Webster Financial Corporation $WBS Shares Bought by Maltese Capital Management LLC

Maltese Capital Management LLC increased its position in shares of Webster Financial Corporation (NYSE:WBS) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 268,800 shares of the financial services provider’s stock after acquiring an additional 8,800 shares during the period. Webster Financial comprises 2.4% of Maltese Capital Management LLC’s holdings, making the stock its 5th largest holding. Maltese Capital Management LLC owned approximately 0.17% of Webster Financial worth $15,977,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Curi Capital LLC boosted its holdings in shares of Webster Financial by 0.3% in the 2nd 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. lifted its position in shares of Webster Financial by 27.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 839 shares of the financial services provider’s stock worth $50,000 after buying an additional 183 shares during the last quarter. Journey Strategic Wealth LLC boosted its stake in Webster Financial by 3.2% in the second quarter. Journey Strategic Wealth LLC now owns 6,747 shares of the financial services provider’s stock valued at $368,000 after buying an additional 210 shares in the last quarter. Wedmont Private Capital grew its position in Webster Financial by 2.9% in the third quarter. Wedmont Private Capital now owns 7,548 shares of the financial services provider’s stock valued at $454,000 after acquiring an additional 215 shares during the last quarter. Finally, F m Investments LLC raised its stake in Webster Financial by 2.8% during the second quarter. F m Investments LLC now owns 8,243 shares of the financial services provider’s stock worth $450,000 after acquiring an additional 222 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WBS shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Webster Financial in a report on Monday, December 29th. Citigroup downgraded shares of Webster Financial from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a report on Friday, February 13th. Barclays set a $75.00 price objective on Webster Financial in a report on Wednesday, February 4th. Wells Fargo & Company raised Webster Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Raymond James Financial lowered Webster Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $74.50.

Webster Financial Price Performance

Shares of NYSE WBS opened at $67.97 on Tuesday. Webster Financial Corporation has a twelve month low of $39.43 and a twelve month high of $74.00. The firm has a fifty day simple moving average of $68.56 and a 200 day simple moving average of $63.02. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $10.96 billion, a PE ratio of 11.50 and a beta of 1.03.

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

Webster Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Monday, February 9th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Webster Financial’s dividend payout ratio is 27.07%.

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.