Webster Financial Co. (NYSE:WBS) Holdings Trimmed by Entropy Technologies LP

Entropy Technologies LP reduced its position in shares of Webster Financial Co. (NYSE:WBS) by 44.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,600 shares of the financial services provider’s stock after selling 17,557 shares during the quarter. Entropy Technologies LP’s holdings in Webster Financial were worth $1,007,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of WBS. V Square Quantitative Management LLC acquired a new stake in Webster Financial during the 3rd quarter worth about $27,000. UMB Bank n.a. lifted its position in shares of Webster Financial by 340.7% in the third quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 460 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Webster Financial in the second quarter worth approximately $32,000. Mather Group LLC. boosted its holdings in shares of Webster Financial by 7,650.0% during the second quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 1,224 shares during the period. Finally, NBC Securities Inc. grew its position in Webster Financial by 117.9% during the third quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WBS. StockNews.com raised shares of Webster Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Wells Fargo & Company lifted their price objective on Webster Financial from $50.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. dropped their target price on Webster Financial from $58.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Royal Bank of Canada lifted their price target on Webster Financial from $57.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Barclays increased their price objective on Webster Financial from $60.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.85.

Webster Financial Price Performance

NYSE WBS opened at $59.84 on Thursday. Webster Financial Co. has a 1 year low of $39.33 and a 1 year high of $61.12. The company has a fifty day simple moving average of $49.16 and a 200 day simple moving average of $46.28. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45. The company has a market cap of $10.26 billion, a P/E ratio of 13.57, a P/E/G ratio of 0.89 and a beta of 1.27.

Webster Financial (NYSE:WBS) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The firm had revenue of $647.62 million for the quarter, compared to the consensus estimate of $677.72 million. Webster Financial had a net margin of 18.80% and a return on equity of 11.03%. During the same quarter last year, the company earned $1.55 earnings per share. On average, sell-side analysts predict that Webster Financial Co. will post 5.24 EPS for the current year.

Webster Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.67%. The ex-dividend date was Friday, November 1st. Webster Financial’s dividend payout ratio is currently 36.28%.

Insider Transactions at Webster Financial

In other news, CAO Albert Jen-Wen Wang sold 4,000 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $52.43, for a total value of $209,720.00. Following the sale, the chief accounting officer now owns 14,273 shares in the company, valued at approximately $748,333.39. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Webster Financial news, CAO Albert Jen-Wen Wang sold 4,000 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $52.43, for a total value of $209,720.00. Following the sale, the chief accounting officer now directly owns 14,273 shares in the company, valued at $748,333.39. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Javier L. Evans sold 10,137 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $57.41, for a total transaction of $581,965.17. Following the transaction, the insider now directly owns 22,657 shares of the company’s stock, valued at $1,300,738.37. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,100 shares of company stock worth $1,202,237 over the last three months. 0.88% of the stock is currently owned by insiders.

Webster Financial 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.