New York State Teachers Retirement System Sells 300 Shares of Webster Financial Co. (NYSE:WBS)

New York State Teachers Retirement System decreased its position in shares of Webster Financial Co. (NYSE:WBS) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 254,629 shares of the financial services provider’s stock after selling 300 shares during the period. New York State Teachers Retirement System owned 0.15% of Webster Financial worth $14,061,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Penbrook Management LLC grew its stake in Webster Financial by 4.3% during the fourth quarter. Penbrook Management LLC now owns 4,830 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 200 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Webster Financial by 9.3% during the 3rd quarter. Assetmark Inc. now owns 2,611 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 222 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Webster Financial by 3.2% in the fourth quarter. Wedmont Private Capital now owns 7,628 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 237 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Webster Financial by 14.8% in the fourth quarter. GAMMA Investing LLC now owns 2,045 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 264 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Webster Financial by 17.0% during the third quarter. Covestor Ltd now owns 1,895 shares of the financial services provider’s stock valued at $89,000 after buying an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Insiders Place Their Bets

In other news, insider Daniel Bley sold 500 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $61.91, for a total transaction of $30,955.00. Following the transaction, the insider now directly owns 17,279 shares in the company, valued at approximately $1,069,742.89. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John R. Ciulla sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $59.33, for a total transaction of $474,640.00. Following the completion of the transaction, the chief executive officer now directly owns 218,924 shares of the company’s stock, valued at $12,988,760.92. This trade represents a 3.53 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on WBS shares. Wells Fargo & Company raised Webster Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $70.00 to $75.00 in a research note on Monday, January 6th. Royal Bank of Canada upped their price target on shares of Webster Financial from $66.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price objective on shares of Webster Financial from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Barclays upped their target price on shares of Webster Financial from $63.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded Webster Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 11th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.08.

Webster Financial Trading Up 0.2 %

WBS opened at $59.08 on Tuesday. Webster Financial Co. has a one year low of $39.33 and a one year 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 stock has a market cap of $10.13 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 1.09 and a beta of 1.29. The stock’s 50 day moving average price is $57.69 and its 200-day moving average price is $52.98.

Webster Financial (NYSE:WBS) last released its earnings results on Friday, January 17th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The business had revenue of $661.00 million for the quarter, compared to analyst estimates of $687.53 million. Webster Financial had a return on equity of 10.82% and a net margin of 18.39%. During the same quarter last year, the firm posted $1.46 earnings per share. On average, equities analysts forecast that Webster Financial Co. will post 5.85 EPS for the current year.

Webster Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.60 annualized dividend and a yield of 2.71%. Webster Financial’s dividend payout ratio (DPR) is 36.61%.

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.