140 Summer Partners LP Acquires 90,882 Shares of Webster Financial Corporation $WBS

140 Summer Partners LP lifted its stake in Webster Financial Corporation (NYSE:WBS) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,360,474 shares of the financial services provider’s stock after purchasing an additional 90,882 shares during the quarter. Webster Financial accounts for 6.3% of 140 Summer Partners LP’s portfolio, making the stock its 4th largest position. 140 Summer Partners LP’s holdings in Webster Financial were worth $85,628,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in WBS. Grove Bank & Trust increased its stake in shares of Webster Financial by 18.7% in the fourth quarter. Grove Bank & Trust now owns 1,005 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 158 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Webster Financial by 39.7% in the fourth quarter. Farther Finance Advisors LLC now owns 560 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 159 shares in the last quarter. Curi Capital LLC grew its stake in Webster Financial by 0.3% in the second quarter. Curi Capital LLC now owns 68,500 shares of the financial services provider’s stock valued at $3,740,000 after purchasing an additional 182 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Webster Financial by 27.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 839 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 183 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of Webster Financial by 2.9% during the 4th quarter. Kestra Advisory Services LLC now owns 6,533 shares of the financial services provider’s stock worth $411,000 after purchasing an additional 187 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Webster Financial Trading Up 0.6%

Shares of NYSE:WBS opened at $74.85 on Wednesday. Webster Financial Corporation has a 52-week low of $50.66 and a 52-week high of $75.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $12.13 billion, a P/E ratio of 12.25 and a beta of 1.00. The stock’s 50-day moving average is $72.32 and its 200-day moving average is $68.87.

Webster Financial (NYSE:WBS) last announced its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $735.26 million. During the same quarter last year, the company posted $1.30 earnings per share. Webster Financial’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts predict that Webster Financial Corporation will post 6.59 earnings per share for the current year.

Webster Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. Webster Financial’s dividend payout ratio is currently 26.19%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WBS shares. Santander lowered Webster Financial from a “neutral” rating to an “underweight” rating in a report on Tuesday, March 3rd. 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 report on Friday, May 1st. Wells Fargo & Company raised shares of Webster Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. UBS Group initiated coverage on shares of Webster Financial in a report on Tuesday, April 7th. They issued a “neutral” rating and a $69.00 price objective for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Webster Financial in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $73.96.

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.