Quantbot Technologies LP Buys New Stake in Webster Financial Corporation $WBS

Quantbot Technologies LP acquired a new stake in shares of Webster Financial Corporation (NYSE:WBS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 143,008 shares of the financial services provider’s stock, valued at approximately $8,500,000. Quantbot Technologies LP owned about 0.09% of Webster Financial as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Invesco Ltd. grew its holdings in Webster Financial by 4.9% during the 2nd quarter. Invesco Ltd. now owns 5,296,071 shares of the financial services provider’s stock valued at $289,165,000 after buying an additional 246,774 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Webster Financial by 14.5% in the second quarter. American Century Companies Inc. now owns 3,453,778 shares of the financial services provider’s stock valued at $188,576,000 after purchasing an additional 438,131 shares in the last quarter. Norges Bank bought a new stake in Webster Financial in the second quarter worth $131,780,000. Azora Capital LP raised its stake in Webster Financial by 30.5% during the second quarter. Azora Capital LP now owns 1,886,385 shares of the financial services provider’s stock valued at $102,997,000 after purchasing an additional 440,347 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its position in Webster Financial by 2.5% during the third quarter. Pzena Investment Management LLC now owns 1,652,636 shares of the financial services provider’s stock valued at $98,233,000 after purchasing an additional 39,878 shares during the last quarter. 85.58% of the stock is owned by institutional investors.

Webster Financial Price Performance

Webster Financial stock opened at $72.00 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 12.18 and a beta of 1.07. The firm has a 50-day moving average of $67.51 and a two-hundred day moving average of $62.26. Webster Financial Corporation has a 1 year low of $39.43 and a 1 year high of $74.00.

Webster Financial (NYSE:WBS) last issued its earnings results on Friday, January 23rd. The financial services provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.07. The business had revenue of $760.48 million for the quarter, compared to analyst estimates of $731.95 million. Webster Financial had a net margin of 22.67% and a return on equity of 11.10%. During the same period last year, the company posted $1.43 earnings per share. On average, research analysts forecast that Webster Financial Corporation will post 5.88 earnings per share for the current year.

Webster Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Monday, February 9th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. Webster Financial’s payout ratio is 27.07%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Royal Bank Of Canada cut shares of Webster Financial from a “moderate buy” rating to a “hold” rating and set a $75.00 target price on the stock. in a research report on Wednesday, February 4th. UBS Group lowered Webster Financial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $77.00 to $75.00 in a report on Thursday, February 5th. Raymond James Financial lowered shares of Webster Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Webster Financial in a research note on Monday, December 29th. Finally, Stephens reaffirmed an “equal weight” rating and set a $73.00 price target on shares of Webster Financial in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Webster Financial currently has a consensus rating of “Hold” and an average target price of $74.36.

Webster Financial Company 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.