Natixis Advisors LLC Buys 57,626 Shares of Webster Financial Corporation $WBS

Key Points

• Natixis Advisors LLC raised its stake in Webster Financial (WBS) by 14.3% in Q3, buying 57,626 shares to own 461,419 shares worth about $27.43 million (≈0.28% of the company).
• Recent results: Webster reported $1.59 EPS (vs. $1.52 est.) and $760.48M revenue for the quarter, and analysts' consensus is a "Hold" with an average price target of $74.50.
• Dividend and valuation: Webster pays a $0.40 quarterly dividend ($1.60 annual, 2.3% yield) and trades with a market cap of $11.13 billion and a P/E of 11.68.

Natixis Advisors LLC raised its stake in shares of Webster Financial Corporation (NYSE:WBS - Free Report) by 14.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 461,419 shares of the financial services provider's stock after acquiring an additional 57,626 shares during the quarter. Natixis Advisors LLC owned approximately 0.28% of Webster Financial worth $27,427,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in Webster Financial during the third quarter worth about $29,000. Wilmington Savings Fund Society FSB bought a new position in shares of Webster Financial in the third quarter valued at approximately $33,000. Parkside Financial Bank & Trust raised its stake in shares of Webster Financial by 56.1% in the second quarter. Parkside Financial Bank & Trust now owns 829 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 298 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Webster Financial in the 3rd quarter worth approximately $47,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Webster Financial by 81.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,107 shares of the financial services provider's stock worth $57,000 after acquiring an additional 497 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company's stock.

Webster Financial Stock Up 0.6%

NYSE:WBS opened at $69.04 on Wednesday. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 11.68 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. The stock's fifty day moving average price is $68.22 and its two-hundred day moving average price is $62.85. Webster Financial Corporation has a 52-week low of $39.43 and a 52-week high of $74.00.

Webster Financial (NYSE:WBS - Get Free Report) last released its earnings results on Friday, January 23rd. The financial services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.52 by $0.07. Webster Financial had a return on equity of 11.10% and a net margin of 22.67%.The company had revenue of $760.48 million during the quarter, compared to analysts' expectations of $731.95 million. During the same period last year, the firm earned $1.43 EPS. On average, analysts anticipate that Webster Financial Corporation will post 5.88 EPS for the current year.

Webster Financial Dividend Announcement

The firm also recently announced 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 was Monday, February 9th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. Webster Financial's dividend payout ratio is presently 27.07%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WBS. Raymond James Financial cut Webster Financial from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 11th. TD Cowen lowered Webster Financial from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 4th. Keefe, Bruyette & Woods increased their target price on Webster Financial from $77.00 to $79.00 and gave the stock an "outperform" rating in a report on Monday, March 2nd. Royal Bank Of Canada cut Webster Financial from a "moderate buy" rating to a "hold" rating and set a $75.00 price target for the company. in a report on Wednesday, February 4th. Finally, Stephens reiterated an "equal weight" rating and set a $73.00 price target on shares of Webster Financial in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $74.50.

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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