BTG Pactual Asset Management US LLC Purchases 30,286 Shares of Webster Financial Corporation $WBS

BTG Pactual Asset Management US LLC boosted its holdings in shares of Webster Financial Corporation (NYSE:WBS) by 43.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,286 shares of the financial services provider’s stock after acquiring an additional 30,286 shares during the period. BTG Pactual Asset Management US LLC owned approximately 0.06% of Webster Financial worth $7,664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of WBS. BOKF NA acquired a new stake in shares of Webster Financial during the third quarter worth about $26,000. New England Capital Financial Advisors LLC lifted its stake in Webster Financial by 246.8% in the first quarter. New England Capital Financial Advisors LLC now owns 437 shares of the financial services provider’s stock valued at $30,000 after buying an additional 311 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Webster Financial in the third quarter valued at approximately $29,000. Atlas Capital Advisors Inc. bought a new stake in shares of Webster Financial during the fourth quarter worth $31,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Webster Financial during the third quarter worth $33,000. 85.58% of the stock is currently owned by institutional investors.

Webster Financial Stock Performance

Shares of Webster Financial stock opened at $77.57 on Monday. The stock has a market cap of $12.57 billion, a P/E ratio of 12.61 and a beta of 1.01. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.46. Webster Financial Corporation has a 12-month low of $52.69 and a 12-month high of $79.74. The business’s 50 day moving average is $77.08 and its 200-day moving average is $73.47.

Webster Financial (NYSE:WBS) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). Webster Financial had a return on equity of 11.23% and a net margin of 22.78%.The firm had revenue of $769.23 million for the quarter, compared to analyst estimates of $755.80 million. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Webster Financial’s quarterly revenue was up 3.4% on a year-over-year basis. Equities research analysts predict that Webster Financial Corporation will post 6.59 earnings per share for the current fiscal year.

Webster Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, August 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. Webster Financial’s payout ratio is currently 26.02%.

Analyst Ratings Changes

WBS has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. Royal Bank Of Canada lifted their target price on Webster Financial from $75.00 to $76.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 22nd. Finally, Barclays upped their price target on Webster Financial from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.25.

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.