Compass Wealth Management LLC Makes New $5.74 Million Investment in Webster Financial Corporation $WBS

Compass Wealth Management LLC purchased a new stake in Webster Financial Corporation (NYSE:WBS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 96,518 shares of the financial services provider’s stock, valued at approximately $5,737,000. Compass Wealth Management LLC owned approximately 0.06% of Webster Financial at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WBS. Root Financial Partners LLC bought a new stake in Webster Financial in the 3rd quarter valued at about $29,000. Wilmington Savings Fund Society FSB acquired a new stake in Webster Financial in the third quarter valued at approximately $33,000. Parkside Financial Bank & Trust increased its holdings in shares of Webster Financial by 56.1% during 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 in the last quarter. Quent Capital LLC acquired a new position in shares of Webster Financial during the third quarter worth approximately $47,000. Finally, Hantz Financial Services Inc. raised its position in shares of Webster Financial by 50.3% during the second quarter. Hantz Financial Services Inc. now owns 899 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 301 shares during the period. Institutional investors own 85.58% of the company’s stock.

Webster Financial Trading Down 0.4%

NYSE:WBS opened at $72.16 on Friday. Webster Financial Corporation has a 52 week low of $39.43 and a 52 week high of $73.87. The firm has a 50-day moving average price of $66.46 and a two-hundred day moving average price of $61.56. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 12.21 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86.

Webster Financial (NYSE:WBS) 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 company had revenue of $760.48 million during the quarter, compared to the consensus estimate of $731.95 million. Webster Financial had a return on equity of 11.10% and a net margin of 22.67%.During the same period last year, the business posted $1.43 earnings per share. On average, equities analysts expect that Webster Financial Corporation will post 5.88 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Santander lowered shares of Webster Financial to a “hold” rating in a research note on Wednesday, February 4th. Truist Financial downgraded shares of Webster Financial from a “buy” rating to a “hold” rating and set a $74.00 target price for the company. in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Webster Financial in a research report on Monday, December 29th. Keefe, Bruyette & Woods lifted their price target on Webster Financial from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, UBS Group downgraded Webster Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $77.00 to $75.00 in a research note on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Webster Financial has an average rating of “Hold” and an average price target of $74.36.

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.