Webster Financial Co. (NYSE:WBS) Shares Sold by BCGM Wealth Management LLC

BCGM Wealth Management LLC decreased its stake in Webster Financial Co. (NYSE:WBS) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,761 shares of the financial services provider’s stock after selling 1,332 shares during the quarter. BCGM Wealth Management LLC’s holdings in Webster Financial were worth $815,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Webster Financial in the fourth quarter valued at about $43,000. UMB Bank n.a. grew its position in shares of Webster Financial by 88.1% in the fourth quarter. UMB Bank n.a. now owns 1,119 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 524 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Webster Financial in the third quarter valued at about $53,000. First Horizon Advisors Inc. grew its position 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 valued at $65,000 after purchasing an additional 440 shares during the period. Finally, Covestor Ltd grew its position in shares of Webster Financial by 17.0% in the third quarter. Covestor Ltd now owns 1,895 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 276 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Royal Bank of Canada lifted their target price on shares of Webster Financial from $66.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Wells Fargo & Company upgraded shares of Webster Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $75.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on shares of Webster Financial from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Barclays boosted their price target on shares of Webster Financial from $63.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded shares of Webster Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 11th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

Webster Financial Price Performance

Webster Financial stock opened at $55.76 on Monday. The company’s 50 day simple moving average is $57.58 and its 200-day simple moving average is $53.39. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29. 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 0.34, a quick ratio of 0.84 and a current ratio of 0.84.

Webster Financial (NYSE:WBS) last announced its quarterly earnings data on Friday, January 17th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. The firm had revenue of $661.00 million during the quarter, compared to analysts’ expectations of $687.53 million. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. During the same quarter in the previous year, the business posted $1.46 earnings per share. As a group, equities research analysts expect that Webster Financial Co. will post 5.88 earnings per share for the current year.

Webster Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Monday, February 10th. Webster Financial’s payout ratio is 36.61%.

Insider Activity

In other news, CEO John R. Ciulla sold 8,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $57.43, for a total value of $459,440.00. Following the completion of the transaction, the chief executive officer now owns 210,051 shares in the company, valued at approximately $12,063,228.93. This represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel Bley sold 500 shares of the company’s stock in a transaction on Friday, November 29th. The shares were 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 owns 17,279 shares of the company’s stock, valued at approximately $1,069,742.89. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,717 shares of company stock worth $1,271,123. Corporate insiders own 0.88% of the company’s stock.

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.