Capital International Investors Purchases 89,723 Shares of Webster Financial Corporation $WBS

Capital International Investors raised its position in shares of Webster Financial Corporation (NYSE:WBS) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,160,605 shares of the financial services provider’s stock after purchasing an additional 89,723 shares during the period. Capital International Investors owned approximately 2.50% of Webster Financial worth $247,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WBS. Dimensional Fund Advisors LP increased its stake in shares of Webster Financial by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,812,965 shares of the financial services provider’s stock valued at $464,402,000 after purchasing an additional 189,399 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Webster Financial by 4.9% during the 2nd quarter. Invesco Ltd. now owns 5,296,071 shares of the financial services provider’s stock worth $289,165,000 after buying an additional 246,774 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Webster Financial by 14.5% during the 2nd quarter. American Century Companies Inc. now owns 3,453,778 shares of the financial services provider’s stock worth $188,576,000 after buying an additional 438,131 shares during the last quarter. Norges Bank acquired a new stake in Webster Financial in the second quarter valued at about $131,780,000. Finally, Bank of Montreal Can boosted its stake in Webster Financial by 65.2% in the third quarter. Bank of Montreal Can now owns 2,070,013 shares of the financial services provider’s stock valued at $123,042,000 after buying an additional 817,218 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors.

Webster Financial Stock Performance

NYSE:WBS opened at $68.77 on Thursday. The stock’s 50-day moving average is $68.34 and its 200-day moving average is $62.90. Webster Financial Corporation has a 1-year low of $39.43 and a 1-year high of $74.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. The stock has a market cap of $11.09 billion, a P/E ratio of 11.64 and a beta of 1.03.

Webster Financial (NYSE:WBS) last issued its quarterly earnings data on Friday, January 23rd. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.07. Webster Financial had a net margin of 22.67% and a return on equity of 11.10%. The business had revenue of $760.48 million during the quarter, compared to analyst estimates of $731.95 million. During the same quarter last year, the business earned $1.43 EPS. Equities research analysts anticipate that Webster Financial Corporation will post 5.88 earnings per share for the current year.

Webster Financial Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. Webster Financial’s dividend payout ratio (DPR) is presently 27.07%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WBS. Truist Financial downgraded Webster Financial from a “buy” rating to a “hold” rating and set a $74.00 target price for the company. in a research note on Wednesday, February 4th. UBS Group downgraded shares of Webster Financial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $77.00 to $75.00 in a research note on Thursday, February 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Webster Financial in a research report on Monday, December 29th. Santander downgraded shares of Webster Financial from a “neutral” rating to an “underweight” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company upgraded shares of Webster Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.50.

Webster Financial Company 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.