Webster Financial Co. (NYSE:WBS) Holdings Cut by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its holdings in Webster Financial Co. (NYSE:WBS - Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,555,537 shares of the financial services provider's stock after selling 96,572 shares during the period. Price T Rowe Associates Inc. MD owned approximately 2.66% of Webster Financial worth $251,558,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ acquired a new stake in Webster Financial in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in Webster Financial in the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new stake in shares of Webster Financial during the fourth quarter worth approximately $43,000. UMB Bank n.a. grew its position in shares of Webster Financial by 88.1% during the fourth quarter. UMB Bank n.a. now owns 1,119 shares of the financial services provider's stock worth $62,000 after buying an additional 524 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in shares of Webster Financial by 742.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,264 shares of the financial services provider's stock worth $70,000 after buying an additional 1,114 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company's stock.

Insider Buying and Selling

In related news, CEO John R. Ciulla sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were 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 approximately $12,063,228.93. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Laurence C. Morse sold 13,217 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $59.07, for a total transaction of $780,728.19. Following the completion of the sale, the director now owns 18,808 shares of the company's stock, valued at approximately $1,110,988.56. The trade was a 41.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

Webster Financial Price Performance

NYSE:WBS traded up $0.14 during trading hours on Monday, reaching $47.64. 1,127,562 shares of the company's stock were exchanged, compared to its average volume of 1,274,225. The company has a market capitalization of $8.02 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05. Webster Financial Co. has a 12 month low of $39.34 and a 12 month high of $63.99. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.34. The business's 50-day simple moving average is $49.28 and its two-hundred day simple moving average is $54.45.

Webster Financial (NYSE:WBS - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.08). The business had revenue of $704.80 million for the quarter, compared to the consensus estimate of $708.46 million. Webster Financial had a return on equity of 10.82% and a net margin of 18.39%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.35 earnings per share. Sell-side analysts expect that Webster Financial Co. will post 5.88 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Monday, February 10th. Webster Financial's payout ratio is 36.04%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Webster Financial from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Morgan Stanley decreased their price target on shares of Webster Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Raymond James dropped their target price on shares of Webster Financial from $65.00 to $58.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. Barclays decreased their price target on shares of Webster Financial from $80.00 to $72.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Webster Financial from $75.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Webster Financial has a consensus rating of "Moderate Buy" and an average target price of $62.73.

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.