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

Leeward Investments LLC MA decreased its position in Webster Financial Corporation (NYSE:WBS) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,342 shares of the financial services provider’s stock after selling 6,595 shares during the period. Leeward Investments LLC MA’s holdings in Webster Financial were worth $13,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WBS. BOKF NA acquired a new position in Webster Financial in the third quarter valued at approximately $26,000. Flagship Harbor Advisors LLC acquired a new stake in Webster Financial during the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in Webster Financial in the third quarter valued at $29,000. Atlas Capital Advisors Inc. purchased a new stake in Webster Financial in the fourth quarter valued at $31,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Webster Financial in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Webster Financial Stock Performance

NYSE WBS opened at $75.90 on Wednesday. The company has a market cap of $12.30 billion, a P/E ratio of 12.42 and a beta of 1.00. 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 stock has a 50-day moving average of $72.79 and a two-hundred day moving average of $69.40. Webster Financial Corporation has a 1-year low of $52.69 and a 1-year high of $76.13.

Webster Financial (NYSE:WBS) last issued its quarterly 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 net margin of 22.95% and a return on equity of 11.31%. The company had revenue of $764.05 million for the quarter, compared to analyst estimates of $735.26 million. During the same period in the prior year, the firm earned $1.30 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that Webster Financial Corporation will post 6.59 EPS for the current year.

Webster Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, May 11th. Webster Financial’s dividend payout ratio is presently 26.19%.

Analysts Set New Price Targets

WBS has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded Webster Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Keefe, Bruyette & Woods lowered their target price on shares of Webster Financial from $79.00 to $77.50 and set an “outperform” rating for the company in a research note on Friday, May 1st. UBS Group started 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. Weiss Ratings reissued a “buy (b)” rating on shares of Webster Financial in a research note on Friday, June 12th. Finally, Santander cut shares of Webster Financial from a “neutral” rating to an “underweight” rating in a research report on Tuesday, March 3rd. 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 company’s stock. According to MarketBeat.com, Webster Financial currently has a consensus rating of “Hold” and an average target price of $73.96.

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.