King Luther Capital Management Corp Has $6.78 Million Position in Webster Financial Corporation $WBS

King Luther Capital Management Corp lifted its position in shares of Webster Financial Corporation (NYSE:WBS) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,775 shares of the financial services provider’s stock after buying an additional 8,876 shares during the period. King Luther Capital Management Corp’s holdings in Webster Financial were worth $6,783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Clearstead Advisors LLC boosted its position in shares of Webster Financial by 122.5% during the fourth quarter. Clearstead Advisors LLC now owns 652 shares of the financial services provider’s stock worth $41,000 after buying an additional 359 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Webster Financial by 814.2% in the fourth quarter. Hantz Financial Services Inc. now owns 12,753 shares of the financial services provider’s stock worth $803,000 after purchasing an additional 11,358 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of Webster Financial by 0.3% in the fourth quarter. Systematic Financial Management LP now owns 1,017,797 shares of the financial services provider’s stock worth $64,060,000 after purchasing an additional 2,652 shares in the last quarter. Pinnbrook Capital Management LP lifted its position in shares of Webster Financial by 43.4% in the fourth quarter. Pinnbrook Capital Management LP now owns 54,380 shares of the financial services provider’s stock worth $3,423,000 after purchasing an additional 16,456 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of Webster Financial by 5,094.0% in the fourth quarter. Global Retirement Partners LLC now owns 5,194 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 5,094 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Webster Financial Price Performance

NYSE:WBS opened at $73.02 on Thursday. Webster Financial Corporation has a 1-year low of $50.24 and a 1-year high of $74.00. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $71.21 and a 200 day simple moving average of $67.31. The stock has a market capitalization of $11.83 billion, a PE ratio of 11.95 and a beta of 1.02.

Webster Financial (NYSE:WBS) last issued its earnings results on Tuesday, April 28th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.04. Webster Financial had a net margin of 22.95% and a return on equity of 11.31%. The business had revenue of $764.05 million during the quarter, compared to the consensus estimate of $735.26 million. During the same period last year, the business posted $1.30 EPS. Webster Financial’s revenue was up 4.4% on a year-over-year basis. On average, research analysts expect that Webster Financial Corporation will post 6.59 EPS for the current fiscal year.

Webster Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, May 11th. Webster Financial’s dividend payout ratio (DPR) is 26.19%.

Analyst Ratings Changes

A number of brokerages have recently commented on WBS. Jefferies Financial Group set a $75.00 price objective on shares of Webster Financial in a research report on Wednesday, February 4th. Keefe, Bruyette & Woods lowered their target price on Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Wells Fargo & Company raised Webster Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Truist Financial downgraded Webster Financial from a “buy” rating to a “hold” rating and set a $74.00 target price on the stock. in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada downgraded Webster Financial from a “moderate buy” rating to a “hold” rating and set a $75.00 target price on the stock. in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Webster Financial has a consensus rating of “Hold” and an average target price of $73.96.

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.