Focus Partners Wealth Has $479,000 Holdings in Webster Financial Co. (NYSE:WBS)

Focus Partners Wealth reduced its holdings in Webster Financial Co. (NYSE:WBS - Free Report) by 88.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,668 shares of the financial services provider's stock after selling 68,972 shares during the period. Focus Partners Wealth's holdings in Webster Financial were worth $479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WBS. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Webster Financial in the 4th quarter worth $26,000. Headlands Technologies LLC acquired a new position in Webster Financial in the fourth quarter valued at about $32,000. R Squared Ltd bought a new position in Webster Financial during the fourth quarter worth about $43,000. UMB Bank n.a. grew its position in shares of Webster Financial by 88.1% during the 4th quarter. UMB Bank n.a. now owns 1,119 shares of the financial services provider's stock worth $62,000 after buying an additional 524 shares during the period. Finally, Aster Capital Management DIFC Ltd increased its stake in shares of Webster Financial by 742.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,264 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 1,114 shares during the last quarter. 85.58% of the stock is owned by institutional investors.

Webster Financial Stock Down 0.2%

NYSE WBS traded down $0.08 during trading on Monday, hitting $51.22. The stock had a trading volume of 1,128,546 shares, compared to its average volume of 1,271,736. Webster Financial Co. has a 12 month low of $39.34 and a 12 month high of $63.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 0.84. The company's 50-day moving average price is $48.48 and its two-hundred day moving average price is $54.22. The company has a market capitalization of $8.62 billion, a PE ratio of 11.72, a P/E/G ratio of 1.02 and a beta of 0.98.

Webster Financial (NYSE:WBS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.08). The business had revenue of $704.80 million during the quarter, compared to the consensus estimate of $708.46 million. Webster Financial had a return on equity of 10.82% and a net margin of 18.39%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.35 EPS. As a group, sell-side analysts forecast that Webster Financial Co. will post 5.88 EPS for the current year.

Webster Financial announced that its board has initiated a share buyback plan on Thursday, May 1st that allows the company to repurchase $700.00 million in shares. This repurchase authorization allows the financial services provider to repurchase up to 8.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Webster Financial Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.12%. Webster Financial's dividend payout ratio is 36.04%.

Insider Activity

In other news, insider Daniel Bley sold 1,200 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $49.97, for a total transaction of $59,964.00. Following the transaction, the insider now directly owns 20,317 shares in the company, valued at $1,015,240.49. The trade was a 5.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren States sold 2,200 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $50.80, for a total transaction of $111,760.00. Following the completion of the sale, the director now owns 14,620 shares of the company's stock, valued at $742,696. This trade represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,200 shares of company stock worth $257,836 in the last quarter. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WBS shares. Jefferies Financial Group assumed coverage on shares of Webster Financial in a research note on Wednesday, May 21st. They set a "buy" rating and a $65.00 price objective on the stock. Wells Fargo & Company reduced their price target 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. Morgan Stanley lowered their price objective on shares of Webster Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Truist Financial began coverage on Webster Financial in a report on Tuesday, May 13th. They set a "buy" rating and a $61.00 target price on the stock. Finally, Raymond James lowered their price target on Webster Financial from $65.00 to $58.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Webster Financial has an average rating of "Moderate Buy" and an average price target of $63.75.

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.