Janney Montgomery Scott LLC Increases Stock Position in Webster Financial Co. (NYSE:WBS)

Janney Montgomery Scott LLC increased its position in Webster Financial Co. (NYSE:WBS) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,378 shares of the financial services provider’s stock after buying an additional 1,736 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Webster Financial were worth $1,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Webster Financial in the 3rd quarter valued at about $27,000. UMB Bank n.a. grew its stake in Webster Financial by 340.7% during the 3rd quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 460 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in Webster Financial during the 2nd quarter worth approximately $32,000. Mather Group LLC. raised its position in shares of Webster Financial by 7,650.0% in the 2nd quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 1,224 shares in the last quarter. Finally, NBC Securities Inc. boosted its stake in shares of Webster Financial by 117.9% during the 3rd quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider’s stock valued at $59,000 after buying an additional 686 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Webster Financial Price Performance

NYSE WBS opened at $59.84 on Thursday. Webster Financial Co. has a 1 year low of $39.33 and a 1 year high of $61.12. The business’s fifty day moving average is $49.16 and its two-hundred day moving average is $46.28. The stock has a market capitalization of $10.26 billion, a P/E ratio of 13.57, a P/E/G ratio of 0.89 and a beta of 1.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 0.86.

Webster Financial (NYSE:WBS) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.01). Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. The firm had revenue of $647.62 million during the quarter, compared to analysts’ expectations of $677.72 million. During the same period last year, the business earned $1.55 earnings per share. On average, research analysts forecast that Webster Financial Co. will post 5.24 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were paid a dividend of $0.40 per share. The ex-dividend date was Friday, November 1st. This represents a $1.60 annualized dividend and a yield of 2.67%. Webster Financial’s dividend payout ratio (DPR) is presently 36.28%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WBS. Royal Bank of Canada upped their price target on shares of Webster Financial from $57.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Wells Fargo & Company upped their target price on shares of Webster Financial from $50.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. decreased their price target 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. StockNews.com upgraded Webster Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, Barclays lifted their target price on Webster Financial from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Webster Financial has an average rating of “Moderate Buy” and a consensus target price of $57.85.

Insider Transactions at Webster Financial

In other news, Director Mark Pettie sold 4,500 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $51.14, for a total value of $230,130.00. Following the transaction, the director now directly owns 32,780 shares of the company’s stock, valued at approximately $1,676,369.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Webster Financial news, insider Javier L. Evans sold 10,137 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $57.41, for a total transaction of $581,965.17. Following the completion of the sale, the insider now owns 22,657 shares of the company’s stock, valued at $1,300,738.37. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Pettie sold 4,500 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 32,780 shares of the company’s stock, valued at $1,676,369.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,100 shares of company stock valued at $1,202,237 over the last three months. 0.88% of the stock is owned by corporate insiders.

Webster Financial Company 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.