Webster Financial Corporation $WBS Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC trimmed its holdings in Webster Financial Corporation (NYSE:WBS) by 7.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,191 shares of the financial services provider’s stock after selling 12,741 shares during the period. Cambiar Investors LLC owned 0.10% of Webster Financial worth $8,746,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Amundi raised its position in shares of Webster Financial by 699.7% in the first quarter. Amundi now owns 137,740 shares of the financial services provider’s stock valued at $7,100,000 after buying an additional 120,516 shares during the last quarter. GAMMA Investing LLC increased its position in Webster Financial by 48.3% during the first quarter. GAMMA Investing LLC now owns 3,032 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 987 shares during the last quarter. LPL Financial LLC increased its position in Webster Financial by 9.9% during the first quarter. LPL Financial LLC now owns 77,103 shares of the financial services provider’s stock worth $3,975,000 after purchasing an additional 6,948 shares during the last quarter. Great Lakes Advisors LLC increased its position in Webster Financial by 3,066.1% during the first quarter. Great Lakes Advisors LLC now owns 126,012 shares of the financial services provider’s stock worth $6,496,000 after purchasing an additional 122,032 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC increased its position in Webster Financial by 15.9% during the second quarter. Hunter Perkins Capital Management LLC now owns 118,256 shares of the financial services provider’s stock worth $6,457,000 after purchasing an additional 16,211 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Webster Financial Trading Up 0.7%

Shares of WBS stock opened at $56.98 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $9.47 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.50 and a beta of 1.05. The company has a 50-day moving average of $59.45 and a two-hundred day moving average of $55.94. Webster Financial Corporation has a 1-year low of $39.43 and a 1-year high of $63.99.

Webster Financial (NYSE:WBS) last announced its earnings results on Friday, October 17th. The financial services provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.02. The company had revenue of $732.60 million during the quarter, compared to analyst estimates of $725.22 million. Webster Financial had a net margin of 21.32% and a return on equity of 11.07%. During the same quarter last year, the firm posted $1.34 earnings per share. On average, analysts predict that Webster Financial Corporation will post 5.88 EPS for the current year.

Webster Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, November 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.8%. Webster Financial’s dividend payout ratio (DPR) is presently 29.80%.

Insider Activity

In other news, CAO Elzbieta Cieslik sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $61.58, for a total value of $123,160.00. Following the completion of the transaction, the chief accounting officer owned 14,894 shares of the company’s stock, valued at approximately $917,172.52. This trade represents a 11.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James Mi Griffin sold 807 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $62.14, for a total transaction of $50,146.98. Following the completion of the transaction, the insider directly owned 12,556 shares of the company’s stock, valued at approximately $780,229.84. The trade was a 6.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 11,807 shares of company stock valued at $698,527. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WBS shares. Cantor Fitzgerald started coverage on shares of Webster Financial in a research report on Wednesday, September 10th. They set an “overweight” rating and a $70.00 price objective for the company. Morgan Stanley raised their price objective on shares of Webster Financial from $64.00 to $77.00 and gave the stock an “underperform” rating in a research report on Monday, September 29th. Raymond James Financial restated an “outperform” rating and set a $65.00 price objective (down from $68.00) on shares of Webster Financial in a research report on Monday, October 20th. Weiss Ratings cut shares of Webster Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Webster Financial from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.69.

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.