Webster Financial Corporation $WBS Shares Sold by UBS Group AG

UBS Group AG lowered its holdings in Webster Financial Corporation (NYSE:WBS) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 605,579 shares of the financial services provider’s stock after selling 129,893 shares during the period. UBS Group AG’s holdings in Webster Financial were worth $38,115,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BOKF NA purchased a new stake in Webster Financial in the 3rd quarter valued at about $26,000. Flagship Harbor Advisors LLC purchased a new position in shares of Webster Financial during the 4th quarter worth about $28,000. Root Financial Partners LLC purchased a new position in shares of Webster Financial during the 3rd quarter worth about $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Webster Financial in the third quarter worth approximately $29,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Webster Financial in the third quarter valued at approximately $33,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Truist Financial downgraded shares of Webster Financial from a “buy” rating to a “hold” rating and set a $74.00 price target on the stock. in a research note on Wednesday, February 4th. Santander cut Webster Financial from a “neutral” rating to an “underweight” rating in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods reduced their price objective on Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Stephens reiterated an “equal weight” rating and set a $73.00 target price on shares of Webster Financial in a report on Wednesday, February 4th. Finally, UBS Group began coverage on shares of Webster Financial in a report on Tuesday, April 7th. They issued a “neutral” rating and a $69.00 price target on the stock. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $73.96.

Webster Financial Stock Performance

Webster Financial stock opened at $72.66 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.87. The firm’s fifty day moving average price is $70.54 and its 200 day moving average price is $65.76. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 11.89 and a beta of 1.02. Webster Financial Corporation has a 12-month low of $48.97 and a 12-month high of $74.00.

Webster Financial (NYSE:WBS) last announced its earnings results on Tuesday, April 28th. The financial services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.04. Webster Financial had a return on equity of 11.31% and a net margin of 22.95%.The company had revenue of $764.05 million during the quarter, compared to the consensus estimate of $735.26 million. During the same period last year, the firm earned $1.30 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. On average, research analysts forecast that Webster Financial Corporation will post 6.59 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Monday, May 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. Webster Financial’s dividend payout ratio (DPR) is presently 26.19%.

About Webster Financial

Webster Financial Corporation is a bank holding company headquartered in Waterbury, Connecticut. Through its principal subsidiary, Webster Bank, N.A., the company offers a broad range of banking products and financial services to individuals, small businesses, and middle-market commercial clients. Key offerings include deposit accounts, residential and commercial real estate lending, equipment finance, treasury management, and payment processing solutions.

In addition to traditional banking services, Webster Financial provides wealth management and insurance products designed to help clients plan for retirement, preserve assets, and manage risk.