NBC Securities Inc. Raises Stock Holdings in Webster Financial Co. (NYSE:WBS)

NBC Securities Inc. boosted its holdings in shares of Webster Financial Co. (NYSE:WBS) by 117.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,268 shares of the financial services provider’s stock after acquiring an additional 686 shares during the quarter. NBC Securities Inc.’s holdings in Webster Financial were worth $59,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Webster Financial by 28.0% during the second quarter. Dimensional Fund Advisors LP now owns 5,522,044 shares of the financial services provider’s stock valued at $240,687,000 after purchasing an additional 1,206,575 shares during the period. Point72 Asset Management L.P. boosted its position in Webster Financial by 64.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,604,198 shares of the financial services provider’s stock valued at $69,927,000 after buying an additional 631,080 shares during the period. Bank of Montreal Can boosted its position in Webster Financial by 1,482.9% in the 2nd quarter. Bank of Montreal Can now owns 339,246 shares of the financial services provider’s stock valued at $14,801,000 after buying an additional 317,814 shares during the period. Earnest Partners LLC increased its position in shares of Webster Financial by 11.2% during the first quarter. Earnest Partners LLC now owns 3,072,624 shares of the financial services provider’s stock worth $155,997,000 after acquiring an additional 308,455 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Webster Financial by 12.9% during the second quarter. American Century Companies Inc. now owns 2,640,425 shares of the financial services provider’s stock worth $115,096,000 after acquiring an additional 301,935 shares during the period. Institutional investors own 85.58% of the company’s stock.

Webster Financial Stock Performance

Shares of Webster Financial stock opened at $52.91 on Monday. The company has a 50 day moving average price of $46.21 and a 200 day moving average price of $45.33. The firm has a market capitalization of $9.07 billion, a P/E ratio of 10.84, a PEG ratio of 0.88 and a beta of 1.28. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.45. Webster Financial Co. has a 52 week low of $36.36 and a 52 week high of $54.38.

Webster Financial (NYSE:WBS) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.34 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.01). Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. The company had revenue of $647.62 million for the quarter, compared to analyst estimates of $677.72 million. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Sell-side analysts expect that Webster Financial Co. will post 5.26 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on WBS. Wedbush increased their price objective on Webster Financial from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Financial Group cut their price target on Webster Financial from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Barclays lifted their price objective on Webster Financial from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company increased their target price on shares of Webster Financial from $50.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Webster Financial from $58.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.85.

Insider Buying and Selling at Webster Financial

In other news, insider Jason A. Soto sold 1,650 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $46.32, for a total value of $76,428.00. Following the completion of the transaction, the insider now directly owns 20,539 shares in the company, valued at $951,366.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Jason A. Soto sold 1,650 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $46.32, for a total value of $76,428.00. Following the sale, the insider now owns 20,539 shares in the company, valued at $951,366.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles L. Wilkins sold 5,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $49.07, for a total transaction of $245,350.00. Following the transaction, the insider now directly owns 45,157 shares of the company’s stock, valued at approximately $2,215,853.99. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.88% 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.