Fort Washington Investment Advisors Inc. OH Has $19.91 Million Position in Webster Financial Co. (NYSE:WBS)

Fort Washington Investment Advisors Inc. OH boosted its stake in Webster Financial Co. (NYSE:WBS) by 20.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 360,614 shares of the financial services provider’s stock after purchasing an additional 60,820 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.21% of Webster Financial worth $19,913,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, insider Daniel Bley sold 500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 17,279 shares of the company’s stock, valued at approximately $1,069,742.89. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John R. Ciulla sold 8,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.33, for a total value of $474,640.00. Following the sale, the chief executive officer now owns 218,924 shares in the company, valued at approximately $12,988,760.92. This represents a 3.53 % 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. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WBS has been the topic of a number of recent research reports. Wells Fargo & Company raised shares of Webster Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $70.00 to $75.00 in a research note on Monday, January 6th. Stephens set a $58.00 price target on Webster Financial in a research note on Thursday, October 17th. JPMorgan Chase & Co. lowered their price objective on Webster Financial from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Barclays lifted their target price on Webster Financial from $63.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada raised their price objective on Webster Financial from $66.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.08.

Webster Financial Stock Performance

Shares of WBS stock opened at $59.37 on Thursday. Webster Financial Co. has a 52 week low of $39.33 and a 52 week high of $63.99. The firm’s 50-day simple moving average is $58.10 and its two-hundred day simple moving average is $51.39. The firm has a market cap of $10.18 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 1.09 and a beta of 1.30. 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 posted its quarterly earnings data on Friday, January 17th. The financial services provider reported $1.43 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $687,532.71 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. As a group, equities analysts forecast that Webster Financial Co. will post 5.72 earnings per share for the current year.

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.