Vise Technologies Inc. Acquires Shares of 8,514 Webster Financial Corporation $WBS

Vise Technologies Inc. acquired a new stake in Webster Financial Corporation (NYSE:WBS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,514 shares of the financial services provider’s stock, valued at approximately $651,000.

Several other institutional investors have also modified their holdings of WBS. BOKF NA purchased a new stake in Webster Financial during the 3rd quarter worth about $26,000. New England Capital Financial Advisors LLC increased its holdings in shares of Webster Financial by 246.8% in the 1st quarter. New England Capital Financial Advisors LLC now owns 437 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 311 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Webster Financial in the 3rd quarter valued at about $29,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Webster Financial during the 4th quarter worth about $31,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Webster Financial during the 3rd quarter worth about $33,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WBS. Weiss Ratings restated a “buy (b)” rating on shares of Webster Financial in a research note on Friday, June 12th. Royal Bank Of Canada increased their price target on shares of Webster Financial from $75.00 to $76.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods cut their price objective on shares of Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a report on Friday, May 1st. Finally, Barclays boosted their price objective 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. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned 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 $74.25.

Webster Financial Stock Performance

Shares of WBS stock opened at $77.57 on Monday. The stock’s 50-day moving average is $76.83 and its two-hundred day moving average is $73.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.87 and a current ratio of 0.87. Webster Financial Corporation has a 1 year low of $52.69 and a 1 year high of $79.74. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 12.61 and a beta of 1.01.

Webster Financial (NYSE:WBS) last posted 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). The firm had revenue of $769.23 million during the quarter, compared to analysts’ expectations of $755.80 million. Webster Financial had a net margin of 22.78% and a return on equity of 11.23%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. Analysts predict that Webster Financial Corporation will post 6.59 earnings per share for the current year.

Webster Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.60 annualized dividend and a yield of 2.1%. Webster Financial’s payout ratio is 26.02%.

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.