4,778 Shares in Webster Financial Co. (NYSE:WBS) Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. purchased a new stake in Webster Financial Co. (NYSE:WBS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,778 shares of the financial services provider’s stock, valued at approximately $243,000.

Several other large investors also recently made changes to their positions in the business. NBC Securities Inc. purchased a new position in Webster Financial in the 3rd quarter worth about $32,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Webster Financial during the fourth quarter valued at approximately $42,000. GAMMA Investing LLC purchased a new stake in shares of Webster Financial in the 4th quarter valued at approximately $69,000. Headlands Technologies LLC purchased a new position in Webster Financial during the 4th quarter worth approximately $127,000. Finally, Covestor Ltd lifted its holdings in shares of Webster Financial by 17.0% in the third quarter. Covestor Ltd now owns 3,529 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 513 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

Insider Transactions at Webster Financial

In other news, insider Daniel Bley sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $47.60, for a total value of $95,200.00. Following the sale, the insider now owns 27,955 shares in the company, valued at $1,330,658. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Webster Financial Stock Down 1.0 %

WBS opened at $45.65 on Wednesday. Webster Financial Co. has a twelve month low of $31.62 and a twelve month high of $53.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.86 and a current ratio of 0.86. The business has a 50 day moving average price of $47.52 and a 200 day moving average price of $46.88. The firm has a market cap of $7.84 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 0.40 and a beta of 1.35.

Webster Financial (NYSE:WBS) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The firm had revenue of $667.10 million during the quarter, compared to analyst estimates of $680.72 million. Webster Financial had a net margin of 21.09% and a return on equity of 12.55%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 earnings per share. Research analysts forecast that Webster Financial Co. will post 5.62 EPS for the current year.

Webster Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 6th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.50%. The ex-dividend date is Friday, May 3rd. Webster Financial’s dividend payout ratio is currently 32.79%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WBS shares. Citigroup dropped their price target on Webster Financial from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Raymond James restated an “outperform” rating and set a $60.00 price target on shares of Webster Financial in a report on Tuesday, March 26th. JPMorgan Chase & Co. dropped their price objective on shares of Webster Financial from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Morgan Stanley lifted their target price on shares of Webster Financial from $51.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Webster Financial from $64.00 to $58.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.23.

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.