Arkadios Wealth Advisors Increases Stake in Webster Financial Co. (NYSE:WBS)

Arkadios Wealth Advisors raised its stake in shares of Webster Financial Co. (NYSE:WBS – Get Rating) by 21.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,524 shares of the financial services provider’s stock after buying an additional 6,991 shares during the quarter. Arkadios Wealth Advisors’ holdings in Webster Financial were worth $1,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Webster Financial by 15.2% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 96,932 shares of the financial services provider’s stock valued at $4,085,000 after buying an additional 12,798 shares in the last quarter. Credit Suisse AG grew its holdings in shares of Webster Financial by 1.1% in the third quarter. Credit Suisse AG now owns 223,171 shares of the financial services provider’s stock valued at $10,087,000 after purchasing an additional 2,464 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Webster Financial by 6.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 6,743,470 shares of the financial services provider’s stock valued at $284,237,000 after purchasing an additional 383,804 shares in the last quarter. Creative Planning grew its holdings in shares of Webster Financial by 14.6% in the third quarter. Creative Planning now owns 18,178 shares of the financial services provider’s stock valued at $822,000 after purchasing an additional 2,316 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Webster Financial by 4.1% in the second quarter. Toronto Dominion Bank now owns 40,077 shares of the financial services provider’s stock valued at $1,688,000 after purchasing an additional 1,569 shares in the last quarter. 85.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WBS shares. StockNews.com started coverage on shares of Webster Financial in a report on Thursday. They issued a “hold” rating for the company. Wells Fargo & Company raised their target price on shares of Webster Financial from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, January 27th. Wedbush lifted their price objective on shares of Webster Financial from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, January 27th. Morgan Stanley began coverage on shares of Webster Financial in a research note on Monday, December 5th. They set an “overweight” rating and a $70.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Webster Financial from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $59.78.

Webster Financial Stock Down 6.2 %

NYSE:WBS opened at $38.24 on Friday. Webster Financial Co. has a twelve month low of $36.60 and a twelve month high of $60.48. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 10.77 and a beta of 1.28. The stock has a fifty day simple moving average of $49.96 and a 200-day simple moving average of $49.35. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84.

Webster Financial (NYSE:WBS – Get Rating) last released its earnings results on Thursday, January 26th. The financial services provider reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.06). Webster Financial had a return on equity of 12.42% and a net margin of 23.64%. The business had revenue of $704.60 million for the quarter, compared to the consensus estimate of $708.52 million. During the same quarter last year, the business posted $1.31 earnings per share. The firm’s revenue for the quarter was up 122.3% compared to the same quarter last year. Analysts anticipate that Webster Financial Co. will post 6.79 EPS for the current year.

Webster Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 17th. Stockholders of record on Monday, February 6th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 4.18%. Webster Financial’s dividend payout ratio (DPR) is 45.07%.

About Webster Financial

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Webster Financial Corp. is a holding company, which engages in the provision of financial services to individuals, families, and businesses. It operates through the following business segments: Commercial Banking, HSA Bank, and Retail Banking. The Commercial Banking segment includes commercial banking and private banking.