Webster Financial Corporation $WBS Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in Webster Financial Corporation (NYSE:WBS) by 69.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,578 shares of the financial services provider’s stock after selling 28,917 shares during the quarter. SG Americas Securities LLC’s holdings in Webster Financial were worth $873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BOKF NA acquired a new stake in Webster Financial during the third quarter worth approximately $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Webster Financial in the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Webster Financial in the 3rd quarter valued at $29,000. Atlas Capital Advisors Inc. purchased a new position in shares of Webster Financial in the 4th quarter valued at $31,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Webster Financial in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WBS shares. UBS Group began coverage on shares of Webster Financial in a research report on Tuesday, April 7th. They issued a “neutral” rating and a $69.00 price target for the company. Keefe, Bruyette & Woods dropped their price objective on Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a report on Friday, May 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Webster Financial in a research report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.96.

Webster Financial Stock Performance

Shares of Webster Financial stock opened at $76.72 on Monday. The firm’s fifty day simple moving average is $73.36 and its 200-day simple moving average is $70.13. The stock has a market capitalization of $12.43 billion, a price-to-earnings ratio of 12.56 and a beta of 1.00. Webster Financial Corporation has a 12 month low of $52.69 and a 12 month high of $77.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.87.

Webster Financial (NYSE:WBS) last issued its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.57 earnings per share for the quarter, topping 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 firm had revenue of $764.05 million during the quarter, compared to analysts’ expectations of $735.26 million. During the same quarter in the prior year, the business earned $1.30 EPS. Webster Financial’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts forecast that Webster Financial Corporation will post 6.59 earnings per share for the current year.

Webster Financial Dividend Announcement

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

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.