Polaris Capital Management LLC raised its stake in shares of Webster Financial Co. (NYSE:WBS) by 7.4% during the fourth quarter, HoldingsChannel reports. The firm owned 697,011 shares of the financial services provider’s stock after purchasing an additional 48,270 shares during the quarter. Webster Financial makes up about 2.2% of Polaris Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Polaris Capital Management LLC’s holdings in Webster Financial were worth $47,501,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in shares of Webster Financial by 9.7% in the 3rd quarter. Rhumbline Advisers now owns 201,660 shares of the financial services provider’s stock valued at $10,597,000 after acquiring an additional 17,810 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Webster Financial by 38.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 491,173 shares of the financial services provider’s stock valued at $25,812,000 after acquiring an additional 137,635 shares during the last quarter. Wasatch Advisors Inc. boosted its holdings in shares of Webster Financial by 25.5% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,237,771 shares of the financial services provider’s stock valued at $64,636,000 after acquiring an additional 251,809 shares during the last quarter. BB&T Securities LLC boosted its holdings in shares of Webster Financial by 119.7% in the 3rd quarter. BB&T Securities LLC now owns 8,930 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 4,865 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Webster Financial by 5.7% in the 3rd quarter. Stifel Financial Corp now owns 76,972 shares of the financial services provider’s stock valued at $4,047,000 after acquiring an additional 4,171 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

In related news, Director Joel S. Becker sold 5,064 shares of the stock in a transaction 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 sale, the director now directly owns 58,283 shares of the company’s stock, valued at $3,160,104.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel Bley sold 2,917 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $58.27, for a total transaction of $169,973.59. Following the sale, the executive vice president now directly owns 19,804 shares in the company, valued at $1,153,979.08. The disclosure for this sale can be found here. Insiders have sold 11,272 shares of company stock worth $629,959 over the last three months. 2.20% of the stock is currently owned by insiders.

Several analysts have recently commented on WBS shares. Barclays set a $55.00 price objective on shares of Webster Financial and gave the company a “hold” rating in a report on Friday, October 20th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $60.00 price objective (up from $55.00) on shares of Webster Financial in a report on Tuesday, January 9th. Boenning Scattergood reaffirmed a “hold” rating on shares of Webster Financial in a report on Friday, October 20th. ValuEngine downgraded shares of Webster Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Webster Financial in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Webster Financial currently has a consensus rating of “Hold” and an average target price of $59.82.

Shares of Webster Financial Co. (WBS) opened at $53.39 on Friday. Webster Financial Co. has a twelve month low of $44.04 and a twelve month high of $60.32. The stock has a market cap of $4,917.27, a price-to-earnings ratio of 20.69, a P/E/G ratio of 1.98 and a beta of 1.15. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.74.

Webster Financial (NYSE:WBS) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $270.97 million for the quarter, compared to the consensus estimate of $269.64 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. analysts anticipate that Webster Financial Co. will post 3.37 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Monday, February 12th. Webster Financial’s dividend payout ratio (DPR) is presently 39.10%.

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Webster Financial Profile

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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