Gator Capital Management LLC Has $3.82 Million Holdings in Webster Financial Corporation $WBS

Gator Capital Management LLC cut its holdings in shares of Webster Financial Corporation (NYSE:WBS) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,655 shares of the financial services provider’s stock after selling 14,340 shares during the quarter. Gator Capital Management LLC’s holdings in Webster Financial were worth $3,818,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WBS. Norges Bank acquired a new position in shares of Webster Financial in the fourth quarter valued at $142,035,000. Alyeska Investment Group L.P. raised its stake in shares of Webster Financial by 7,442.8% in the third quarter. Alyeska Investment Group L.P. now owns 2,032,937 shares of the financial services provider’s stock valued at $120,838,000 after purchasing an additional 2,005,985 shares in the last quarter. 140 Summer Partners LP acquired a new position in Webster Financial during the third quarter worth $75,465,000. AQR Capital Management LLC raised its stake in Webster Financial by 221.0% during the second quarter. AQR Capital Management LLC now owns 1,565,623 shares of the financial services provider’s stock worth $85,483,000 after acquiring an additional 1,077,819 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new position in Webster Financial during the fourth quarter worth $56,253,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group assumed coverage on Webster Financial in a research note on Tuesday, April 7th. They set a “neutral” rating and a $69.00 price objective for the company. Wells Fargo & Company upgraded Webster Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Citigroup cut Webster Financial from a “buy” rating to a “hold” rating and set a $75.00 target price on the stock. in a report on Friday, February 13th. Santander cut Webster Financial from a “neutral” rating to an “underweight” rating in a report on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods decreased their target price on Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a report on Friday, May 1st. 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. According to data from MarketBeat, Webster Financial currently has a consensus rating of “Hold” and a consensus target price of $73.96.

Webster Financial Trading Up 0.9%

NYSE:WBS opened at $73.85 on Friday. Webster Financial Corporation has a 1-year low of $50.66 and a 1-year high of $74.00. The business’s 50-day moving average price is $72.13 and its two-hundred day moving average price is $68.58. 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 firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 12.09 and a beta of 1.00.

Webster Financial (NYSE:WBS) last released its earnings results on Tuesday, April 28th. The financial services provider reported $1.57 earnings per share 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 firm had revenue of $764.05 million for the quarter, compared to analyst estimates of $735.26 million. During the same quarter in the prior year, the firm posted $1.30 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts expect that Webster Financial Corporation will post 6.59 earnings per share for the current year.

Webster Financial Dividend Announcement

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

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.