KBC Group NV Has $4.35 Million Stock Holdings in Webster Financial Co. (NYSE:WBS)

KBC Group NV increased its position in Webster Financial Co. (NYSE:WBSFree Report) by 222.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,822 shares of the financial services provider’s stock after purchasing an additional 54,354 shares during the quarter. KBC Group NV’s holdings in Webster Financial were worth $4,353,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

WBS has been the subject of several research analyst reports. Barclays lifted their target price on shares of Webster Financial from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Wedbush upped their target price on Webster Financial from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. StockNews.com raised Webster Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 11th. JPMorgan Chase & Co. lowered their price objective on Webster Financial from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Stephens set a $58.00 target price on shares of Webster Financial in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $62.08.

Check Out Our Latest Analysis on WBS

Webster Financial Price Performance

WBS stock opened at $60.19 on Friday. The company has a market capitalization of $10.32 billion, a P/E ratio of 13.77, a PEG ratio of 1.06 and a beta of 1.30. The company has a fifty day moving average price of $58.02 and a 200-day moving average price of $51.95. 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 Co. has a 52-week low of $39.33 and a 52-week high of $63.99.

Webster Financial (NYSE:WBSGet Free Report) last announced its earnings results on Friday, January 17th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.08. Webster Financial had a return on equity of 10.82% and a net margin of 18.39%. The business had revenue of $661.00 million during the quarter, compared to analyst estimates of $687.53 million. During the same period last year, the company earned $1.46 EPS. As a group, equities analysts expect that Webster Financial Co. will post 5.83 EPS for the current year.

Webster Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.66%. The ex-dividend date is Monday, February 10th. Webster Financial’s payout ratio is presently 36.61%.

Insider Buying and Selling at Webster Financial

In other news, 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 value of $30,955.00. Following the sale, the insider now directly owns 17,279 shares of the company’s stock, valued at approximately $1,069,742.89. This represents a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Javier L. Evans sold 10,137 shares of Webster Financial stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $57.41, for a total transaction of $581,965.17. Following the transaction, the insider now directly owns 22,657 shares of the company’s stock, valued at $1,300,738.37. This represents a 30.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,287 shares of company stock valued at $1,485,050. 0.88% of the stock is currently owned by company insiders.

Webster Financial Company Profile

(Free Report)

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.

Further Reading

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

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