Forum Financial Management LP Makes New $209,000 Investment in Webster Financial Co. (NYSE:WBS)

Forum Financial Management LP bought a new stake in Webster Financial Co. (NYSE:WBS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,474 shares of the financial services provider’s stock, valued at approximately $209,000.

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

Insiders Place Their Bets

In related news, CAO Albert Jen-Wen Wang sold 4,000 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $52.43, for a total value of $209,720.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,273 shares in the company, valued at approximately $748,333.39. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Albert Jen-Wen Wang sold 4,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 14,273 shares in the company, valued at approximately $748,333.39. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Pettie sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $51.14, for a total transaction of $230,130.00. Following the transaction, the director now directly owns 32,780 shares of the company’s stock, valued at $1,676,369.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,963 shares of company stock valued at $620,272 in the last quarter. 0.72% of the stock is currently owned by company insiders.

Webster Financial Stock Up 1.2 %

WBS opened at $50.85 on Wednesday. The firm has a market cap of $8.72 billion, a P/E ratio of 11.53, a PEG ratio of 0.84 and a beta of 1.27. The business’s fifty day simple moving average is $47.60 and its 200 day simple moving average is $45.68. Webster Financial Co. has a 52 week low of $38.54 and a 52 week high of $54.38. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.45.

Webster Financial (NYSE:WBS) last issued its quarterly earnings results 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). The firm had revenue of $647.62 million for the quarter, compared to analysts’ expectations of $677.72 million. Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. During the same quarter last year, the firm earned $1.55 earnings per share. As a group, equities research analysts anticipate that Webster Financial Co. will post 5.27 EPS for the current fiscal year.

Webster Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.60 annualized dividend and a yield of 3.15%. Webster Financial’s dividend payout ratio (DPR) is presently 36.28%.

Analyst Upgrades and Downgrades

WBS has been the topic of a number of recent analyst reports. Barclays upped their price target on shares of Webster Financial from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. StockNews.com raised shares of Webster Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Wedbush boosted their price target on Webster Financial from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. dropped their price objective on Webster Financial from $58.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods decreased their target price on Webster Financial from $58.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 9th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.85.

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.