33,307 Shares in Webster Financial Corporation $WBS Purchased by iSAM Funds UK Ltd

iSAM Funds UK Ltd purchased a new stake in Webster Financial Corporation (NYSE:WBS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 33,307 shares of the financial services provider’s stock, valued at approximately $1,819,000.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Webster Financial in the 2nd quarter valued at approximately $131,780,000. Dimensional Fund Advisors LP raised its position in Webster Financial by 7.4% during the first quarter. Dimensional Fund Advisors LP now owns 7,108,082 shares of the financial services provider’s stock worth $366,408,000 after acquiring an additional 487,264 shares in the last quarter. Nuveen LLC acquired a new stake in Webster Financial in the first quarter valued at $23,603,000. American Century Companies Inc. lifted its stake in 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 acquiring an additional 438,131 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Webster Financial by 229.9% in the 1st quarter. AQR Capital Management LLC now owns 487,804 shares of the financial services provider’s stock valued at $24,732,000 after acquiring an additional 339,950 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.

Wall Street Analyst Weigh In

WBS has been the topic of a number of research analyst reports. Cowen initiated coverage on shares of Webster Financial in a report on Wednesday, September 24th. They issued a “buy” rating on the stock. Morgan Stanley boosted their price target on Webster Financial from $64.00 to $77.00 and gave the stock an “underperform” rating in a research report on Monday, September 29th. Cantor Fitzgerald started coverage on Webster Financial in a research note on Wednesday, September 10th. They issued an “overweight” rating and a $70.00 price objective on the stock. Truist Financial dropped their price target on Webster Financial from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Monday, October 20th. Finally, TD Cowen started coverage on Webster Financial in a report on Thursday, September 25th. They set a “buy” rating and a $78.00 price target for the company. Fourteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.85.

Webster Financial Stock Up 0.1%

WBS stock opened at $62.58 on Tuesday. Webster Financial Corporation has a 52 week low of $39.43 and a 52 week high of $63.59. The business has a 50-day simple moving average of $57.88 and a 200 day simple moving average of $57.67. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $10.09 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 0.55 and a beta of 1.07.

Webster Financial (NYSE:WBS) last released its earnings results on Friday, October 17th. The financial services provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.52 by $0.02. The firm had revenue of $756.06 million for the quarter, compared to analyst estimates of $725.22 million. Webster Financial had a net margin of 21.32% and a return on equity of 11.07%. During the same period last year, the firm earned $1.34 EPS. Sell-side analysts anticipate that Webster Financial Corporation will post 5.88 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Monday, November 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, November 10th. Webster Financial’s payout ratio is currently 29.80%.

Insider Buying and Selling at Webster Financial

In other Webster Financial news, CAO Elzbieta Cieslik sold 2,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $61.58, for a total value of $123,160.00. Following the sale, the chief accounting officer owned 14,894 shares of the company’s stock, valued at approximately $917,172.52. This trade represents a 11.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John R. Ciulla sold 8,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $55.45, for a total value of $443,600.00. Following the transaction, the chief executive officer directly owned 231,872 shares of the company’s stock, valued at $12,857,302.40. This trade represents a 3.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,000 shares of company stock valued at $628,380 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Webster Financial Profile

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.