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

SG Americas Securities LLC lessened its stake in shares of Webster Financial Corporation (NYSE:WBS) by 69.7% in the 1st quarter, Holdings Channel.com reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Grove Bank & Trust raised its position in Webster Financial by 18.7% during the 4th quarter. Grove Bank & Trust now owns 1,005 shares of the financial services provider’s stock worth $63,000 after buying an additional 158 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of 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 acquiring an additional 159 shares in the last quarter. Curi Capital LLC boosted its holdings in shares of 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 acquiring an additional 182 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Webster Financial by 27.9% during the third quarter. Brown Brothers Harriman & Co. now owns 839 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 183 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Webster Financial by 37.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 674 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 185 shares during the period. 85.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on WBS. Weiss Ratings restated a “buy (b)” rating on shares of Webster Financial in a research report on Friday, June 12th. UBS Group started coverage on Webster Financial in a research report on Tuesday, April 7th. They set a “neutral” rating and a $69.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut their target price on Webster Financial from $79.00 to $77.50 and set an “outperform” rating for the company in a research note on Friday, May 1st. 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. According to data from MarketBeat, Webster Financial currently has an average rating of “Hold” and a consensus target price of $73.96.

Webster Financial Stock Performance

Shares of WBS opened at $76.72 on Monday. The company has a 50-day simple moving average of $73.36 and a 200-day simple moving average of $70.13. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $12.43 billion, a PE ratio of 12.56 and a beta of 1.00. Webster Financial Corporation has a 52-week low of $52.69 and a 52-week high of $77.33.

Webster Financial (NYSE:WBS) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.57 EPS 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 for the quarter, compared to the consensus estimate of $735.26 million. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The firm’s 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 fiscal year.

Webster Financial Dividend Announcement

The company also recently declared 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 of this dividend was Monday, May 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. Webster Financial’s payout ratio is 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.