Roubaix Capital LLC Takes Position in Webster Financial Co. (NYSE:WBS)

Roubaix Capital LLC bought a new position in Webster Financial Co. (NYSE:WBS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 60,101 shares of the financial services provider's stock, valued at approximately $3,051,000. Webster Financial accounts for about 2.1% of Roubaix Capital LLC's investment portfolio, making the stock its 20th biggest holding.

A number of other institutional investors also recently bought and sold shares of WBS. Commonwealth Equity Services LLC raised its holdings in Webster Financial by 4.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 86,977 shares of the financial services provider's stock worth $3,506,000 after purchasing an additional 3,505 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Webster Financial by 12.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,325 shares of the financial services provider's stock worth $295,000 after buying an additional 792 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Webster Financial by 31.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 24,979 shares of the financial services provider's stock worth $1,007,000 after buying an additional 5,915 shares in the last quarter. Advisor Partners II LLC increased its stake in Webster Financial by 18.5% in the 3rd quarter. Advisor Partners II LLC now owns 7,682 shares of the financial services provider's stock worth $310,000 after buying an additional 1,197 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Webster Financial by 15.6% in the 3rd quarter. Assetmark Inc. now owns 5,304 shares of the financial services provider's stock worth $214,000 after buying an additional 716 shares in the last quarter. 85.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WBS has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on Webster Financial from $65.00 to $63.00 and set an "overweight" rating for the company in a research note on Wednesday, April 24th. Royal Bank of Canada cut their price objective on Webster Financial from $57.00 to $54.00 and set an "outperform" rating for the company in a research report on Wednesday, April 24th. Morgan Stanley raised their price objective on Webster Financial from $51.00 to $61.00 and gave the company an "overweight" rating in a research report on Wednesday, February 7th. StockNews.com upgraded Webster Financial from a "sell" rating to a "hold" rating in a research report on Friday, April 26th. Finally, Citigroup cut their price objective on Webster Financial from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $56.23.

Insider Activity

In other news, insider Daniel Bley sold 2,280 shares of Webster Financial stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $44.80, for a total transaction of $102,144.00. Following the completion of the sale, the insider now owns 28,693 shares of the company's stock, valued at $1,285,446.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.88% of the company's stock.

Webster Financial Trading Down 0.2 %

NYSE WBS traded down $0.07 during trading on Friday, hitting $45.88. The stock had a trading volume of 510,003 shares, compared to its average volume of 1,455,320. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 0.41 and a beta of 1.35. Webster Financial Co. has a one year low of $31.62 and a one year high of $53.39. The stock has a 50 day simple moving average of $47.44 and a 200 day simple moving average of $47.07.

Webster Financial (NYSE:WBS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). The firm had revenue of $667.10 million during the quarter, compared to the consensus estimate of $680.72 million. Webster Financial had a return on equity of 12.55% and a net margin of 21.09%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.49 EPS. Sell-side analysts predict that Webster Financial Co. will post 5.62 earnings per share for the current year.

Webster Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, May 3rd. Webster Financial's dividend payout ratio is presently 32.79%.

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.

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