Tompkins Financial Corp Trims Position in Webster Financial Co. (NYSE:WBS)

Tompkins Financial Corp decreased its holdings in Webster Financial Co. (NYSE:WBS) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,975 shares of the financial services provider’s stock after selling 8,533 shares during the quarter. Tompkins Financial Corp’s holdings in Webster Financial were worth $5,797,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in WBS. V Square Quantitative Management LLC bought a new position in Webster Financial in the 3rd quarter worth $27,000. UMB Bank n.a. raised its stake in Webster Financial by 340.7% in the third quarter. UMB Bank n.a. now owns 595 shares of the financial services provider’s stock worth $28,000 after buying an additional 460 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Webster Financial in the third quarter worth about $53,000. NBC Securities Inc. lifted its holdings in Webster Financial by 117.9% in the third quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider’s stock worth $59,000 after buying an additional 686 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in Webster Financial by 45.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,398 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 440 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

Insider Buying and Selling

In other Webster Financial news, Director Mark Pettie sold 4,500 shares of Webster Financial stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $51.14, for a total value of $230,130.00. Following the completion of the sale, the director now owns 32,780 shares of the company’s stock, valued at approximately $1,676,369.20. The trade was a 12.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Javier L. Evans sold 10,137 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $57.41, for a total value of $581,965.17. Following the completion of the transaction, the insider now owns 22,657 shares in the company, valued at approximately $1,300,738.37. This trade represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,250 shares of company stock worth $2,105,322. 0.88% of the stock is owned by corporate insiders.

Webster Financial Trading Down 0.4 %

Shares of NYSE WBS opened at $57.91 on Friday. The firm’s 50 day moving average price is $58.08 and its 200-day moving average price is $50.90. Webster Financial Co. has a 52-week low of $39.33 and a 52-week high of $63.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $9.93 billion, a PE ratio of 13.13, a P/E/G ratio of 0.99 and a beta of 1.30.

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

Webster Financial Announces Dividend

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

Analyst Upgrades and Downgrades

WBS has been the subject of a number of research analyst reports. Barclays raised their target price on Webster Financial from $63.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. StockNews.com raised Webster Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 11th. JPMorgan Chase & Co. reduced their target price 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. Morgan Stanley decreased their price target on shares of 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. Finally, Wedbush upped their price objective on shares of Webster Financial from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $61.58.

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.