15,575 Shares in Webster Financial Corporation $WBS Purchased by Houlihan Financial Resource Group Ltd.

Houlihan Financial Resource Group Ltd. purchased a new stake in Webster Financial Corporation (NYSE:WBS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,575 shares of the financial services provider’s stock, valued at approximately $980,000.

A number of other institutional investors have also recently made changes to their positions in the business. Y Intercept Hong Kong Ltd purchased a new position in shares of Webster Financial during the third quarter worth approximately $578,000. Dynamic Technology Lab Private Ltd increased its position in shares of Webster Financial by 115.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 32,940 shares of the financial services provider’s stock worth $1,958,000 after acquiring an additional 17,640 shares during the period. Pinnbrook Capital Management LP purchased a new position in shares of Webster Financial during the third quarter worth approximately $2,254,000. Polar Asset Management Partners Inc. increased its position in shares of Webster Financial by 186.3% during the third quarter. Polar Asset Management Partners Inc. now owns 53,817 shares of the financial services provider’s stock worth $3,199,000 after acquiring an additional 35,017 shares during the period. Finally, Artemis Investment Management LLP purchased a new position in shares of Webster Financial during the fourth quarter worth approximately $56,253,000. Institutional investors own 85.58% of the company’s stock.

Webster Financial Stock Performance

Shares of NYSE:WBS opened at $72.67 on Friday. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 11.89 and a beta of 1.02. Webster Financial Corporation has a 52 week low of $50.24 and a 52 week high of $74.00. 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 firm has a 50 day moving average of $71.29 and a 200 day moving average of $67.42.

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

Webster Financial Announces Dividend

The company 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. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, May 11th. Webster Financial’s payout ratio is currently 26.19%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays set a $75.00 price objective on shares of Webster Financial in a research note on Wednesday, February 4th. UBS Group assumed coverage on shares of Webster Financial in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $69.00 price objective for the company. Santander downgraded shares of Webster Financial from a “neutral” rating to an “underweight” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada downgraded shares of Webster Financial from a “moderate buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a research note on Wednesday, February 4th. Finally, Morgan Stanley reduced their price objective on shares of Webster Financial from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $73.96.

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.