UMB Bank n.a. Purchases 524 Shares of Webster Financial Co. (NYSE:WBS)

UMB Bank n.a. lifted its holdings in Webster Financial Co. (NYSE:WBS) by 88.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,119 shares of the financial services provider’s stock after acquiring an additional 524 shares during the period. UMB Bank n.a.’s holdings in Webster Financial were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Webster Financial in the third quarter worth approximately $27,000. Brooklyn Investment Group bought a new stake in shares of Webster Financial in the 3rd quarter valued at $53,000. NBC Securities Inc. lifted its position 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 acquiring an additional 686 shares during the period. First Horizon Advisors Inc. boosted its stake 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 worth $65,000 after acquiring an additional 440 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Webster Financial in the second quarter worth $69,000. 85.58% of the stock is owned by institutional investors and hedge funds.

Webster Financial Stock Performance

NYSE WBS opened at $58.90 on Friday. The company has a fifty day moving average price of $58.06 and a 200-day moving average price of $51.55. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.06 and a beta of 1.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.84 and a quick ratio of 0.84. Webster Financial Co. has a 1 year low of $39.33 and a 1 year high of $63.99.

Webster Financial (NYSE:WBS) last posted its quarterly earnings data on Friday, January 17th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.35 by $0.08. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. The firm had revenue of $661.00 million during the quarter, compared to analyst estimates of $687,532.71 billion. During the same quarter last year, the business posted $1.46 EPS. As a group, equities research analysts predict that Webster Financial Co. will post 5.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WBS has been the topic of several research reports. Stephens set a $58.00 price objective on shares of Webster Financial in a report on Thursday, October 17th. Barclays increased their price target on Webster Financial from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Wedbush boosted their price objective on Webster Financial from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, October 18th. StockNews.com upgraded Webster Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 11th. Finally, UBS Group started coverage on shares of Webster Financial in a research report on Tuesday, December 17th. They issued a “buy” rating and a $76.00 price target for the company. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.08.

Insider Buying and Selling

In other news, insider Charles L. Wilkins sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $59.50, for a total transaction of $297,500.00. Following the completion of the sale, the insider now directly owns 33,657 shares of the company’s stock, valued at $2,002,591.50. This trade represents a 12.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel Bley sold 500 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $61.91, for a total transaction of $30,955.00. Following the completion of the transaction, the insider now directly owns 17,279 shares in the company, valued at $1,069,742.89. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,287 shares of company stock worth $1,485,050. 0.88% of the stock is owned by company insiders.

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.