Webster Financial Corporation $WBS Stock Position Lifted by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in Webster Financial Corporation (NYSE:WBS) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 493,702 shares of the financial services provider’s stock after purchasing an additional 32,283 shares during the quarter. Natixis Advisors LLC’s holdings in Webster Financial were worth $31,074,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of WBS. BOKF NA bought a new position in Webster Financial during the third quarter valued at about $26,000. Flagship Harbor Advisors LLC purchased a new position in Webster Financial in the 4th quarter worth about $28,000. Caitong International Asset Management Co. Ltd purchased a new position in Webster Financial in the 3rd quarter worth about $29,000. Wilmington Savings Fund Society FSB purchased a new position in Webster Financial in the 3rd quarter worth about $33,000. Finally, Farther Finance Advisors LLC increased its stake in Webster Financial by 39.7% in the 4th quarter. Farther Finance Advisors LLC now owns 560 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Santander cut Webster Financial from a “neutral” rating to an “underweight” rating in a research note on Tuesday, March 3rd. Morgan Stanley decreased their price objective on Webster Financial from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Thursday, February 5th. UBS Group assumed coverage on Webster Financial in a research report on Tuesday, April 7th. They set a “neutral” rating and a $69.00 price objective for the company. Raymond James Financial lowered Webster Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Citigroup lowered Webster Financial from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.96.

Webster Financial Stock Up 1.1%

Shares of Webster Financial stock opened at $72.95 on Friday. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 11.94 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. Webster Financial Corporation has a 52-week low of $50.66 and a 52-week high of $74.00. The stock has a 50-day simple moving average of $71.69 and a 200-day simple moving average of $67.96.

Webster Financial (NYSE:WBS) last announced its quarterly earnings results 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 return on equity of 11.31% and a net margin of 22.95%.The business had revenue of $764.05 million during the quarter, compared to analyst estimates of $735.26 million. During the same period in the previous year, the company earned $1.30 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Webster Financial Corporation will post 6.59 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

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

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.