Paloma Partners Management Co lifted its stake in shares of Webster Financial Co. (NYSE:WBS) by 298.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,523 shares of the financial services provider’s stock after purchasing an additional 32,602 shares during the quarter. Paloma Partners Management Co’s holdings in Webster Financial were worth $2,444,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in Webster Financial by 0.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 357,951 shares of the financial services provider’s stock valued at $18,811,000 after acquiring an additional 1,019 shares in the last quarter. Amalgamated Bank lifted its position in Webster Financial by 5.9% in the 4th quarter. Amalgamated Bank now owns 18,500 shares of the financial services provider’s stock valued at $1,039,000 after acquiring an additional 1,029 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Webster Financial by 39.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,788 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 1,353 shares in the last quarter. Chartwell Investment Partners LLC lifted its position in Webster Financial by 4.3% in the 3rd quarter. Chartwell Investment Partners LLC now owns 35,296 shares of the financial services provider’s stock valued at $1,854,000 after acquiring an additional 1,469 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Webster Financial by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 391,952 shares of the financial services provider’s stock valued at $20,597,000 after acquiring an additional 1,914 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

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Shares of Webster Financial Co. (NYSE:WBS) opened at $57.84 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.82 and a current ratio of 0.82. Webster Financial Co. has a one year low of $44.04 and a one year high of $60.32. The stock has a market cap of $5,321.25, a P/E ratio of 21.74, a PEG ratio of 2.14 and a beta of 1.14.

Webster Financial (NYSE:WBS) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.06. Webster Financial had a net margin of 21.77% and a return on equity of 9.91%. The company had revenue of $270.97 million during the quarter, compared to analyst estimates of $269.64 million. During the same quarter last year, the business posted $0.60 EPS. Webster Financial’s quarterly revenue was up 5.9% compared to the same quarter last year. research analysts expect that Webster Financial Co. will post 3.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were paid a $0.26 dividend. The ex-dividend date was Monday, February 12th. This represents a $1.04 dividend on an annualized basis and a yield of 1.80%. Webster Financial’s dividend payout ratio is 39.10%.

In related news, EVP Daniel Bley sold 2,917 shares of Webster Financial stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $58.27, for a total value of $169,973.59. Following the completion of the transaction, the executive vice president now directly owns 19,804 shares in the company, valued at approximately $1,153,979.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joel S. Becker sold 5,064 shares of Webster Financial stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $54.22, for a total transaction of $274,570.08. Following the completion of the transaction, the director now owns 58,283 shares of the company’s stock, valued at $3,160,104.26. The disclosure for this sale can be found here. Insiders sold a total of 11,272 shares of company stock valued at $629,959 over the last quarter. 2.20% of the stock is owned by company insiders.

WBS has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Webster Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Piper Jaffray Companies raised shares of Webster Financial from an “underweight” rating to a “neutral” rating and set a $55.00 target price on the stock in a research report on Friday, January 5th. ValuEngine cut shares of Webster Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Wells Fargo & Co reissued a “market perform” rating and set a $60.00 target price (up previously from $55.00) on shares of Webster Financial in a research report on Tuesday, January 9th. Finally, Barclays lifted their target price on shares of Webster Financial from $55.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $59.82.

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About Webster Financial

Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.

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

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