Webster Financial Corporation $WBS Shares Sold by Orange Investment Advisors Inc.

Orange Investment Advisors Inc. decreased its position in shares of Webster Financial Corporation (NYSE:WBS) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,958 shares of the financial services provider’s stock after selling 7,926 shares during the quarter. Orange Investment Advisors Inc.’s holdings in Webster Financial were worth $2,389,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of WBS. BOKF NA acquired a new position in shares of Webster Financial during the third quarter valued at $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Webster Financial during the fourth quarter valued at $28,000. Root Financial Partners LLC acquired a new position in shares of Webster Financial during the third quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Webster Financial during the third quarter valued at $29,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Webster Financial during the third quarter valued at $33,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Webster Financial Price Performance

Shares of NYSE WBS opened at $72.45 on Friday. Webster Financial Corporation has a fifty-two week low of $49.81 and a fifty-two week high of $74.00. The firm’s 50-day simple moving average is $70.86 and its 200 day simple moving average is $66.87. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. The stock has a market cap of $11.74 billion, a P/E ratio of 11.86 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 for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. Webster Financial had a net margin of 22.95% and a return on equity of 11.31%. The business had revenue of $764.05 million for the quarter, compared to analysts’ expectations of $735.26 million. During the same period in the previous year, the business earned $1.30 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. Equities analysts expect that Webster Financial Corporation will post 6.59 EPS for the current year.

Webster Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

WBS has been the subject of several analyst reports. Barclays set a $75.00 price target on shares of Webster Financial in a report on Wednesday, February 4th. Wells Fargo & Company raised shares of Webster Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Santander downgraded shares of Webster Financial from a “neutral” rating to an “underweight” rating in a report on Tuesday, March 3rd. Citigroup downgraded shares of Webster Financial from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a report on Friday, February 13th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Webster Financial currently has an average rating of “Hold” and a consensus price target of $73.96.

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.