Commonwealth Equity Services Inc reduced its stake in shares of Webster Financial Corporation (NYSE:WBS) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,272 shares of the financial services provider’s stock after selling 1,149 shares during the period. Commonwealth Equity Services Inc’s holdings in Webster Financial were worth $1,222,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WBS. Seven Eight Capital LP bought a new position in Webster Financial during the 2nd quarter worth $141,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Webster Financial by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 274 shares during the last quarter. Advisor Group Inc. raised its position in Webster Financial by 13.3% during the 2nd quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 474 shares during the last quarter. BB&T Securities LLC bought a new position in Webster Financial during the 2nd quarter worth $212,000. Finally, Flinton Capital Management LLC raised its position in Webster Financial by 42.1% during the 2nd quarter. Flinton Capital Management LLC now owns 4,480 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 1,328 shares during the last quarter. 93.69% of the stock is owned by institutional investors and hedge funds.

Webster Financial Corporation (WBS) traded down $0.57 during mid-day trading on Monday, hitting $53.03. The stock had a trading volume of 80,900 shares, compared to its average volume of 698,481. Webster Financial Corporation has a 1 year low of $44.04 and a 1 year high of $57.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $4,882.74, a price-to-earnings ratio of 20.96, a PEG ratio of 2.55 and a beta of 1.23.

Webster Financial (NYSE:WBS) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. Webster Financial had a return on equity of 9.89% and a net margin of 21.09%. The firm had revenue of $266.75 million during the quarter, compared to analyst estimates of $269.03 million. During the same period last year, the company posted $0.54 EPS. equities analysts forecast that Webster Financial Corporation will post 2.6 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Monday, November 6th. Webster Financial’s dividend payout ratio (DPR) is presently 41.11%.

Several research analysts recently issued reports on the company. ValuEngine lowered Webster Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub lowered Webster Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research raised Webster Financial from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Thursday, August 3rd. Deutsche Bank AG raised their target price on Webster Financial from $51.00 to $53.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Finally, Wells Fargo & Company raised their target price on Webster Financial from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Webster Financial presently has a consensus rating of “Hold” and an average price target of $55.22.

In other news, Chairman James Copenhaver Smith sold 8,943 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $55.93, for a total value of $500,181.99. Following the completion of the sale, the chairman now directly owns 316,103 shares in the company, valued at approximately $17,679,640.79. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Daniel Bley sold 1,486 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $54.74, for a total value of $81,343.64. Following the completion of the sale, the executive vice president now owns 25,547 shares of the company’s stock, valued at $1,398,442.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,107 shares of company stock valued at $1,988,452. Corporate insiders own 2.20% of the company’s stock.

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About Webster Financial

Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.

Institutional Ownership by Quarter for Webster Financial (NYSE:WBS)

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