Maven Securities LTD Grows Position in Webster Financial Corporation $WBS

Maven Securities LTD grew its holdings in Webster Financial Corporation (NYSE:WBS) by 133.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 144,277 shares of the financial services provider’s stock after buying an additional 82,520 shares during the period. Maven Securities LTD’s holdings in Webster Financial were worth $11,026,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Corient Private Wealth LP boosted its position in Webster Financial by 1.4% during the second quarter. Corient Private Wealth LP now owns 10,622 shares of the financial services provider’s stock worth $812,000 after acquiring an additional 151 shares during the last quarter. IFP Advisors Inc raised its holdings in Webster Financial by 22.3% in the 2nd quarter. IFP Advisors Inc now owns 986 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 180 shares during the last quarter. Curi Capital LLC lifted its stake in Webster Financial by 0.3% in the 2nd quarter. Curi Capital LLC now owns 68,500 shares of the financial services provider’s stock worth $3,740,000 after purchasing an additional 182 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings 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 purchasing an additional 183 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of Webster Financial by 0.4% in the second quarter. Arizona State Retirement System now owns 44,487 shares of the financial services provider’s stock valued at $3,400,000 after purchasing an additional 184 shares in the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

Webster Financial Stock Performance

NYSE:WBS opened at $77.57 on Wednesday. The company’s 50-day moving average is $77.32 and its two-hundred day moving average is $73.74. Webster Financial Corporation has a 1-year low of $52.69 and a 1-year high of $79.74. 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 firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 12.61 and a beta of 1.01.

Webster Financial (NYSE:WBS) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The firm 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 quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 EPS. Analysts forecast that Webster Financial Corporation will post 6.59 EPS for the current year.

Webster Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. Barclays boosted their price objective on Webster Financial from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada raised their target price on Webster Financial from $75.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 22nd. Four equities 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’s stock. According to data from MarketBeat.com, Webster Financial has an average rating of “Hold” and a consensus price target of $74.25.

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.