Strategic Value Bank Partners LLC Makes New Investment in Webster Financial Corporation $WBS

Key Points

• Strategic Value Bank Partners LLC has made a new investment in Webster Financial Corporation, acquiring 139,577 shares valued at approximately $7.62 million, which constitutes about 4.4% of its total holdings.
• Webster Financial recently reported earnings of $1.54 per share, surpassing estimates and reflecting a year-over-year growth from $1.34 per share, with revenues also exceeding expectations at $732.60 million.
• The company announced a quarterly dividend of $0.40 per share, representing a 2.9% yield, and its payout ratio stands at 29.80%.

Strategic Value Bank Partners LLC acquired a new position in shares of Webster Financial Corporation (NYSE:WBS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 139,577 shares of the financial services provider's stock, valued at approximately $7,621,000. Webster Financial accounts for about 4.4% of Strategic Value Bank Partners LLC's holdings, making the stock its 9th biggest holding. Strategic Value Bank Partners LLC owned 0.08% of Webster Financial as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its stake in Webster Financial by 4.5% during the second quarter. Perigon Wealth Management LLC now owns 4,348 shares of the financial services provider's stock worth $237,000 after buying an additional 189 shares during the period. PenderFund Capital Management Ltd. boosted its stake in Webster Financial by 4.0% during the first quarter. PenderFund Capital Management Ltd. now owns 5,578 shares of the financial services provider's stock worth $288,000 after buying an additional 215 shares during the period. Beverly Hills Private Wealth LLC boosted its stake in Webster Financial by 4.5% during the first quarter. Beverly Hills Private Wealth LLC now owns 6,058 shares of the financial services provider's stock worth $312,000 after buying an additional 262 shares during the period. Allworth Financial LP lifted its position in shares of Webster Financial by 43.7% during the first quarter. Allworth Financial LP now owns 941 shares of the financial services provider's stock worth $45,000 after purchasing an additional 286 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Webster Financial by 26.1% during the first quarter. First Horizon Advisors Inc. now owns 1,486 shares of the financial services provider's stock worth $77,000 after purchasing an additional 308 shares during the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Webster Financial news, CAO Elzbieta Cieslik sold 2,000 shares of Webster Financial stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $61.58, for a total value of $123,160.00. Following the transaction, the chief accounting officer owned 14,894 shares in the company, valued at $917,172.52. The trade was a 11.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Mi Griffin sold 807 shares of Webster Financial stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $62.14, for a total value of $50,146.98. Following the completion of the transaction, the insider owned 12,556 shares in the company, valued at $780,229.84. This trade represents a 6.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,630 shares of company stock worth $1,694,449 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

Webster Financial Stock Performance

WBS stock opened at $54.97 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50-day moving average price of $59.82 and a 200 day moving average price of $55.13. The company has a market capitalization of $9.14 billion, a P/E ratio of 10.24, a PEG ratio of 0.48 and a beta of 1.05. Webster Financial Corporation has a 1-year low of $39.43 and a 1-year high of $63.99.

Webster Financial (NYSE:WBS - Get Free Report) last released its quarterly earnings data on Friday, October 17th. The financial services provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.02. The firm had revenue of $732.60 million during the quarter, compared to the consensus estimate of $725.22 million. Webster Financial had a return on equity of 11.07% and a net margin of 21.32%.During the same period in the previous year, the company posted $1.34 earnings per share. As a group, equities research analysts forecast that Webster Financial Corporation will post 5.88 EPS for the current fiscal year.

Webster Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Monday, August 11th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, August 11th. Webster Financial's payout ratio is 29.80%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WBS. Raymond James Financial reiterated an "outperform" rating and set a $65.00 target price (down from $68.00) on shares of Webster Financial in a research report on Monday. UBS Group reiterated a "buy" rating and set a $69.00 target price on shares of Webster Financial in a research report on Wednesday, July 9th. Citigroup lifted their target price on Webster Financial from $65.00 to $71.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Morgan Stanley lifted their target price on Webster Financial from $64.00 to $77.00 and gave the stock an "underperform" rating in a research report on Monday, September 29th. Finally, Barclays reiterated an "overweight" rating and set a $78.00 target price on shares of Webster Financial in a research report on Wednesday, October 8th. Fourteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.69.

Webster Financial Company 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.

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