10,467 Shares in Webster Financial Co. (NYSE:WBS) Purchased by 111 Capital

111 Capital purchased a new stake in Webster Financial Co. (NYSE:WBS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,467 shares of the financial services provider's stock, valued at approximately $578,000.

Several other large investors have also recently bought and sold shares of WBS. Wealth Enhancement Advisory Services LLC raised its position in shares of Webster Financial by 15.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,864 shares of the financial services provider's stock valued at $600,000 after buying an additional 1,459 shares in the last quarter. Forum Financial Management LP raised its position in shares of Webster Financial by 31.0% during the 4th quarter. Forum Financial Management LP now owns 5,862 shares of the financial services provider's stock valued at $324,000 after buying an additional 1,388 shares in the last quarter. GTS Securities LLC purchased a new stake in shares of Webster Financial during the 4th quarter valued at $387,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Webster Financial by 16.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 456,005 shares of the financial services provider's stock valued at $25,181,000 after buying an additional 65,951 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its position in shares of Webster Financial by 53.3% during the 4th quarter. Voloridge Investment Management LLC now owns 764,881 shares of the financial services provider's stock valued at $42,237,000 after buying an additional 265,940 shares in the last quarter. 85.58% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Daniel Bley sold 1,800 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $47.84, for a total transaction of $86,112.00. Following the sale, the insider now owns 21,517 shares of the company's stock, valued at $1,029,373.28. The trade was a 7.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Javier L. Evans sold 7,800 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $52.58, for a total transaction of $410,124.00. Following the sale, the insider now directly owns 19,820 shares in the company, valued at $1,042,135.60. The trade was a 28.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,000 shares of company stock valued at $667,960. Corporate insiders own 0.54% of the company's stock.

Webster Financial Trading Down 0.3%

Shares of WBS stock traded down $0.13 during mid-day trading on Monday, reaching $51.35. The stock had a trading volume of 1,437,172 shares, compared to its average volume of 1,277,539. The stock's 50-day moving average price is $48.44 and its two-hundred day moving average price is $53.94. The firm has a market capitalization of $8.64 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 1.02 and a beta of 0.98. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. Webster Financial Co. has a 52-week low of $39.34 and a 52-week high of $63.99.

Webster Financial (NYSE:WBS - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.08). The company had revenue of $704.80 million for the quarter, compared to the consensus estimate of $708.46 million. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. The company's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.35 EPS. Equities analysts expect that Webster Financial Co. will post 5.88 earnings per share for the current fiscal year.

Webster Financial announced that its board has approved a stock repurchase program on Thursday, May 1st that allows the company to buyback $700.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy up to 8.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Webster Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, May 12th. Webster Financial's payout ratio is 36.04%.

Analyst Ratings Changes

WBS has been the topic of a number of analyst reports. Barclays decreased their target price on shares of Webster Financial from $80.00 to $72.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their target price on shares of Webster Financial from $70.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Royal Bank of Canada set a $60.00 target price on shares of Webster Financial and gave the stock an "outperform" rating in a research report on Friday, April 25th. Wells Fargo & Company decreased their target price on shares of Webster Financial from $75.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, Raymond James decreased their price objective on shares of Webster Financial from $65.00 to $58.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $63.75.

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.