Webster Financial Co. (WBS) Shares Sold by Alps Advisors Inc.

Share on StockTwits

Alps Advisors Inc. lowered its holdings in Webster Financial Co. (NYSE:WBS) by 3.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,269 shares of the financial services provider’s stock after selling 266 shares during the quarter. Alps Advisors Inc.’s holdings in Webster Financial were worth $368,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. HAP Trading LLC acquired a new stake in shares of Webster Financial during the 4th quarter worth approximately $876,000. Thrivent Financial for Lutherans grew its holdings in shares of Webster Financial by 5.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 23,421 shares of the financial services provider’s stock worth $1,154,000 after purchasing an additional 1,207 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Webster Financial by 5.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 26,372 shares of the financial services provider’s stock worth $1,300,000 after purchasing an additional 1,404 shares in the last quarter. Roubaix Capital LLC acquired a new stake in shares of Webster Financial during the 1st quarter worth approximately $1,227,000. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of Webster Financial by 3.6% during the 4th quarter. Segall Bryant & Hamill LLC now owns 7,285 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 253 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Webster Financial stock opened at $49.07 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. The company has a market cap of $4.52 billion, a P/E ratio of 13.12, a P/E/G ratio of 1.47 and a beta of 1.18. Webster Financial Co. has a one year low of $45.38 and a one year high of $69.63.

Webster Financial (NYSE:WBS) last posted its earnings results on Thursday, April 18th. The financial services provider reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.05. The business had revenue of $310.20 million during the quarter, compared to the consensus estimate of $310.46 million. Webster Financial had a return on equity of 13.77% and a net margin of 27.57%. Webster Financial’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. On average, equities research analysts forecast that Webster Financial Co. will post 4.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Friday, May 3rd. This is an increase from Webster Financial’s previous quarterly dividend of $0.33. Webster Financial’s dividend payout ratio (DPR) is 42.78%.

In other Webster Financial news, Director John Joseph Crawford sold 600 shares of Webster Financial stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $53.60, for a total value of $32,160.00. Following the completion of the transaction, the director now owns 17,099 shares in the company, valued at approximately $916,506.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel Bley sold 4,000 shares of Webster Financial stock in a transaction on Friday, April 26th. The shares were sold at an average price of $52.39, for a total value of $209,560.00. Following the completion of the transaction, the executive vice president now owns 20,654 shares of the company’s stock, valued at approximately $1,082,063.06. The disclosure for this sale can be found here. Insiders have sold a total of 6,100 shares of company stock valued at $321,865 in the last 90 days. 1.53% of the stock is owned by corporate insiders.

Several brokerages have recently weighed in on WBS. ValuEngine lowered Webster Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Boenning Scattergood reissued a “hold” rating on shares of Webster Financial in a report on Monday, April 22nd. Barclays decreased their price objective on Webster Financial from $68.00 to $62.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Zacks Investment Research lowered Webster Financial from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Finally, Compass Point initiated coverage on Webster Financial in a research report on Tuesday, May 7th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.40.

ILLEGAL ACTIVITY WARNING: “Webster Financial Co. (WBS) Shares Sold by Alps Advisors Inc.” was reported by Ticker Report and is the property of of Ticker Report. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/4346981/webster-financial-co-wbs-shares-sold-by-alps-advisors-inc.html.

Webster Financial Company Profile

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Community Banking.

Read More: How to interpret a stock’s beta number

Want to see what other hedge funds are holding WBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Webster Financial Co. (NYSE:WBS).

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

Receive News & Ratings for Webster Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Webster Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

PVH  PT Lowered to $145.00
PVH PT Lowered to $145.00
PerkinElmer  Earns Peer Perform Rating from Analysts at Wolfe Research
PerkinElmer Earns Peer Perform Rating from Analysts at Wolfe Research
Illumina, Inc.  Shares Bought by Financial Counselors Inc.
Illumina, Inc. Shares Bought by Financial Counselors Inc.
Outlook Therapeutics  Shares Gap Down to $2.55
Outlook Therapeutics Shares Gap Down to $2.55
Bremer Bank National Association Takes $101,000 Position in ISHARES TR/CORE MSCI TOTAL INTL STK
Bremer Bank National Association Takes $101,000 Position in ISHARES TR/CORE MSCI TOTAL INTL STK
Citizens Financial Group Inc RI Boosts Stake in Raytheon
Citizens Financial Group Inc RI Boosts Stake in Raytheon


© 2006-2019 Ticker Report