Maven Securities LTD Takes Position in Webster Financial Co. (NYSE:WBS)

Maven Securities LTD acquired a new position in Webster Financial Co. (NYSE:WBS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,900 shares of the financial services provider’s stock, valued at approximately $388,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WBS. BNP Paribas Financial Markets grew its stake in shares of Webster Financial by 156.5% during the first quarter. BNP Paribas Financial Markets now owns 96,052 shares of the financial services provider’s stock worth $4,877,000 after purchasing an additional 58,602 shares during the period. Sound Income Strategies LLC increased its stake in shares of Webster Financial by 1,859.1% in the 2nd quarter. Sound Income Strategies LLC now owns 15,692 shares of the financial services provider’s stock valued at $684,000 after acquiring an additional 14,891 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in Webster Financial in the first quarter valued at approximately $3,529,000. Groupama Asset Managment bought a new position in shares of Webster Financial during the fourth quarter worth $20,471,000. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Webster Financial by 28.9% in the 1st quarter. TimesSquare Capital Management LLC now owns 94,670 shares of the financial services provider’s stock valued at $4,806,000 after buying an additional 21,245 shares during the period. 85.58% of the stock is owned by institutional investors.

Webster Financial Stock Down 1.2 %

NYSE:WBS opened at $44.33 on Thursday. Webster Financial Co. has a twelve month low of $36.36 and a twelve month high of $53.39. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 0.69 and a beta of 1.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average price is $45.84 and its two-hundred day moving average price is $45.50.

Webster Financial (NYSE:WBS) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.08). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $671.91 million. Webster Financial had a net margin of 19.81% and a return on equity of 11.81%. During the same quarter in the prior year, the business earned $1.50 EPS. Equities research analysts expect that Webster Financial Co. will post 5.26 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Monday, July 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Monday, July 29th. Webster Financial’s dividend payout ratio (DPR) is presently 32.79%.

Insider Buying and Selling at Webster Financial

In related news, CEO John R. Ciulla sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $48.04, for a total transaction of $384,320.00. Following the transaction, the chief executive officer now directly owns 237,049 shares of the company’s stock, valued at approximately $11,387,833.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Jason A. Soto sold 1,650 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $46.32, for a total transaction of $76,428.00. Following the completion of the sale, the insider now owns 20,539 shares in the company, valued at $951,366.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John R. Ciulla sold 8,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $48.04, for a total value of $384,320.00. Following the completion of the sale, the chief executive officer now owns 237,049 shares of the company’s stock, valued at $11,387,833.96. The disclosure for this sale can be found here. Insiders have sold 14,650 shares of company stock worth $706,098 over the last 90 days. Company insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods lowered their price target on Webster Financial from $58.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada cut their price target on shares of Webster Financial from $54.00 to $51.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price objective on shares of Webster Financial from $63.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Jefferies Financial Group reduced their target price on shares of Webster Financial from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Finally, Barclays dropped their price target on Webster Financial from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, June 24th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Webster Financial has a consensus rating of “Moderate Buy” and an average price target of $55.09.

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.