Tompkins Financial Corp Sells 8,533 Shares of Webster Financial Co. (NYSE:WBS)

Tompkins Financial Corp reduced its holdings in shares of Webster Financial Co. (NYSE:WBS) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,975 shares of the financial services provider’s stock after selling 8,533 shares during the quarter. Tompkins Financial Corp owned about 0.06% of Webster Financial worth $5,797,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of Webster Financial during the third quarter worth $27,000. UMB Bank n.a. lifted its holdings in Webster Financial by 340.7% during the 3rd quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 460 shares in the last quarter. Brooklyn Investment Group purchased a new position in Webster Financial during the 3rd quarter valued at about $53,000. NBC Securities Inc. increased its position in shares of Webster Financial by 117.9% during the third quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider’s stock valued at $59,000 after buying an additional 686 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Webster Financial by 45.9% in the third quarter. First Horizon Advisors Inc. now owns 1,398 shares of the financial services provider’s stock worth $65,000 after buying an additional 440 shares in the last quarter. 85.58% of the stock is owned by institutional investors.

Webster Financial Stock Down 0.4 %

Shares of WBS opened at $57.91 on Friday. Webster Financial Co. has a 1 year low of $39.33 and a 1 year high of $63.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a 50 day simple moving average of $58.08 and a two-hundred day simple moving average of $50.90. The firm has a market cap of $9.93 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.99 and a beta of 1.30.

Webster Financial (NYSE:WBS) last announced its quarterly earnings data on Friday, January 17th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. The company had revenue of $661.00 million during the quarter, compared to analysts’ expectations of $687,532.71 billion. Webster Financial had a net margin of 18.80% and a return on equity of 11.03%. During the same quarter in the prior year, the company earned $1.46 EPS. On average, analysts forecast that Webster Financial Co. will post 5.24 earnings per share for the current fiscal year.

Webster Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were paid a dividend of $0.40 per share. The ex-dividend date was Friday, November 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.76%. Webster Financial’s dividend payout ratio (DPR) is currently 36.28%.

Analysts Set New Price Targets

Several brokerages recently commented on WBS. UBS Group assumed coverage on shares of Webster Financial in a research note on Tuesday, December 17th. They set a “buy” rating and a $76.00 price objective for the company. Wells Fargo & Company raised shares of Webster Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $70.00 to $75.00 in a report on Monday, January 6th. Morgan Stanley dropped their price objective on Webster Financial from $57.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. StockNews.com upgraded Webster Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 11th. Finally, Wedbush lifted their price target on Webster Financial from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Webster Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.58.

Insider Transactions at Webster Financial

In other Webster Financial news, CAO Albert Jen-Wen Wang sold 4,000 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $52.43, for a total transaction of $209,720.00. Following the completion of the sale, the chief accounting officer now owns 14,273 shares of the company’s stock, valued at $748,333.39. This represents a 21.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel Bley sold 3,463 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $52.10, for a total transaction of $180,422.30. Following the completion of the transaction, the insider now owns 19,529 shares in the company, valued at $1,017,460.90. The trade was a 15.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,250 shares of company stock worth $2,105,322. Company insiders own 0.88% of the company’s stock.

About Webster Financial

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.