Stablepoint Partners LLC Acquires 1,683 Shares of Webster Financial Co. (NYSE:WBS)

Stablepoint Partners LLC boosted its stake in Webster Financial Co. (NYSE:WBS) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,350 shares of the financial services provider’s stock after purchasing an additional 1,683 shares during the period. Stablepoint Partners LLC owned about 0.05% of Webster Financial worth $4,351,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. CIBC Asset Management Inc grew its stake in Webster Financial by 5.4% in the second quarter. CIBC Asset Management Inc now owns 4,821 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 248 shares during the period. William Blair Investment Management LLC raised its holdings in Webster Financial by 6.5% during the first quarter. William Blair Investment Management LLC now owns 4,207 shares of the financial services provider’s stock worth $214,000 after buying an additional 255 shares during the last quarter. US Bancorp DE lifted its stake in shares of Webster Financial by 3.6% in the first quarter. US Bancorp DE now owns 7,487 shares of the financial services provider’s stock valued at $380,000 after buying an additional 260 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Webster Financial by 6.5% during the first quarter. Wedmont Private Capital now owns 6,054 shares of the financial services provider’s stock valued at $294,000 after buying an additional 367 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Webster Financial by 30.1% during the second quarter. GAMMA Investing LLC now owns 1,629 shares of the financial services provider’s stock valued at $71,000 after buying an additional 377 shares during the last quarter. 85.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank of Canada cut their price target on Webster Financial from $54.00 to $51.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Jefferies Financial Group lowered their target price on shares of Webster Financial from $56.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods dropped their price target on shares of Webster Financial from $58.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 9th. JPMorgan Chase & Co. reduced their price objective on shares of Webster Financial from $58.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Finally, Morgan Stanley dropped their target price on shares of Webster Financial from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. Two 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.10.

Webster Financial Stock Performance

WBS stock traded down $0.52 during midday trading on Monday, reaching $47.34. 50,201 shares of the company’s stock traded hands, compared to its average volume of 1,219,308. Webster Financial Co. has a 52 week low of $36.36 and a 52 week high of $53.39. The company has a 50-day moving average price of $45.48 and a two-hundred day moving average price of $45.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $8.12 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 0.77 and a beta of 1.28.

Webster Financial (NYSE:WBS) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.08). The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $671.91 million. Webster Financial had a net margin of 19.81% and a return on equity of 11.81%. During the same quarter last year, the business posted $1.50 earnings per share. As a group, equities analysts anticipate that Webster Financial Co. will post 5.26 EPS for the current year.

Webster Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Monday, July 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.38%. Webster Financial’s payout ratio is currently 32.79%.

Insider Buying and Selling

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

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.