Webster Financial Corporation $WBS Holdings Decreased by FJ Capital Management LLC

FJ Capital Management LLC decreased its position in shares of Webster Financial Corporation (NYSE:WBS) by 38.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,743 shares of the financial services provider’s stock after selling 239,721 shares during the quarter. Webster Financial accounts for approximately 2.7% of FJ Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. FJ Capital Management LLC owned 0.24% of Webster Financial worth $24,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BOKF NA acquired a new stake in shares of Webster Financial during the third quarter worth about $26,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Webster Financial during the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Webster Financial during the third quarter worth about $29,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Webster Financial during the fourth quarter worth about $31,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Webster Financial during the third quarter worth about $33,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WBS shares. Santander downgraded Webster Financial from a “neutral” rating to an “underweight” rating in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods decreased their target price on Webster Financial from $79.00 to $77.50 and set an “outperform” rating for the company in a report on Friday, May 1st. UBS Group started coverage on Webster Financial in a report on Tuesday, April 7th. They set a “neutral” rating and a $69.00 target price for the company. Finally, Wells Fargo & Company raised Webster Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Four investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.96.

Webster Financial Trading Up 0.9%

Shares of NYSE:WBS opened at $73.85 on Friday. Webster Financial Corporation has a 12-month low of $50.66 and a 12-month high of $74.00. The company has a market capitalization of $11.97 billion, a PE ratio of 12.09 and a beta of 1.00. The business has a 50 day moving average of $72.13 and a two-hundred day moving average of $68.58. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60.

Webster Financial (NYSE:WBS) last announced its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. Webster Financial had a return on equity of 11.31% and a net margin of 22.95%.The company had revenue of $764.05 million during the quarter, compared to the consensus estimate of $735.26 million. During the same period in the previous year, the company posted $1.30 earnings per share. Webster Financial’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts forecast that Webster Financial Corporation will post 6.59 EPS for the current year.

Webster Financial Announces Dividend

The business 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 of this dividend was Monday, May 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. Webster Financial’s payout ratio is presently 26.19%.

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.