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

Leeward Investments LLC MA lowered its holdings in shares of Webster Financial Corporation (NYSE:WBS) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,342 shares of the financial services provider’s stock after selling 6,595 shares during the quarter. Leeward Investments LLC MA owned approximately 0.12% of Webster Financial worth $13,214,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in Webster Financial by 2.2% in the 1st quarter. Royal Bank of Canada now owns 94,385 shares of the financial services provider’s stock valued at $4,866,000 after acquiring an additional 2,049 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Webster Financial during the first quarter worth $114,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Webster Financial by 15.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,127 shares of the financial services provider’s stock valued at $2,069,000 after purchasing an additional 5,299 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Webster Financial by 37.0% during the first quarter. Goldman Sachs Group Inc. now owns 652,921 shares of the financial services provider’s stock valued at $33,658,000 after purchasing an additional 176,258 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Webster Financial by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 476,095 shares of the financial services provider’s stock valued at $24,543,000 after purchasing an additional 20,090 shares during the period. 85.58% of the stock is owned by institutional investors and hedge funds.

Webster Financial Stock Performance

WBS opened at $75.90 on Wednesday. Webster Financial Corporation has a twelve month low of $52.69 and a twelve month high of $76.13. The firm has a market capitalization of $12.30 billion, a PE ratio of 12.42 and a beta of 1.00. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $72.79 and its 200 day moving average price is $69.40.

Webster Financial (NYSE:WBS) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. The company had revenue of $764.05 million during the quarter, compared to the consensus estimate of $735.26 million. Webster Financial had a net margin of 22.95% and a return on equity of 11.31%. Webster Financial’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 EPS. As a group, sell-side analysts expect that Webster Financial Corporation will post 6.59 EPS for the current fiscal year.

Webster Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

WBS has been the subject of a number of research reports. Santander cut shares of Webster Financial from a “neutral” rating to an “underweight” rating in a research note on Tuesday, March 3rd. UBS Group initiated coverage on shares of Webster Financial in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $69.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. 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 report on Friday, May 1st. Finally, Wells Fargo & Company raised Webster Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Webster Financial presently has an average rating of “Hold” and a consensus target price of $73.96.

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.