Smith Graham & Co. Investment Advisors LP lifted its holdings in Webster Financial Co. (NYSE:WBS) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 186,270 shares of the financial services provider’s stock after purchasing an additional 3,580 shares during the period. Webster Financial accounts for approximately 1.0% of Smith Graham & Co. Investment Advisors LP’s portfolio, making the stock its 22nd biggest holding. Smith Graham & Co. Investment Advisors LP’s holdings in Webster Financial were worth $10,461,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Webster Financial by 4.0% during the second quarter. PNC Financial Services Group Inc. now owns 5,048 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 195 shares during the period. Advisor Group Inc. increased its stake in Webster Financial by 13.3% during the second quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 474 shares during the period. D.A. Davidson & CO. increased its stake in Webster Financial by 9.5% during the second quarter. D.A. Davidson & CO. now owns 6,443 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 559 shares during the period. Ameriprise Financial Inc. increased its stake in Webster Financial by 0.3% during the third quarter. Ameriprise Financial Inc. now owns 357,951 shares of the financial services provider’s stock valued at $18,811,000 after acquiring an additional 1,019 shares during the period. Finally, Flinton Capital Management LLC increased its stake in Webster Financial by 42.1% during the second quarter. Flinton Capital Management LLC now owns 4,480 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 1,328 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.
Several equities analysts recently issued reports on WBS shares. Deutsche Bank boosted their price target on Webster Financial from $51.00 to $53.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Zacks Investment Research lowered Webster Financial from a “buy” rating to a “hold” rating and set a $63.00 price target on the stock. in a research note on Saturday, January 6th. Keefe, Bruyette & Woods restated a “buy” rating and set a $71.00 price target on shares of Webster Financial in a research note on Friday, December 22nd. ValuEngine lowered Webster Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Barclays boosted their price target on Webster Financial from $55.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $59.25.
Webster Financial Co. (NYSE:WBS) traded up $0.50 during midday trading on Monday, reaching $58.90. The company’s stock had a trading volume of 678,000 shares, compared to its average volume of 515,946. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $5,836.97, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22. Webster Financial Co. has a 12 month low of $44.04 and a 12 month high of $59.86.
Webster Financial (NYSE:WBS) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The company had revenue of $266.75 million for the quarter, compared to the consensus estimate of $269.03 million. Webster Financial had a return on equity of 9.89% and a net margin of 21.09%. During the same period in the previous year, the business earned $0.54 earnings per share. equities analysts expect that Webster Financial Co. will post 2.6 EPS for the current year.
In other news, EVP Daniel Bley sold 1,486 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $54.74, for a total value of $81,343.64. Following the transaction, the executive vice president now directly owns 25,547 shares of the company’s stock, valued at approximately $1,398,442.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karen R. Osar sold 12,923 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $54.70, for a total value of $706,888.10. Following the completion of the transaction, the director now directly owns 36,984 shares in the company, valued at $2,023,024.80. The disclosure for this sale can be found here. Insiders have sold 36,107 shares of company stock worth $1,988,452 over the last ninety days. Company insiders own 2.20% of the company’s stock.
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Webster Financial Company Profile
Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.
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