Deutsche Bank AG Has $15.36 Million Holdings in Webster Financial Co. (NYSE:WBS)

Deutsche Bank AG raised its stake in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 305.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 278,128 shares of the financial services provider's stock after purchasing an additional 209,590 shares during the period. Deutsche Bank AG owned 0.16% of Webster Financial worth $15,358,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Webster Financial by 36.4% in the third quarter. Barclays PLC now owns 297,834 shares of the financial services provider's stock valued at $13,883,000 after buying an additional 79,556 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Webster Financial by 3.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,684 shares of the financial services provider's stock valued at $535,000 after purchasing an additional 279 shares during the period. Brookstone Capital Management bought a new position in shares of Webster Financial in the fourth quarter valued at approximately $298,000. Wedmont Private Capital increased its holdings in shares of Webster Financial by 3.2% in the fourth quarter. Wedmont Private Capital now owns 7,628 shares of the financial services provider's stock worth $409,000 after purchasing an additional 237 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Webster Financial by 4.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 498,465 shares of the financial services provider's stock valued at $27,525,000 after acquiring an additional 23,328 shares during the last quarter. Institutional investors own 85.58% of the company's stock.

Insider Activity at Webster Financial

In other Webster Financial news, insider Daniel Bley sold 1,800 shares of Webster Financial stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $47.84, for a total transaction of $86,112.00. Following the sale, the insider now directly owns 21,517 shares in the company, valued at $1,029,373.28. The trade was a 7.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John R. Ciulla sold 8,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $57.43, for a total transaction of $459,440.00. Following the completion of the transaction, the chief executive officer now owns 210,051 shares of the company's stock, valued at $12,063,228.93. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,217 shares of company stock valued at $1,386,244. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on WBS. Royal Bank of Canada set a $60.00 target price on shares of Webster Financial and gave the company an "outperform" rating in a report on Friday, April 25th. Raymond James lowered their target price on Webster Financial from $65.00 to $58.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Wells Fargo & Company lowered their price objective on Webster Financial from $75.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Truist Financial initiated coverage on Webster Financial in a report on Tuesday, May 13th. They issued a "buy" rating and a $61.00 target price for the company. Finally, Morgan Stanley lowered their target price on Webster Financial from $75.00 to $66.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.58.

Webster Financial Stock Down 0.8%

Shares of NYSE:WBS traded down $0.42 during trading hours on Monday, reaching $52.48. The stock had a trading volume of 1,026,080 shares, compared to its average volume of 1,255,817. Webster Financial Co. has a 1 year low of $39.34 and a 1 year high of $63.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.02 and a beta of 0.98. The firm's 50 day moving average is $48.33 and its 200-day moving average is $54.35.

Webster Financial (NYSE:WBS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.08). Webster Financial had a return on equity of 10.82% and a net margin of 18.39%. The business had revenue of $704.80 million for the quarter, compared to analyst estimates of $708.46 million. During the same quarter in the prior year, the company earned $1.35 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts predict that Webster Financial Co. will post 5.88 earnings per share for the current fiscal year.

Webster Financial announced that its board has authorized a stock buyback program on Thursday, May 1st that permits the company to repurchase $700.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 8.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Webster Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Monday, May 12th. Webster Financial's dividend payout ratio (DPR) is presently 36.04%.

Webster Financial Profile

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.