Webster Financial Co. (NYSE:WBS) Stock Holdings Reduced by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. trimmed its holdings in shares of Webster Financial Co. (NYSE:WBS) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 515,788 shares of the financial services provider’s stock after selling 37,600 shares during the quarter. Webster Financial makes up approximately 5.0% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 3rd biggest holding. Stieven Capital Advisors L.P. owned about 0.30% of Webster Financial worth $22,483,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Webster Financial in the 4th quarter valued at $97,217,000. Azora Capital LP grew its holdings in Webster Financial by 146.3% during the fourth quarter. Azora Capital LP now owns 1,477,198 shares of the financial services provider’s stock worth $74,983,000 after acquiring an additional 877,540 shares during the period. Dimensional Fund Advisors LP raised its position in Webster Financial by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,916,013 shares of the financial services provider’s stock valued at $198,785,000 after acquiring an additional 430,331 shares in the last quarter. Sei Investments Co. lifted its holdings in Webster Financial by 39.5% in the fourth quarter. Sei Investments Co. now owns 1,477,642 shares of the financial services provider’s stock valued at $75,006,000 after acquiring an additional 418,716 shares during the period. Finally, Groupama Asset Managment acquired a new stake in shares of Webster Financial during the 4th quarter worth approximately $20,471,000. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WBS shares. Barclays dropped their price target on shares of Webster Financial from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, June 24th. JPMorgan Chase & Co. reduced their price target on Webster Financial from $63.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, June 27th. Royal Bank of Canada decreased their target price on Webster Financial from $54.00 to $51.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods cut their price target on shares of Webster Financial from $58.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, July 9th. Finally, Jefferies Financial Group dropped their target price on shares of Webster Financial from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Webster Financial currently has a consensus rating of “Moderate Buy” and an average price target of $55.36.

Insider Buying and Selling

In other Webster Financial news, CEO John R. Ciulla sold 8,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $48.04, for a total value of $384,320.00. Following the completion of the transaction, the chief executive officer now owns 237,049 shares in the company, valued at $11,387,833.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Webster Financial news, insider Charles L. Wilkins sold 5,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $49.07, for a total value of $245,350.00. Following the completion of the transaction, the insider now owns 45,157 shares in the company, valued at $2,215,853.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John R. Ciulla sold 8,000 shares of Webster Financial stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $48.04, for a total value of $384,320.00. Following the sale, the chief executive officer now owns 237,049 shares in the company, valued at approximately $11,387,833.96. The disclosure for this sale can be found here. Insiders have sold a total of 14,650 shares of company stock valued at $706,098 in the last ninety days. Company insiders own 0.88% of the company’s stock.

Webster Financial Trading Up 0.3 %

Shares of NYSE WBS traded up $0.16 during trading on Friday, hitting $47.43. 841,981 shares of the company were exchanged, compared to its average volume of 981,974. The company has a fifty day moving average price of $45.52 and a 200-day moving average price of $45.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $8.13 billion, a PE ratio of 9.72, a P/E/G ratio of 0.71 and a beta of 1.30. Webster Financial Co. has a 12-month low of $36.36 and a 12-month high of $53.39.

Webster Financial (NYSE:WBS) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.08). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $671.91 million. Webster Financial had a net margin of 19.81% and a return on equity of 11.81%. During the same period in the previous year, the company earned $1.50 EPS. As a group, equities research analysts expect that Webster Financial Co. will post 5.27 EPS for the current year.

Webster Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Monday, July 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Monday, July 29th. Webster Financial’s dividend payout ratio (DPR) is currently 32.79%.

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.