Webster Financial Co. (NYSE:WBS) Shares Acquired by Penbrook Management LLC

Penbrook Management LLC raised its position in shares of Webster Financial Co. (NYSE:WBS) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,830 shares of the financial services provider’s stock after buying an additional 200 shares during the quarter. Penbrook Management LLC’s holdings in Webster Financial were worth $267,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Webster Financial in the 4th quarter valued at approximately $43,000. Perigon Wealth Management LLC acquired a new position in Webster Financial in the fourth quarter worth $238,000. Wetzel Investment Advisors Inc. bought a new stake in Webster Financial during the fourth quarter valued at $232,000. Pacer Advisors Inc. raised its holdings in shares of Webster Financial by 1.9% during the fourth quarter. Pacer Advisors Inc. now owns 25,553 shares of the financial services provider’s stock worth $1,411,000 after purchasing an additional 482 shares during the period. Finally, KBC Group NV lifted its position in shares of Webster Financial by 222.1% in the 4th quarter. KBC Group NV now owns 78,822 shares of the financial services provider’s stock worth $4,353,000 after buying an additional 54,354 shares during the last quarter. Institutional investors own 85.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WBS. Wells Fargo & Company upgraded shares of Webster Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $70.00 to $75.00 in a research note on Monday, January 6th. UBS Group initiated coverage on Webster Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $76.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Webster Financial from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Barclays increased their target price on Webster Financial from $63.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Stephens set a $58.00 price target on shares of Webster Financial in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

Webster Financial Price Performance

WBS stock opened at $59.95 on Thursday. The firm has a 50-day moving average of $58.02 and a two-hundred day moving average of $51.89. The firm has a market capitalization of $10.28 billion, a PE ratio of 13.72, a P/E/G ratio of 1.06 and a beta of 1.30. 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 one year low of $39.33 and a one year high of $63.99.

Webster Financial (NYSE:WBS) last posted its quarterly earnings data on Friday, January 17th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. The firm had revenue of $661.00 million during the quarter, compared to analyst estimates of $687.53 million. During the same quarter last year, the business posted $1.46 EPS. On average, analysts forecast that Webster Financial Co. will post 5.83 earnings per share for the current year.

Webster Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.67%. Webster Financial’s dividend payout ratio is 36.61%.

Insider Buying and Selling

In other Webster Financial news, insider Daniel Bley sold 500 shares of Webster Financial stock in a transaction 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 completion of the sale, the insider now owns 17,279 shares of the company’s stock, valued at $1,069,742.89. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Javier L. Evans sold 10,137 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 22,657 shares in the company, valued at $1,300,738.37. This trade represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,287 shares of company stock valued at $1,485,050. Corporate insiders own 0.88% of the company’s stock.

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.