Maven Securities LTD Buys 82,520 Shares of Webster Financial Corporation $WBS

Maven Securities LTD lifted its stake in Webster Financial Corporation (NYSE:WBS) by 133.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,277 shares of the financial services provider’s stock after acquiring an additional 82,520 shares during the period. Maven Securities LTD owned 0.09% of Webster Financial worth $11,026,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WBS. Corient Private Wealth LP grew its position in shares of Webster Financial by 1.4% in the 2nd quarter. Corient Private Wealth LP now owns 10,622 shares of the financial services provider’s stock worth $812,000 after buying an additional 151 shares during the last quarter. IFP Advisors Inc increased its position in shares of Webster Financial by 22.3% in the 2nd quarter. IFP Advisors Inc now owns 986 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 180 shares during the period. Curi Capital LLC grew its stake in Webster Financial by 0.3% during the 2nd quarter. Curi Capital LLC now owns 68,500 shares of the financial services provider’s stock valued at $3,740,000 after purchasing an additional 182 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in Webster Financial by 27.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 839 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 183 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Webster Financial by 0.4% in the second quarter. Arizona State Retirement System now owns 44,487 shares of the financial services provider’s stock valued at $3,400,000 after purchasing an additional 184 shares during the period. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Webster Financial Price Performance

Shares of WBS opened at $77.57 on Wednesday. The firm has a market cap of $12.57 billion, a P/E ratio of 12.61 and a beta of 1.01. Webster Financial Corporation has a 12 month low of $52.69 and a 12 month high of $79.74. The stock’s 50 day moving average is $77.32 and its two-hundred day moving average is $73.74. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.46.

Webster Financial (NYSE:WBS) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). Webster Financial had a return on equity of 11.23% and a net margin of 22.78%.The business had revenue of $769.23 million for the quarter, compared to analyst estimates of $755.80 million. During the same period in the previous year, the company earned $1.52 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Analysts predict 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, August 20th. Stockholders of record on Monday, August 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. Webster Financial’s payout ratio is currently 26.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Royal Bank Of Canada upped their target price on Webster Financial from $75.00 to $76.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 22nd. Barclays raised their price target on shares of Webster Financial from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Webster Financial in a research note on Friday, June 12th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $74.25.

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.