Leeward Investments LLC MA Cuts Stock Position in Webster Financial Co. (NYSE:WBS)

Leeward Investments LLC MA lowered its stake in Webster Financial Co. (NYSE:WBS) by 2.6% during the 4th quarter, according to its most recent filing 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’s holdings in Webster Financial were worth $9,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in Webster Financial during the 3rd quarter valued at $32,000. Bruce G. Allen Investments LLC purchased a new stake in Webster Financial in the 4th quarter worth $42,000. GAMMA Investing LLC purchased a new position in shares of Webster Financial during the fourth quarter valued at about $69,000. Covestor Ltd grew its position in shares of Webster Financial by 17.0% during the third quarter. Covestor Ltd now owns 3,529 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 513 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its position in shares of Webster Financial by 49.0% during the third quarter. Banque Cantonale Vaudoise now owns 3,576 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 1,176 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on WBS shares. Raymond James restated an “outperform” rating and set a $60.00 price objective on shares of Webster Financial in a research report on Tuesday, March 26th. JPMorgan Chase & Co. dropped their price target on Webster Financial from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Wednesday. Jefferies Financial Group dropped their price target on Webster Financial from $65.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Bank of America began coverage on Webster Financial in a research report on Thursday, January 11th. They issued a “buy” rating and a $60.00 price target for the company. Finally, StockNews.com raised shares of Webster Financial from a “sell” rating to a “hold” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $56.23.

Insider Buying and Selling

In related news, COO Luis Massiani sold 13,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $51.63, for a total value of $697,005.00. Following the completion of the transaction, the chief operating officer now owns 89,621 shares of the company’s stock, valued at $4,627,132.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Webster Financial news, COO Luis Massiani sold 13,500 shares of Webster Financial stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $51.63, for a total value of $697,005.00. Following the transaction, the chief operating officer now directly owns 89,621 shares of the company’s stock, valued at $4,627,132.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher J. Motl sold 10,475 shares of Webster Financial stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $52.40, for a total transaction of $548,890.00. Following the completion of the transaction, the insider now directly owns 63,306 shares in the company, valued at $3,317,234.40. The disclosure for this sale can be found here. Insiders sold 25,975 shares of company stock valued at $1,341,095 over the last 90 days. Corporate insiders own 0.88% of the company’s stock.

Webster Financial Trading Down 1.0 %

Shares of Webster Financial stock traded down $0.46 on Friday, hitting $45.02. 1,594,339 shares of the company traded hands, compared to its average volume of 1,167,191. The stock’s 50 day moving average price is $47.88 and its 200-day moving average price is $46.48. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. Webster Financial Co. has a 52 week low of $31.03 and a 52 week high of $53.39. The company has a market cap of $7.73 billion, a PE ratio of 9.23, a PEG ratio of 0.37 and a beta of 1.33.

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

Webster Financial Announces Dividend

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

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.