Webster Financial Corporation $WBS Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in shares of Webster Financial Corporation (NYSE:WBS) by 4.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 196,937 shares of the financial services provider’s stock after selling 9,842 shares during the quarter. Leeward Investments LLC MA’s holdings in Webster Financial were worth $12,395,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in shares of Webster Financial by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 7,812,965 shares of the financial services provider’s stock worth $464,402,000 after buying an additional 189,399 shares in the last quarter. Invesco Ltd. grew its position in shares of Webster Financial by 1.2% during the third quarter. Invesco Ltd. now owns 5,359,474 shares of the financial services provider’s stock worth $318,567,000 after buying an additional 63,403 shares in the last quarter. Capital International Investors grew its position in shares of Webster Financial by 2.2% during the third quarter. Capital International Investors now owns 4,160,605 shares of the financial services provider’s stock worth $247,340,000 after buying an additional 89,723 shares in the last quarter. Earnest Partners LLC grew its position in shares of Webster Financial by 0.6% during the third quarter. Earnest Partners LLC now owns 3,163,124 shares of the financial services provider’s stock worth $188,016,000 after buying an additional 18,860 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Webster Financial by 65.2% during the third quarter. Bank of Montreal Can now owns 2,070,013 shares of the financial services provider’s stock worth $123,042,000 after buying an additional 817,218 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Webster Financial Stock Performance

Webster Financial stock opened at $71.63 on Friday. The company has a market cap of $11.61 billion, a PE ratio of 11.72 and a beta of 1.02. The company has a fifty day moving average price of $70.56 and a two-hundred day moving average price of $66.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.87. Webster Financial Corporation has a 12 month low of $49.81 and a 12 month high of $74.00.

Webster Financial (NYSE:WBS) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The firm had revenue of $764.05 million during the quarter, compared to the consensus estimate of $735.26 million. Webster Financial had a net margin of 22.95% and a return on equity of 11.31%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 earnings per share. Research analysts expect that Webster Financial Corporation will post 6.59 earnings per share for the current year.

Webster Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Monday, May 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, May 11th. Webster Financial’s payout ratio is currently 26.19%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Webster Financial from $79.00 to $77.50 and set an “outperform” rating for the company in a research report on Friday, May 1st. Wells Fargo & Company raised shares of Webster Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Royal Bank Of Canada downgraded shares of Webster Financial from a “moderate buy” rating to a “hold” rating and set a $75.00 price target for the company. in a research report on Wednesday, February 4th. Raymond James Financial downgraded shares of Webster Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, UBS Group assumed coverage on shares of Webster Financial in a research report on Tuesday, April 7th. They set a “neutral” rating and a $69.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.96.

Webster Financial Profile

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.