Leeward Investments LLC MA Sells 5,078 Shares of Webster Financial Co. (NYSE:WBS)

Leeward Investments LLC MA decreased its position in Webster Financial Co. (NYSE:WBS) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,149 shares of the financial services provider’s stock after selling 5,078 shares during the period. Leeward Investments LLC MA owned 0.11% of Webster Financial worth $9,550,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WBS. Charles Schwab Investment Management Inc. raised its position in shares of Webster Financial by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,278,976 shares of the financial services provider’s stock worth $51,556,000 after purchasing an additional 21,026 shares during the period. Hudson Valley Investment Advisors Inc. ADV raised its position in shares of Webster Financial by 98.1% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 149,258 shares of the financial services provider’s stock worth $7,576,000 after purchasing an additional 73,924 shares during the period. FDx Advisors Inc. raised its position in shares of Webster Financial by 7.6% during the third quarter. FDx Advisors Inc. now owns 5,753 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 408 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Webster Financial by 58.2% during the third quarter. Envestnet Asset Management Inc. now owns 319,379 shares of the financial services provider’s stock worth $12,874,000 after purchasing an additional 117,437 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Webster Financial by 15.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 83,725 shares of the financial services provider’s stock worth $3,375,000 after purchasing an additional 11,387 shares during the period. Institutional investors own 85.58% of the company’s stock.

Insider Transactions at Webster Financial

In other Webster Financial news, insider Daniel Bley sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $47.60, for a total value of $95,200.00. Following the completion of the transaction, the insider now owns 27,955 shares of the company’s stock, valued at approximately $1,330,658. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Webster Financial news, insider Daniel Bley sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $47.60, for a total value of $95,200.00. Following the sale, the insider now owns 27,955 shares in the company, valued at approximately $1,330,658. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher J. Motl sold 10,475 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $52.40, for a total value of $548,890.00. Following the completion of the sale, the insider now owns 63,306 shares in the company, valued at approximately $3,317,234.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,975 shares of company stock valued at $1,341,095. Corporate insiders own 0.88% of the company’s stock.

Webster Financial Stock Performance

WBS traded down $0.46 during trading on Friday, hitting $45.02. The stock had a trading volume of 1,594,339 shares, compared to its average volume of 1,167,191. The company has a 50 day moving average price of $47.88 and a 200-day moving average price of $46.48. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.37 and a beta of 1.33. Webster Financial Co. has a one year low of $31.03 and a one year high of $53.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.86 and a quick ratio of 0.85.

Webster Financial (NYSE:WBS) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.02). The company had revenue of $667.10 million during the quarter, compared to analyst estimates of $680.72 million. Webster Financial had a net margin of 21.09% and a return on equity of 12.55%. Webster Financial’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 earnings per share. As a group, research analysts predict that Webster Financial Co. will post 5.72 EPS for the current year.

Webster Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.55%. Webster Financial’s dividend payout ratio (DPR) is currently 32.79%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WBS shares. Raymond James reissued an “outperform” rating and issued a $60.00 target price on shares of Webster Financial in a research report on Tuesday, March 26th. Royal Bank of Canada lowered their price target on Webster Financial from $57.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday. Citigroup lowered their price target on Webster Financial from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on Webster Financial from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Keefe, Bruyette & Woods lowered their price target on Webster Financial from $64.00 to $58.00 and set an “outperform” rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Webster Financial has a consensus rating of “Moderate Buy” and a consensus target price of $56.23.

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.