Yousif Capital Management LLC Reduces Stock Position in Webster Financial Co. (NYSE:WBS)

Yousif Capital Management LLC lowered its stake in Webster Financial Co. (NYSE:WBS) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,127 shares of the financial services provider’s stock after selling 642 shares during the quarter. Yousif Capital Management LLC’s holdings in Webster Financial were worth $4,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale raised its position in Webster Financial by 1.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 19,924 shares of the financial services provider’s stock worth $785,000 after acquiring an additional 263 shares during the period. Mariner LLC raised its position in Webster Financial by 2.4% in the third quarter. Mariner LLC now owns 13,812 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 320 shares during the period. Teacher Retirement System of Texas raised its position in Webster Financial by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 13,537 shares of the financial services provider’s stock worth $546,000 after acquiring an additional 332 shares during the period. Treasurer of the State of North Carolina raised its position in Webster Financial by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 76,239 shares of the financial services provider’s stock worth $3,073,000 after acquiring an additional 390 shares during the period. Finally, John G Ullman & Associates Inc. raised its position in Webster Financial by 1.3% in the fourth quarter. John G Ullman & Associates Inc. now owns 31,850 shares of the financial services provider’s stock worth $1,617,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Insiders Place Their Bets

In other Webster Financial news, COO Luis Massiani sold 13,500 shares of Webster Financial stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $51.63, for a total value of $697,005.00. Following the completion of the transaction, the chief operating officer now directly owns 89,621 shares of the company’s stock, valued at approximately $4,627,132.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Daniel Bley sold 2,000 shares of Webster Financial stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $47.60, for a total transaction of $95,200.00. Following the completion of the transaction, the insider now directly owns 27,955 shares of the company’s stock, valued at approximately $1,330,658. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Luis Massiani sold 13,500 shares of Webster Financial stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $51.63, for a total transaction of $697,005.00. Following the transaction, the chief operating officer now directly owns 89,621 shares of the company’s stock, valued at $4,627,132.23. The disclosure for this sale can be found here. Insiders sold 25,975 shares of company stock valued at $1,341,095 in the last three months. Corporate insiders own 0.88% of the company’s stock.

Webster Financial Stock Performance

Shares of NYSE WBS opened at $45.02 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market cap of $7.73 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.38 and a beta of 1.33. The firm’s fifty day moving average is $47.88 and its two-hundred day moving average is $46.48. Webster Financial Co. has a 52-week low of $31.03 and a 52-week high of $53.39.

Webster Financial (NYSE:WBS) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). Webster Financial had a return on equity of 12.55% and a net margin of 21.09%. The business had revenue of $667.10 million during the quarter, compared to analysts’ expectations of $680.72 million. During the same period in the previous year, the business earned $1.49 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, analysts anticipate that Webster Financial Co. will post 5.68 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 6th will be paid a $0.40 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.55%. Webster Financial’s payout ratio is currently 32.79%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Webster Financial from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday. Bank of America began coverage on shares of Webster Financial in a research report on Thursday, January 11th. They set a “buy” rating and a $60.00 price objective on the stock. Barclays decreased their price objective on shares of Webster Financial from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods decreased their price objective on shares of Webster Financial from $64.00 to $58.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, StockNews.com upgraded shares of Webster Financial from a “sell” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $56.23.

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.