Leeward Investments LLC MA Cuts Stake in Webster Financial Corporation $WBS

Leeward Investments LLC MA reduced its stake in shares of Webster Financial Corporation (NYSE:WBS) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,937 shares of the financial services provider’s stock after selling 9,842 shares during the period. Leeward Investments LLC MA owned 0.12% of Webster Financial worth $12,395,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BOKF NA purchased a new position in shares of Webster Financial during the 3rd quarter worth about $26,000. Flagship Harbor Advisors LLC purchased a new position in shares of Webster Financial during the 4th quarter worth about $28,000. Root Financial Partners LLC purchased a new position in shares of Webster Financial during the 3rd quarter worth about $29,000. Caitong International Asset Management Co. Ltd purchased a new position in Webster Financial in the third quarter valued at approximately $29,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Webster Financial in the third quarter valued at approximately $33,000. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Webster Financial Stock Down 0.1%

Shares of NYSE:WBS opened at $71.63 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. Webster Financial Corporation has a 52-week low of $49.81 and a 52-week high of $74.00. The company has a 50 day moving average of $70.56 and a two-hundred day moving average of $66.33. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 11.72 and a beta of 1.02.

Webster Financial (NYSE:WBS) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $735.26 million. During the same quarter last year, the company earned $1.30 earnings per share. Webster Financial’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts forecast 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 will be paid on Thursday, May 21st. Shareholders of record on Monday, May 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.60 annualized dividend and a yield of 2.2%. Webster Financial’s dividend payout ratio (DPR) is 26.19%.

Analyst Upgrades and Downgrades

WBS has been the topic of several research reports. Jefferies Financial Group set a $75.00 price target on shares of Webster Financial in a report on Wednesday, February 4th. Stephens restated an “equal weight” rating and issued a $73.00 price target on shares of Webster Financial in a report on Wednesday, February 4th. Raymond James Financial lowered shares of Webster Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 11th. Morgan Stanley cut their price target on shares of Webster Financial from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Finally, Truist Financial lowered shares of Webster Financial from a “buy” rating to a “hold” rating and set a $74.00 price target on the stock. in a report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.96.

About Webster Financial

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.