8,483 Shares in Webster Financial Corporation $WBS Bought by Versor Investments LP

Versor Investments LP bought a new position in shares of Webster Financial Corporation (NYSE:WBS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 8,483 shares of the financial services provider’s stock, valued at approximately $463,000.

Other large investors have also bought and sold shares of the company. Picton Mahoney Asset Management bought a new position in Webster Financial during the 1st quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Webster Financial by 327.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 739 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 566 shares during the last quarter. TCTC Holdings LLC raised its position in shares of Webster Financial by 118.4% in the 1st quarter. TCTC Holdings LLC now owns 832 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 451 shares in the last quarter. IFP Advisors Inc raised its position in shares of Webster Financial by 3,628.6% in the 2nd quarter. IFP Advisors Inc now owns 783 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 762 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Webster Financial by 43.7% in the 1st quarter. Allworth Financial LP now owns 941 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 286 shares in the last quarter. 85.58% of the stock is owned by institutional investors.

Webster Financial Stock Performance

Shares of Webster Financial stock opened at $56.65 on Wednesday. Webster Financial Corporation has a one year low of $39.43 and a one year high of $63.99. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 0.50 and a beta of 1.05. The business has a 50-day simple moving average of $59.26 and a 200 day simple moving average of $56.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.85.

Webster Financial (NYSE:WBS) last issued its earnings results on Friday, October 17th. The financial services provider reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.02. Webster Financial had a return on equity of 11.07% and a net margin of 21.32%.The business had revenue of $732.60 million during the quarter, compared to analyst estimates of $725.22 million. During the same period in the previous year, the company posted $1.34 EPS. On average, research analysts anticipate that Webster Financial Corporation will post 5.88 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, November 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, November 10th. Webster Financial’s payout ratio is presently 29.80%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Webster Financial from $70.00 to $68.00 and set an “overweight” rating for the company in a research report on Wednesday, October 1st. Keefe, Bruyette & Woods lifted their price objective on Webster Financial from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Morgan Stanley lifted their price objective on Webster Financial from $64.00 to $77.00 and gave the stock an “underperform” rating in a research report on Monday, September 29th. Citigroup lifted their price objective on Webster Financial from $65.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company lowered their price objective on Webster Financial from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Webster Financial presently has an average rating of “Moderate Buy” and an average price target of $69.69.

Insider Activity at Webster Financial

In other Webster Financial news, CAO Elzbieta Cieslik sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $61.58, for a total transaction of $123,160.00. Following the completion of the sale, the chief accounting officer directly owned 14,894 shares of the company’s stock, valued at approximately $917,172.52. The trade was a 11.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John R. Ciulla sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $57.95, for a total value of $463,600.00. Following the sale, the chief executive officer directly owned 239,872 shares of the company’s stock, valued at $13,900,582.40. This represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,807 shares of company stock valued at $698,527 in the last three months. Corporate insiders own 0.54% of the company’s stock.

About Webster Financial

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.