Oliver Luxxe Assets LLC Has $2.82 Million Position in Webster Financial Co. (NYSE:WBS)

Oliver Luxxe Assets LLC raised its position in shares of Webster Financial Co. (NYSE:WBSFree Report) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,553 shares of the financial services provider’s stock after purchasing an additional 1,242 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Webster Financial were worth $2,820,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WBS. Norges Bank bought a new stake in Webster Financial in the fourth quarter worth $97,217,000. FMR LLC boosted its holdings in Webster Financial by 22.6% in the third quarter. FMR LLC now owns 7,258,411 shares of the financial services provider’s stock worth $292,587,000 after purchasing an additional 1,339,862 shares in the last quarter. American Century Companies Inc. boosted its holdings in Webster Financial by 1,773.9% in the third quarter. American Century Companies Inc. now owns 1,324,457 shares of the financial services provider’s stock worth $53,389,000 after purchasing an additional 1,253,778 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Webster Financial by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,916,013 shares of the financial services provider’s stock worth $198,785,000 after purchasing an additional 430,331 shares in the last quarter. Finally, Swiss National Bank bought a new stake in Webster Financial in the fourth quarter worth $17,329,000. 85.58% of the stock is owned by institutional investors and hedge funds.

Webster Financial Trading Down 2.1 %

WBS stock traded down $0.92 during midday trading on Wednesday, reaching $42.90. The company’s stock had a trading volume of 764,797 shares, compared to its average volume of 1,149,550. Webster Financial Co. has a 52 week low of $34.85 and a 52 week high of $53.39. The stock has a market cap of $7.36 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 0.54 and a beta of 1.35. 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 $46.70 and its 200-day simple moving average is $47.61.

Webster Financial (NYSE:WBSGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $1.35 earnings per share (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 net margin of 21.09% and a return on equity of 12.55%. Webster Financial’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.49 earnings per share. As a group, sell-side analysts expect that Webster Financial Co. will post 5.57 EPS for the current year.

Webster Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 6th were issued a $0.40 dividend. The ex-dividend date was Friday, May 3rd. This represents a $1.60 annualized dividend and a yield of 3.73%. Webster Financial’s dividend payout ratio (DPR) is presently 32.79%.

Insider Buying and Selling

In related news, insider Daniel Bley sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $47.60, for a total transaction of $95,200.00. Following the sale, the insider now directly owns 27,955 shares in the company, valued at $1,330,658. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WBS has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Webster Financial from $64.00 to $58.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Citigroup cut their price objective on shares of Webster Financial from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. StockNews.com raised shares of Webster Financial from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Jefferies Financial Group dropped their price target on shares of Webster Financial from $65.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Finally, Morgan Stanley increased their price target on shares of Webster Financial from $51.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Webster Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

Check Out Our Latest Research Report on Webster Financial

About Webster Financial

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Webster Financial Co. (NYSE:WBSFree Report).

Institutional Ownership by Quarter for Webster Financial (NYSE:WBS)

Receive News & Ratings for Webster Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Webster Financial and related companies with MarketBeat.com's FREE daily email newsletter.