Webster Financial Co. (NYSE:WBS) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in shares of Webster Financial Co. (NYSE:WBS) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,378 shares of the financial services provider’s stock after acquiring an additional 1,736 shares during the period. Janney Montgomery Scott LLC’s holdings in Webster Financial were worth $1,696,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV raised its stake in Webster Financial by 8.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 3,976 shares of the financial services provider’s stock valued at $185,000 after buying an additional 311 shares in the last quarter. Hartford Financial Management Inc. raised its position in shares of Webster Financial by 38.8% during the 3rd quarter. Hartford Financial Management Inc. now owns 2,231 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 624 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in Webster Financial by 19.2% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 512,196 shares of the financial services provider’s stock worth $23,873,000 after purchasing an additional 82,430 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Webster Financial by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 20,014 shares of the financial services provider’s stock valued at $932,000 after purchasing an additional 1,350 shares in the last quarter. Finally, PFG Investments LLC purchased a new position in Webster Financial in the third quarter valued at approximately $205,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on WBS. JPMorgan Chase & Co. lowered their target price on shares of Webster Financial from $58.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Wells Fargo & Company lifted their target price on Webster Financial from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Stephens set a $58.00 target price on Webster Financial in a research report on Thursday, October 17th. Royal Bank of Canada lifted their price target on Webster Financial from $57.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Barclays increased their price objective on Webster Financial from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Webster Financial has an average rating of “Moderate Buy” and an average price target of $57.85.

Insider Buying and Selling at Webster Financial

In other news, insider Javier L. Evans sold 10,137 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $57.41, for a total value of $581,965.17. Following the sale, the insider now directly owns 22,657 shares in the company, valued at $1,300,738.37. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Javier L. Evans sold 10,137 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $57.41, for a total value of $581,965.17. Following the sale, the insider now owns 22,657 shares of the company’s stock, valued at approximately $1,300,738.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Albert Jen-Wen Wang sold 4,000 shares of the 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,100 shares of company stock worth $1,202,237. 0.88% of the stock is owned by corporate insiders.

Webster Financial Trading Down 0.4 %

Shares of WBS stock 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 debt-to-equity ratio of 0.45, a current ratio of 0.86 and a quick ratio of 0.86. The business’s fifty day moving average price is $49.16 and its 200 day moving average price is $46.28. The firm has a market capitalization of $10.26 billion, a PE 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 data on Thursday, October 17th. The financial services provider reported $1.34 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $677.72 million. During the same period in the prior year, the firm posted $1.55 EPS. As a group, sell-side analysts forecast that Webster Financial Co. will post 5.24 EPS for the current fiscal year.

Webster Financial Dividend Announcement

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

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.