Webster Financial Co. (NYSE:WBS) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC trimmed its position in Webster Financial Co. (NYSE:WBS - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,610 shares of the financial services provider's stock after selling 7,054 shares during the period. Trillium Asset Management LLC owned approximately 0.09% of Webster Financial worth $8,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of WBS. GSA Capital Partners LLP acquired a new stake in Webster Financial in the third quarter valued at approximately $286,000. Natixis Advisors LLC lifted its stake in shares of Webster Financial by 29.6% during the third quarter. Natixis Advisors LLC now owns 236,252 shares of the financial services provider's stock worth $11,012,000 after buying an additional 53,950 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Webster Financial by 26.1% during the third quarter. Thrivent Financial for Lutherans now owns 212,272 shares of the financial services provider's stock worth $9,894,000 after buying an additional 44,000 shares during the period. Pathstone Holdings LLC lifted its stake in shares of Webster Financial by 8.3% during the third quarter. Pathstone Holdings LLC now owns 78,342 shares of the financial services provider's stock worth $3,652,000 after buying an additional 5,993 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in shares of Webster Financial by 45.9% during the third quarter. First Horizon Advisors Inc. now owns 1,398 shares of the financial services provider's stock worth $65,000 after buying an additional 440 shares during the period. 85.58% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

WBS has been the subject of several research reports. Barclays lifted their price objective on shares of Webster Financial from $63.00 to $69.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. 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. StockNews.com upgraded shares of Webster Financial from a "sell" rating to a "hold" rating in a research note on Saturday, January 11th. Morgan Stanley reduced their target price on shares of Webster Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, UBS Group initiated coverage on shares of Webster Financial in a report on Tuesday, December 17th. They set a "buy" rating and a $76.00 target price for the company. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $63.08.

Webster Financial Stock Performance

WBS traded up $0.05 on Friday, reaching $51.57. The stock had a trading volume of 2,173,740 shares, compared to its average volume of 1,176,270. Webster Financial Co. has a 12-month low of $39.34 and a 12-month high of $63.99. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The business's 50-day moving average price is $56.28 and its two-hundred day moving average price is $54.25. The company has a market cap of $8.84 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28.

Webster Financial (NYSE:WBS - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The financial services provider reported $1.43 earnings per share for the quarter, beating 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 company had revenue of $661.00 million during the quarter, compared to analysts' expectations of $687.53 million. During the same quarter in the previous year, the company earned $1.46 earnings per share. Sell-side analysts forecast that Webster Financial Co. will post 5.88 earnings per share for the current year.

Webster Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.10%. Webster Financial's dividend payout ratio is currently 36.61%.

Insider Transactions at Webster Financial

In other news, Director Laurence C. Morse sold 13,217 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were 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 $1,110,988.56. The trade was a 41.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John R. Ciulla sold 8,000 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $57.43, for a total transaction of $459,440.00. Following the sale, the chief executive officer now directly owns 210,051 shares of the company's stock, valued at $12,063,228.93. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company's stock.

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.