Savant Capital LLC Sells 33,659 Shares of Webster Financial Corporation $WBS

Savant Capital LLC trimmed its holdings in shares of Webster Financial Corporation (NYSE:WBS) by 81.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,825 shares of the financial services provider’s stock after selling 33,659 shares during the quarter. Savant Capital LLC’s holdings in Webster Financial were worth $493,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WBS. Alyeska Investment Group L.P. grew its position in Webster Financial by 7,442.8% during the third quarter. Alyeska Investment Group L.P. now owns 2,032,937 shares of the financial services provider’s stock valued at $120,838,000 after buying an additional 2,005,985 shares during the period. 140 Summer Partners LP bought a new stake in Webster Financial during the third quarter valued at approximately $75,465,000. AQR Capital Management LLC grew its position in Webster Financial by 221.0% during the second quarter. AQR Capital Management LLC now owns 1,565,623 shares of the financial services provider’s stock valued at $85,483,000 after buying an additional 1,077,819 shares during the period. Artemis Investment Management LLP bought a new stake in Webster Financial during the fourth quarter valued at approximately $56,253,000. Finally, Bank of Montreal Can grew its position in Webster Financial by 65.2% during 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 during the period. 85.58% of the stock is currently owned by institutional investors.

Webster Financial Stock Performance

WBS opened at $72.95 on Friday. The firm has a market cap of $11.82 billion, a P/E ratio of 11.94 and a beta of 1.00. Webster Financial Corporation has a 1-year low of $50.66 and a 1-year high of $74.00. The company has a 50 day simple moving average of $71.69 and a two-hundred day simple moving average of $67.96. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.87.

Webster Financial (NYSE:WBS) last released its earnings results on Tuesday, April 28th. The financial services provider reported $1.57 EPS for the quarter, topping 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 firm had revenue of $764.05 million for the quarter, compared to the consensus estimate of $735.26 million. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts forecast that Webster Financial Corporation will post 6.59 earnings per share for the current fiscal year.

Webster Financial Announces Dividend

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

Analyst Ratings Changes

WBS has been the subject of several recent research reports. UBS Group initiated coverage on shares of Webster Financial in a research report on Tuesday, April 7th. They set a “neutral” rating and a $69.00 target price for the company. Citigroup lowered shares of Webster Financial from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a research report on Friday, February 13th. Raymond James Financial lowered shares of Webster Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Santander lowered shares of Webster Financial from a “neutral” rating to an “underweight” rating in a research report 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 research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.96.

About Webster Financial

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.