Gator Capital Management LLC Has $3.82 Million Stock Holdings in Webster Financial Corporation $WBS

Gator Capital Management LLC lessened its position in Webster Financial Corporation (NYSE:WBS) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,655 shares of the financial services provider’s stock after selling 14,340 shares during the quarter. Gator Capital Management LLC’s holdings in Webster Financial were worth $3,818,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BOKF NA bought a new position in Webster Financial in the third quarter valued at approximately $26,000. Flagship Harbor Advisors LLC bought a new position in shares of Webster Financial during the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Webster Financial during the 3rd quarter worth approximately $29,000. Wilmington Savings Fund Society FSB bought a new position in shares of Webster Financial during the 3rd quarter worth approximately $33,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Webster Financial by 39.7% during the 4th quarter. Farther Finance Advisors LLC now owns 560 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Santander downgraded Webster Financial from a “neutral” rating to an “underweight” rating in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods reduced their target price on Webster Financial from $79.00 to $77.50 and set an “outperform” rating for the company in a research note on Friday, May 1st. Citigroup downgraded Webster Financial from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a report on Friday, February 13th. Wells Fargo & Company raised Webster Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, UBS Group started coverage on Webster Financial in a report on Tuesday, April 7th. They set a “neutral” rating and a $69.00 target price for the company. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $73.96.

Webster Financial Price Performance

Shares of WBS stock opened at $73.85 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. Webster Financial Corporation has a twelve month low of $50.66 and a twelve month high of $74.00. The company has a market cap of $11.97 billion, a P/E ratio of 12.09 and a beta of 1.00. The business has a fifty day simple moving average of $72.13 and a 200 day simple moving average of $68.58.

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

Webster Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. Webster Financial’s dividend payout ratio 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.