Webster Financial Corporation $WBS Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its holdings in Webster Financial Corporation (NYSE:WBS) by 37.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,552 shares of the financial services provider’s stock after selling 6,786 shares during the period. Sanctuary Advisors LLC’s holdings in Webster Financial were worth $802,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in Webster Financial by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,920,300 shares of the financial services provider’s stock valued at $498,509,000 after acquiring an additional 107,335 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Webster Financial by 2.9% in the fourth quarter. Invesco Ltd. now owns 5,516,110 shares of the financial services provider’s stock valued at $347,184,000 after purchasing an additional 156,636 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Webster Financial by 15.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,246,364 shares of the financial services provider’s stock valued at $330,207,000 after purchasing an additional 713,294 shares during the last quarter. Capital International Investors grew its position in shares of Webster Financial by 0.4% in the fourth quarter. Capital International Investors now owns 4,177,281 shares of the financial services provider’s stock valued at $263,058,000 after purchasing an additional 16,676 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Webster Financial during the 4th quarter worth approximately $142,035,000. 85.58% of the stock is owned by institutional investors and hedge funds.

Webster Financial Stock Performance

Shares of NYSE WBS opened at $76.06 on Monday. The company has a market cap of $12.32 billion, a PE ratio of 12.37 and a beta of 1.00. Webster Financial Corporation has a 12 month low of $52.69 and a 12 month high of $77.69. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.87 and a quick ratio of 0.87. The company has a 50-day simple moving average of $74.60 and a 200-day simple moving average of $71.41.

Webster Financial (NYSE:WBS) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.01). The firm had revenue of $739.99 million for the quarter, compared to analysts’ expectations of $755.80 million. Webster Financial had a net margin of 22.78% and a return on equity of 11.23%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. On average, equities analysts anticipate that Webster Financial Corporation will post 6.55 earnings per share for the current year.

Webster Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were issued a $0.40 dividend. The ex-dividend date was Monday, May 11th. This represents a $1.60 annualized dividend and a yield of 2.1%. Webster Financial’s payout ratio is 26.02%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WBS shares. Weiss Ratings restated a “buy (b)” rating on shares of Webster Financial in a research report on Friday, June 12th. Keefe, Bruyette & Woods lowered their target price on Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a report on Friday, May 1st. UBS Group began coverage on Webster Financial in a report on Tuesday, April 7th. They set a “neutral” rating and a $69.00 target price on the stock. Finally, Royal Bank Of Canada raised their price target on Webster Financial from $75.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.