Fort Washington Investment Advisors Inc. OH Grows Stake in Webster Financial Co. (NYSE:WBS)

Fort Washington Investment Advisors Inc. OH increased its holdings in Webster Financial Co. (NYSE:WBS) by 20.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 360,614 shares of the financial services provider’s stock after buying an additional 60,820 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Webster Financial were worth $19,913,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WBS. V Square Quantitative Management LLC purchased a new stake in shares of Webster Financial in the 3rd quarter valued at about $27,000. UMB Bank n.a. raised its stake in Webster Financial by 340.7% in the third quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 460 shares in the last quarter. Brooklyn Investment Group bought a new stake in Webster Financial during the third quarter valued at approximately $53,000. NBC Securities Inc. grew its stake in Webster Financial by 117.9% in the 3rd quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider’s stock worth $59,000 after buying an additional 686 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Webster Financial by 45.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,398 shares of the financial services provider’s stock worth $65,000 after buying an additional 440 shares during the last quarter. Institutional investors own 85.58% of the company’s stock.

Webster Financial Trading Down 1.5 %

NYSE:WBS opened at $59.37 on Thursday. The firm has a market capitalization of $10.18 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.09 and a beta of 1.30. Webster Financial Co. has a 52 week low of $39.33 and a 52 week high of $63.99. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $58.10 and a 200 day moving average of $51.39.

Webster Financial (NYSE:WBS) last posted its earnings results on Friday, January 17th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. The company had revenue of $661.00 million during the quarter, compared to analyst estimates of $687,532.71 billion. During the same period in the prior year, the business posted $1.46 earnings per share. On average, research analysts predict that Webster Financial Co. will post 5.72 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Webster Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 11th. Stephens set a $58.00 price objective on Webster Financial in a research report on Thursday, October 17th. Morgan Stanley dropped their target price on Webster Financial from $57.00 to $54.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. Royal Bank of Canada increased their price target on shares of Webster Financial from $66.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Wedbush boosted their price objective on shares of Webster Financial from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.08.

Insider Transactions at Webster Financial

In other Webster Financial news, insider Javier L. Evans sold 10,137 shares of Webster Financial stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $57.41, for a total transaction of $581,965.17. Following the sale, the insider now directly owns 22,657 shares of the company’s stock, valued at approximately $1,300,738.37. The trade was a 30.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel Bley sold 500 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $61.91, for a total value of $30,955.00. Following the completion of the transaction, the insider now directly owns 17,279 shares of the company’s stock, valued at $1,069,742.89. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,287 shares of company stock worth $1,485,050. 0.72% of the stock is currently owned by insiders.

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.