140 Summer Partners LP Buys New Holdings in Webster Financial Corporation $WBS

140 Summer Partners LP purchased a new position in shares of Webster Financial Corporation (NYSE:WBS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,269,592 shares of the financial services provider’s stock, valued at approximately $75,465,000. Webster Financial comprises approximately 6.6% of 140 Summer Partners LP’s portfolio, making the stock its 5th biggest holding. 140 Summer Partners LP owned approximately 0.79% of Webster Financial as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Webster Financial by 2.5% in the third 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. grew its holdings in shares of Webster Financial by 1.2% in the third quarter. Invesco Ltd. now owns 5,359,474 shares of the financial services provider’s stock worth $318,567,000 after purchasing an additional 63,403 shares during the last quarter. Capital International Investors grew its holdings in shares of Webster Financial by 2.2% in the third quarter. Capital International Investors now owns 4,160,605 shares of the financial services provider’s stock worth $247,340,000 after purchasing an additional 89,723 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Webster Financial by 14.5% in the second 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 period. Finally, Norges Bank purchased a new position in shares of Webster Financial in the second quarter worth $131,780,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WBS shares. Jefferies Financial Group set a $75.00 price target on shares of Webster Financial in a research report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price objective on shares of Webster Financial from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. Santander downgraded shares of Webster Financial from a “neutral” rating to an “underweight” rating in a research note on Tuesday, March 3rd. Stephens reiterated an “equal weight” rating and set a $73.00 target price on shares of Webster Financial in a report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Webster Financial in a research note on Monday, December 29th. Four equities research 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. Based on data from MarketBeat, Webster Financial currently has a consensus rating of “Hold” and a consensus price target of $74.50.

Webster Financial Stock Down 0.9%

Shares of NYSE WBS opened at $67.26 on Friday. The firm has a fifty day simple moving average of $68.51 and a two-hundred day simple moving average of $62.98. Webster Financial Corporation has a 12 month low of $39.43 and a 12 month 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 firm has a market capitalization of $10.84 billion, a PE ratio of 11.38 and a beta of 1.03.

Webster Financial (NYSE:WBS) last announced its earnings results on Friday, January 23rd. The financial services provider reported $1.59 earnings per share 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 firm had revenue of $760.48 million for the quarter, compared to analyst estimates of $731.95 million. During the same quarter in the previous year, the firm posted $1.43 EPS. Equities analysts expect that Webster Financial Corporation will post 5.88 earnings per share for the current year.

Webster Financial Dividend Announcement

The company also recently disclosed 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. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, February 9th. Webster Financial’s payout ratio is presently 27.07%.

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.