4,200 Shares in Webster Financial Co. (NYSE:WBS) Bought by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. bought a new position in shares of Webster Financial Co. (NYSE:WBS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,200 shares of the financial services provider’s stock, valued at approximately $232,000.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. lifted 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 in the last quarter. Wedmont Private Capital lifted its stake in Webster Financial by 3.2% in the fourth quarter. Wedmont Private Capital now owns 7,628 shares of the financial services provider’s stock valued at $409,000 after buying an additional 237 shares in the last quarter. GAMMA Investing LLC boosted 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 valued at $113,000 after buying an additional 264 shares during the period. Covestor Ltd increased its holdings in Webster Financial by 17.0% during the 3rd quarter. Covestor Ltd now owns 1,895 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 276 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Webster Financial by 3.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,684 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 279 shares during the period. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on WBS. Morgan Stanley dropped their target price on shares of Webster Financial from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. Royal Bank of Canada lifted their price target on shares of Webster Financial from $66.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Wells Fargo & Company raised shares of Webster Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $70.00 to $75.00 in a report on Monday, January 6th. Stephens set a $58.00 price objective on Webster Financial in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Webster Financial from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.08.

Insider Activity

In other news, insider Javier L. Evans sold 10,137 shares of Webster Financial stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $57.41, for a total value of $581,965.17. Following the completion of the sale, the insider now directly owns 22,657 shares of the company’s stock, valued at approximately $1,300,738.37. The trade was a 30.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Bley sold 500 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $61.91, for a total value 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. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,287 shares of company stock valued at $1,485,050. 0.88% of the stock is currently owned by insiders.

Webster Financial Price Performance

Shares of Webster Financial stock opened at $59.06 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50 day simple moving average of $58.03 and a two-hundred day simple moving average of $51.75. The stock has a market capitalization of $10.12 billion, a P/E ratio of 13.51, a PEG ratio of 1.06 and a beta of 1.30. Webster Financial Co. has a 12 month low of $39.33 and a 12 month high of $63.99.

Webster Financial (NYSE:WBS) last posted its quarterly 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 firm had revenue of $661.00 million for the quarter, compared to analyst estimates of $687,532.71 billion. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. During the same period in the previous year, the business posted $1.46 earnings per share. As a group, analysts predict that Webster Financial Co. will post 5.83 EPS for the current fiscal year.

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.