First Horizon Advisors Inc. Has $65,000 Stock Position in Webster Financial Co. (NYSE:WBS)

First Horizon Advisors Inc. boosted its position in shares of Webster Financial Co. (NYSE:WBS) by 45.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,398 shares of the financial services provider’s stock after purchasing an additional 440 shares during the period. First Horizon Advisors Inc.’s holdings in Webster Financial were worth $65,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in WBS. V Square Quantitative Management LLC acquired a new stake in shares of Webster Financial during the 3rd quarter valued at $27,000. UMB Bank n.a. increased its stake in shares of Webster Financial by 340.7% during the 3rd quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 460 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in Webster Financial in the second quarter worth $32,000. Mather Group LLC. lifted its position in shares of Webster Financial by 7,650.0% in the second quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider’s stock worth $54,000 after buying an additional 1,224 shares during the last quarter. Finally, NBC Securities Inc. raised its stake in shares of Webster Financial by 117.9% in the 3rd quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 686 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Webster Financial

In other Webster Financial news, Director Lauren States sold 1,650 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $60.60, for a total transaction of $99,990.00. Following the completion of the sale, the director now directly owns 15,023 shares of the company’s stock, valued at approximately $910,393.80. The trade was a 9.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Javier L. Evans sold 10,137 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,750 shares of company stock valued at $2,074,367. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WBS. Barclays increased their price target on Webster Financial from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, October 18th. JPMorgan Chase & Co. lowered their target price on shares of Webster Financial from $58.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Morgan Stanley cut their target price on shares of Webster Financial from $57.00 to $54.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. Wells Fargo & Company raised their price target on Webster Financial from $50.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada boosted their price objective on Webster Financial from $57.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.85.

Webster Financial Price Performance

Shares of NYSE:WBS opened at $61.76 on Monday. The business’s 50 day moving average is $51.40 and its 200-day moving average is $47.04. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $10.59 billion, a PE ratio of 14.00, a PEG ratio of 0.91 and a beta of 1.27. Webster Financial Co. has a 1-year low of $39.33 and a 1-year high of $61.86.

Webster Financial (NYSE:WBS) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.34 earnings per share (EPS) 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 business had revenue of $647.62 million during the quarter, compared to analyst estimates of $677.72 million. During the same period last year, the company earned $1.55 EPS. Sell-side analysts predict that Webster Financial Co. will post 5.24 earnings per share for the current year.

Webster Financial Dividend Announcement

The company also recently disclosed 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 of this dividend was Friday, November 1st. This represents a $1.60 annualized dividend and a yield of 2.59%. Webster Financial’s dividend payout ratio is 36.28%.

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.