Fort Washington Investment Advisors Inc. OH Grows Stock Holdings in Webster Financial Corporation $WBS

Fort Washington Investment Advisors Inc. OH grew its position in Webster Financial Corporation (NYSE:WBS) by 5.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 425,218 shares of the financial services provider’s stock after buying an additional 23,714 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Webster Financial were worth $25,275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ieq Capital LLC lifted its position in Webster Financial by 32.9% during the first quarter. Ieq Capital LLC now owns 26,311 shares of the financial services provider’s stock valued at $1,356,000 after acquiring an additional 6,513 shares during the last quarter. Vident Advisory LLC purchased a new stake in shares of Webster Financial during the 1st quarter valued at $220,000. Quarry LP lifted its holdings in shares of Webster Financial by 109.4% during the 1st quarter. Quarry LP now owns 2,477 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 1,294 shares during the last quarter. Royal Bank of Canada boosted its position in shares of 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 worth $4,866,000 after purchasing an additional 2,049 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Webster Financial during the 1st quarter worth $114,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Insider Buying and Selling at Webster Financial

In other news, CEO John R. Ciulla sold 8,000 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $55.45, for a total value of $443,600.00. Following the completion of the transaction, the chief executive officer owned 231,872 shares of the company’s stock, valued at $12,857,302.40. The trade was a 3.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on WBS shares. Citigroup reiterated a “buy” rating on shares of Webster Financial in a research note on Tuesday. Keefe, Bruyette & Woods increased their price objective on shares of Webster Financial from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, December 16th. Raymond James Financial reiterated an “outperform” rating and issued a $65.00 target price (down from $68.00) on shares of Webster Financial in a research note on Monday, October 20th. Truist Financial cut their price target on shares of Webster Financial from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Monday, October 20th. Finally, Barclays lifted their price objective on shares of Webster Financial from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.92.

Webster Financial Stock Performance

WBS opened at $63.50 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.42. Webster Financial Corporation has a 12-month low of $39.43 and a 12-month high of $65.39. The firm has a 50 day moving average of $59.87 and a two-hundred day moving average of $58.98. The firm has a market capitalization of $10.24 billion, a PE ratio of 11.82, a P/E/G ratio of 0.56 and a beta of 1.07.

Webster Financial (NYSE:WBS) last released its quarterly earnings data on Friday, October 17th. The financial services provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.52 by $0.02. Webster Financial had a net margin of 21.32% and a return on equity of 11.07%. The business had revenue of $756.06 million for the quarter, compared to the consensus estimate of $725.22 million. During the same period in the prior year, the firm earned $1.34 EPS. On average, analysts anticipate that Webster Financial Corporation will post 5.88 EPS for the current year.

Webster Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Monday, November 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, November 10th. Webster Financial’s dividend payout ratio (DPR) is currently 29.80%.

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.