Waycross Partners LLC Has $228,000 Holdings in Webster Financial Co. (NYSE:WBS)

Waycross Partners LLC cut its holdings in shares of Webster Financial Co. (NYSE:WBS) by 14.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,500 shares of the financial services provider’s stock after selling 750 shares during the period. Waycross Partners LLC’s holdings in Webster Financial were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Webster Financial during the 4th quarter valued at about $127,000. Charles Schwab Investment Management Inc. raised its position in shares of Webster Financial by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,278,976 shares of the financial services provider’s stock valued at $51,556,000 after acquiring 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% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 149,258 shares of the financial services provider’s stock valued at $7,576,000 after acquiring an additional 73,924 shares during the period. FDx Advisors Inc. raised its position in shares of Webster Financial by 7.6% in the 3rd quarter. FDx Advisors Inc. now owns 5,753 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 408 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Webster Financial by 58.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 319,379 shares of the financial services provider’s stock valued at $12,874,000 after acquiring an additional 117,437 shares during the period. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Webster Financial

In other Webster Financial news, insider Daniel Bley sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $47.60, for a total transaction of $95,200.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

Webster Financial Stock Down 2.4 %

Shares of NYSE:WBS traded down $1.08 during midday trading on Tuesday, hitting $43.81. The stock had a trading volume of 1,144,964 shares, compared to its average volume of 1,165,262. Webster Financial Co. has a 12 month low of $31.03 and a 12 month high of $53.39. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.54. The business’s 50-day simple moving average is $47.79 and its 200-day simple moving average is $46.65. The company has a market cap of $7.52 billion, a P/E ratio of 8.98, a PEG ratio of 0.37 and a beta of 1.33.

Webster Financial (NYSE:WBS) last released its earnings results 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). Webster Financial had a net margin of 21.09% and a return on equity of 12.55%. The firm had revenue of $667.10 million during the quarter, compared to the consensus estimate of $680.72 million. During the same period in the prior year, the business posted $1.49 earnings per share. Webster Financial’s quarterly revenue was up .2% compared to the same quarter last year. On average, sell-side analysts forecast that Webster Financial Co. will post 5.68 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, May 3rd. Webster Financial’s dividend payout ratio is 32.79%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WBS. Bank of America started coverage on shares of Webster Financial in a research report on Thursday, January 11th. They issued a “buy” rating and a $60.00 price target on the stock. Raymond James reissued an “outperform” rating and set a $60.00 target price on shares of Webster Financial in a research note on Tuesday, March 26th. JPMorgan Chase & Co. lowered their target price on Webster Financial from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Morgan Stanley increased their target price on Webster Financial from $51.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods lowered their target price on Webster Financial from $64.00 to $58.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Webster Financial presently has a consensus rating of “Moderate Buy” and an average target price of $56.23.

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.