000 shares of Webster Financial stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $52.43, for a total value of $209,720.00. Following the sale, the chief accounting officer now directly owns 14,273 shares of the company's stock, valued at approximately $748,333.39. This 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 ninety days. 0.88% of the stock is owned by insiders.

Webster Financial Stock Up 0.5 %

WBS traded up $0.28 on Friday, hitting $57.96. The company had a trading volume of 783,267 shares, compared to its average volume of 1,256,538. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 13.04, a P/E/G ratio of 0.89 and a beta of 1.27. The stock has a fifty day moving average price of $48.16 and a 200-day moving average price of $45.89. Webster Financial Co. has a 12-month low of $38.54 and a 12-month high of $60.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 0.86.

Webster Financial (NYSE:WBS - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.34 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.01). The firm had revenue of $647.62 million for the quarter, compared to the consensus estimate 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 last year, the firm earned $1.55 EPS. Analysts predict that Webster Financial Co. will post 5.24 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.76%. Webster Financial's payout ratio is 36.28%.

Wall Street Analyst Weigh In

WBS has been the subject of several research analyst reports. Royal Bank of Canada lifted their target price on Webster Financial from $57.00 to $62.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their price objective on shares of Webster Financial from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, October 9th. Wedbush upped their target price on shares of Webster Financial from $52.00 to $59.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Stephens set a $58.00 target price on shares of Webster Financial in a research report on Thursday, October 17th. Finally, Wells Fargo & Company boosted their price target on Webster Financial from $50.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.