Webster Financial Corporation $WBS Holdings Trimmed by American Century Companies Inc.

American Century Companies Inc. lessened its stake in shares of Webster Financial Corporation (NYSE:WBS) by 24.9% in the third quarter, Holdings Channel.com reports. The fund owned 2,594,065 shares of the financial services provider’s stock after selling 859,713 shares during the quarter. American Century Companies Inc.’s holdings in Webster Financial were worth $154,191,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WBS. Y Intercept Hong Kong Ltd acquired a new position in shares of Webster Financial in the 3rd quarter valued at about $578,000. Assenagon Asset Management S.A. lifted its position in shares of Webster Financial by 959.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 358,294 shares of the financial services provider’s stock worth $21,297,000 after purchasing an additional 324,471 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Webster Financial in the 3rd quarter valued at $1,991,000. Norges Bank acquired a new stake in shares of Webster Financial during the 2nd quarter worth approximately $131,780,000. Finally, Pacer Advisors Inc. bought a new stake in Webster Financial in the third quarter valued at about $1,786,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Webster Financial Stock Down 1.7%

NYSE WBS opened at $72.00 on Monday. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 12.18 and a beta of 1.03. The company has a 50 day moving average of $67.51 and a 200-day moving average of $62.32. Webster Financial Corporation has a 1-year low of $39.43 and a 1-year high of $74.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40.

Webster Financial (NYSE:WBS) last announced its quarterly earnings data on Friday, January 23rd. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.07. Webster Financial had a net margin of 22.67% and a return on equity of 11.10%. The firm had revenue of $760.48 million for the quarter, compared to the consensus estimate of $731.95 million. During the same period in the prior year, the company posted $1.43 earnings per share. On average, equities research analysts expect that Webster Financial Corporation will post 5.88 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, February 9th were given a dividend of $0.40 per share. The ex-dividend date was Monday, February 9th. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. Webster Financial’s payout ratio is currently 27.07%.

Wall Street Analyst Weigh In

WBS has been the topic of several research analyst reports. Royal Bank Of Canada cut shares of Webster Financial from a “moderate buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a research note on Wednesday, February 4th. Truist Financial downgraded shares of Webster Financial from a “buy” rating to a “hold” rating and set a $74.00 price target on the stock. in a research report on Wednesday, February 4th. TD Cowen downgraded shares of Webster Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Barclays set a $75.00 price target on Webster Financial in a research report on Wednesday, February 4th. Finally, Stephens reiterated an “equal weight” rating and set a $73.00 price objective on shares of Webster Financial in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Webster Financial presently has a consensus rating of “Hold” and a consensus price target of $74.36.

Webster Financial 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.