Pathstone Holdings LLC Acquires 5,993 Shares of Webster Financial Co. (NYSE:WBS)

Pathstone Holdings LLC increased its holdings in Webster Financial Co. (NYSE:WBS) by 8.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 78,342 shares of the financial services provider’s stock after buying an additional 5,993 shares during the quarter. Pathstone Holdings LLC’s holdings in Webster Financial were worth $3,652,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Webster Financial during the 3rd quarter valued at $27,000. UMB Bank n.a. increased its position in Webster Financial by 340.7% during the third quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 460 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Webster Financial in the second quarter valued at about $32,000. Mather Group LLC. boosted its position in Webster Financial by 7,650.0% in the second quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 1,224 shares during the last quarter. Finally, NBC Securities Inc. grew its stake in shares of Webster Financial by 117.9% during the 3rd quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 686 shares during the period. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Analyst Ratings Changes

WBS has been the topic of a number of research reports. Stephens set a $58.00 price objective on shares of Webster Financial in a report on Thursday, October 17th. Wells Fargo & Company boosted their price objective on shares of Webster Financial from $50.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. StockNews.com cut Webster Financial from a “hold” rating to a “sell” rating in a report on Monday, November 18th. Wedbush boosted their price target on Webster Financial from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Morgan Stanley decreased their price objective on Webster Financial from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.85.

Webster Financial Stock Performance

Shares of NYSE WBS opened at $61.76 on Monday. The company has a market cap of $10.59 billion, a P/E ratio of 14.00, a P/E/G ratio of 0.91 and a beta of 1.27. Webster Financial Co. has a 52-week low of $39.33 and a 52-week high of $61.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 0.86. The firm’s fifty day moving average is $51.40 and its two-hundred day moving average is $47.04.

Webster Financial (NYSE:WBS) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The firm had revenue of $647.62 million during the quarter, compared to analysts’ expectations of $677.72 million. Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. During the same quarter in the prior year, the firm posted $1.55 earnings per share. As a group, analysts anticipate that Webster Financial Co. will post 5.24 EPS for the current fiscal year.

Webster Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Friday, November 1st. Webster Financial’s dividend payout ratio (DPR) is presently 36.28%.

Insider Buying and Selling

In related news, CEO John R. Ciulla sold 8,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $59.33, for a total value of $474,640.00. Following the completion of the transaction, the chief executive officer now owns 218,924 shares of the company’s stock, valued at approximately $12,988,760.92. This trade represents a 3.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Albert Jen-Wen Wang sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $52.43, for a total value of $209,720.00. Following the sale, the chief accounting officer now directly owns 14,273 shares in the company, valued at $748,333.39. The trade was a 21.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,750 shares of company stock worth $2,074,367. Insiders own 0.88% of the company’s stock.

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.