Stieven Capital Advisors L.P. Sells 21,500 Shares of Webster Financial Corporation $WBS

Stieven Capital Advisors L.P. decreased its stake in shares of Webster Financial Corporation (NYSE:WBS) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 568,988 shares of the financial services provider’s stock after selling 21,500 shares during the quarter. Webster Financial comprises about 6.6% of Stieven Capital Advisors L.P.’s portfolio, making the stock its biggest holding. Stieven Capital Advisors L.P. owned about 0.35% of Webster Financial worth $35,812,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BOKF NA acquired a new position in shares of Webster Financial during the 3rd quarter worth approximately $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Webster Financial during the 4th quarter worth approximately $28,000. Root Financial Partners LLC acquired a new position in shares of Webster Financial during the 3rd quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Webster Financial during the 3rd quarter worth approximately $29,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Webster Financial during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Webster Financial Stock Down 1.0%

WBS stock opened at $71.85 on Friday. 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 business’s 50 day simple moving average is $70.92 and its 200 day simple moving average is $66.91. Webster Financial Corporation has a 1-year low of $49.81 and a 1-year high of $74.00. The firm has a market capitalization of $11.64 billion, a PE ratio of 11.76 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 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. Webster Financial had a return on equity of 11.31% and a net margin of 22.95%.The firm 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 posted $1.30 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Webster Financial Corporation will post 6.59 EPS for the current year.

Webster Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, May 11th. Webster Financial’s dividend payout ratio is currently 26.19%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Jefferies Financial Group set a $75.00 target price on Webster Financial in a report on Wednesday, February 4th. Wells Fargo & Company raised Webster Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Barclays set a $75.00 target price on Webster Financial in a report on Wednesday, February 4th. UBS Group assumed coverage on Webster Financial in a report on Tuesday, April 7th. They set a “neutral” rating and a $69.00 target price on the stock. Finally, Truist Financial lowered Webster Financial from a “buy” rating to a “hold” rating and set a $74.00 target price on the stock. in a report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.