HB Wealth Management LLC Invests $316,000 in Webster Financial Co. (NYSE:WBS)

HB Wealth Management LLC acquired a new stake in shares of Webster Financial Co. (NYSE:WBS) during the fourth quarter, HoldingsChannel reports. The fund acquired 5,718 shares of the financial services provider’s stock, valued at approximately $316,000.

Several other large investors have also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in Webster Financial during the 3rd quarter valued at about $27,000. UMB Bank n.a. grew 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 buying an additional 460 shares during the period. Brooklyn Investment Group purchased a new position in Webster Financial during the third quarter worth approximately $53,000. NBC Securities Inc. lifted its holdings in Webster Financial by 117.9% during the third 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 in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Webster Financial by 45.9% during the third quarter. First Horizon Advisors Inc. now owns 1,398 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 440 shares in the last quarter. 85.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 transaction, the insider now owns 22,657 shares of the company’s stock, valued at $1,300,738.37. The trade was a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel Bley sold 500 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $61.91, for a total transaction of $30,955.00. Following the sale, the insider now owns 17,279 shares of the company’s stock, valued at approximately $1,069,742.89. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,287 shares of company stock worth $1,485,050 over the last 90 days. Corporate insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

WBS has been the subject of several research analyst reports. UBS Group started coverage on shares of Webster Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $76.00 price target for the company. Wells Fargo & Company raised Webster Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $70.00 to $75.00 in a report on Monday, January 6th. StockNews.com raised Webster Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 11th. Royal Bank of Canada increased their price objective on Webster Financial from $66.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Stephens set a $58.00 target price on shares of Webster Financial in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Webster Financial presently has an average rating of “Moderate Buy” and a consensus target price of $62.08.

Webster Financial Price Performance

Webster Financial stock opened at $58.55 on Friday. Webster Financial Co. has a 12-month low of $39.33 and a 12-month high of $63.99. The stock has a market cap of $10.04 billion, a P/E ratio of 13.40, a PEG ratio of 1.08 and a beta of 1.30. The company has a 50-day moving average price of $58.08 and a 200 day moving average price of $51.44. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34.

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, beating the consensus estimate of $1.35 by $0.08. The firm had revenue of $661.00 million during the quarter, compared to the consensus estimate of $687,532.71 billion. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. During the same quarter last year, the firm earned $1.46 EPS. Sell-side analysts anticipate that Webster Financial Co. will post 5.79 earnings per share for the current year.

About Webster Financial

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.