Webster Financial Co. (NYSE:WBS) Shares Sold by BCGM Wealth Management LLC

BCGM Wealth Management LLC decreased its stake in Webster Financial Co. (NYSE:WBS) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,761 shares of the financial services provider’s stock after selling 1,332 shares during the period. BCGM Wealth Management LLC’s holdings in Webster Financial were worth $815,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Creative Planning increased its holdings in Webster Financial by 7.6% during the 3rd quarter. Creative Planning now owns 39,943 shares of the financial services provider’s stock valued at $1,862,000 after acquiring an additional 2,815 shares in the last quarter. PFG Investments LLC purchased a new position in Webster Financial during the 3rd quarter valued at about $205,000. State of Alaska Department of Revenue increased its holdings in Webster Financial by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 20,014 shares of the financial services provider’s stock valued at $932,000 after acquiring an additional 1,350 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in Webster Financial by 19.2% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 512,196 shares of the financial services provider’s stock valued at $23,873,000 after acquiring an additional 82,430 shares in the last quarter. Finally, Hartford Financial Management Inc. grew its holdings in shares of Webster Financial by 38.8% during the third quarter. Hartford Financial Management Inc. now owns 2,231 shares of the financial services provider’s stock worth $104,000 after buying an additional 624 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Insider Buying and Selling at Webster Financial

In other news, insider Daniel Bley sold 500 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $61.91, for a total transaction of $30,955.00. Following the transaction, the insider now directly owns 17,279 shares of the company’s stock, valued at approximately $1,069,742.89. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laurence C. Morse sold 13,217 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $59.07, for a total transaction of $780,728.19. Following the transaction, the director now directly owns 18,808 shares in the company, valued at approximately $1,110,988.56. The trade was a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,717 shares of company stock valued at $1,271,123 over the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Webster Financial Price Performance

Webster Financial stock opened at $55.76 on Monday. Webster Financial Co. has a 1 year low of $39.33 and a 1 year high of $63.99. The firm has a 50 day moving average price of $57.58 and a 200 day moving average price of $53.39. The company has a market cap of $9.56 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.02 and a beta of 1.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 0.84.

Webster Financial (NYSE:WBS) last released its earnings results on Friday, January 17th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. The firm had revenue of $661.00 million during the quarter, compared to the consensus estimate of $687.53 million. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. During the same period in the previous year, the firm earned $1.46 earnings per share. Sell-side analysts predict that Webster Financial Co. will post 5.88 earnings per share for the current year.

Webster Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.87%. Webster Financial’s dividend payout ratio (DPR) is 36.61%.

Wall Street Analysts Forecast Growth

WBS has been the subject of a number of recent research reports. UBS Group initiated coverage on shares of Webster Financial in a report on Tuesday, December 17th. They set a “buy” rating and a $76.00 price target for the company. Barclays lifted their price target on shares of Webster Financial from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. lowered their price target on shares of Webster Financial from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada lifted their price target on shares of Webster Financial from $66.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company upgraded shares of Webster Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $70.00 to $75.00 in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.08.

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.