Groupama Asset Managment Grows Holdings in Webster Financial Corporation $WBS

Groupama Asset Managment lifted its stake in shares of Webster Financial Corporation (NYSE:WBS) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,438 shares of the financial services provider’s stock after buying an additional 6,880 shares during the quarter. Groupama Asset Managment’s holdings in Webster Financial were worth $10,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BOKF NA acquired a new stake in Webster Financial in the third quarter valued at $26,000. Flagship Harbor Advisors LLC bought a new position in Webster Financial during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Webster Financial during the 3rd quarter worth $29,000. New England Capital Financial Advisors LLC grew its holdings in Webster Financial by 246.8% during the 1st quarter. New England Capital Financial Advisors LLC now owns 437 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 311 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Webster Financial in the 4th quarter worth about $31,000. Institutional investors own 85.58% of the company’s stock.

Webster Financial Stock Performance

Webster Financial stock opened at $77.30 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.87 and a quick ratio of 0.87. Webster Financial Corporation has a 12 month low of $52.69 and a 12 month high of $77.69. The company has a fifty day moving average price of $75.07 and a two-hundred day moving average price of $71.78. The company has a market cap of $12.52 billion, a PE ratio of 12.57 and a beta of 1.00.

Webster Financial (NYSE:WBS) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The business had revenue of $769.23 million for the quarter, compared to analyst estimates of $755.80 million. Webster Financial had a return on equity of 11.23% and a net margin of 22.78%.The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company posted $1.52 earnings per share. Research analysts expect that Webster Financial Corporation will post 6.55 earnings per share for the current year.

Webster Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, August 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, August 10th. Webster Financial’s dividend payout ratio is currently 26.02%.

Wall Street Analyst Weigh In

WBS has been the topic of several research analyst reports. Keefe, Bruyette & Woods reduced their price target 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. Weiss Ratings reissued a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. Royal Bank Of Canada boosted their price objective on Webster Financial from $75.00 to $76.00 and gave the company a “sector perform” rating in a report on Wednesday, July 22nd. Finally, UBS Group started coverage on Webster Financial in a research note on Tuesday, April 7th. They set a “neutral” rating and a $69.00 price objective on the stock. Four 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. Based on data from MarketBeat, Webster Financial has a consensus rating of “Hold” and a consensus price target of $74.04.

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.