Cambiar Investors LLC Has $4.11 Million Stock Position in Webster Financial Corporation $WBS

Key Points

• Cambiar Investors LLC reduced its stake in Webster Financial by 29.8%, selling 27,728 shares and finishing the quarter with 65,278 shares valued at $4.11 million.
• Analysts are mixed but the consensus rating is Hold with an average price target of $74.07 following several recent upgrades and downgrades.
• Webster beat Q4 estimates (EPS $1.59 vs. $1.52; revenue $760.5M vs. $731.95M); shares trade around $71.80, the market cap is $11.58B, and the stock yields 2.2% annually.

Cambiar Investors LLC lowered its stake in Webster Financial Corporation (NYSE:WBS - Free Report) by 29.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,278 shares of the financial services provider's stock after selling 27,728 shares during the quarter. Cambiar Investors LLC's holdings in Webster Financial were worth $4,109,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Grove Bank & Trust raised its stake in Webster Financial by 18.7% during the 4th quarter. Grove Bank & Trust now owns 1,005 shares of the financial services provider's stock worth $63,000 after buying an additional 158 shares during the period. Curi Capital LLC raised its stake in shares of Webster Financial by 0.3% in the 2nd quarter. Curi Capital LLC now owns 68,500 shares of the financial services provider's stock valued at $3,740,000 after purchasing an additional 182 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Webster Financial by 27.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 839 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 183 shares during the period. Trust Investment Advisors grew its stake in Webster Financial by 0.8% in the third quarter. Trust Investment Advisors now owns 26,115 shares of the financial services provider's stock valued at $1,552,000 after purchasing an additional 205 shares in the last quarter. Finally, Wedmont Private Capital grew its stake in Webster Financial by 2.9% in the third quarter. Wedmont Private Capital now owns 7,548 shares of the financial services provider's stock valued at $454,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on WBS shares. Santander cut Webster Financial from a "neutral" rating to an "underweight" rating in a report on Tuesday, March 3rd. Wells Fargo & Company upgraded Webster Financial from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 4th. Raymond James Financial downgraded shares of Webster Financial from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 11th. Keefe, Bruyette & Woods lifted their price target on shares of Webster Financial from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Monday, March 2nd. Finally, Citigroup downgraded shares of Webster Financial from a "buy" rating to a "hold" rating and set a $75.00 price objective for the company. in a research report on Friday, February 13th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $74.07.

Webster Financial Stock Performance

Shares of Webster Financial stock opened at $71.80 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. Webster Financial Corporation has a twelve month low of $41.07 and a twelve month high of $74.00. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 12.15 and a beta of 1.03. The company's fifty day moving average is $70.40 and its 200 day moving average is $64.07.

Webster Financial (NYSE:WBS - Get Free Report) last issued its quarterly earnings results on Friday, January 23rd. The financial services provider reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.07. The business had revenue of $760.48 million for the quarter, compared to analysts' expectations of $731.95 million. Webster Financial had a net margin of 22.67% and a return on equity of 11.10%. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Sell-side analysts forecast that Webster Financial Corporation will post 5.88 EPS for the current year.

Webster Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Monday, February 9th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. Webster Financial's dividend payout ratio is 27.07%.

Webster Financial 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.

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