Deutsche Bank AG Makes New $58.03 Million Investment in Webster Financial Corporation $WBS

Deutsche Bank AG acquired a new stake in shares of Webster Financial Corporation (NYSE:WBSFree Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 759,307 shares of the financial services provider’s stock, valued at approximately $58,026,000. Deutsche Bank AG owned approximately 0.47% of Webster Financial as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Webster Financial by 39.7% during the fourth quarter. Farther Finance Advisors LLC now owns 560 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 159 shares in the last quarter. Curi Capital LLC lifted its position in Webster Financial by 0.3% during the second quarter. Curi Capital LLC now owns 68,500 shares of the financial services provider’s stock valued at $3,740,000 after buying an additional 182 shares during the period. Brown Brothers Harriman & Co. lifted its position in Webster Financial by 27.9% during the third quarter. Brown Brothers Harriman & Co. now owns 839 shares of the financial services provider’s stock valued at $50,000 after buying an additional 183 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Webster Financial by 37.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 674 shares of the financial services provider’s stock valued at $42,000 after buying an additional 185 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Webster Financial by 2.9% during the 4th quarter. Kestra Advisory Services LLC now owns 6,533 shares of the financial services provider’s stock valued at $411,000 after buying an additional 187 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WBS shares. Barclays increased 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 note on Monday, August 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. Royal Bank Of Canada raised their target price 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. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Webster Financial from $79.00 to $77.50 and set an “outperform” rating for the company in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Webster Financial presently has a consensus rating of “Hold” and a consensus price target of $74.25.

Get Our Latest Analysis on Webster Financial

Webster Financial Stock Up 0.3%

Shares of Webster Financial stock opened at $77.80 on Friday. The company has a 50-day simple moving average of $76.75 and a two-hundred day simple moving average of $73.21. The stock has a market capitalization of $12.61 billion, a PE ratio of 12.65 and a beta of 1.01. Webster Financial Corporation has a 52-week low of $52.69 and a 52-week high of $79.74. 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 (NYSE:WBSGet Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The firm had revenue of $769.23 million for 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 company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 EPS. On average, analysts anticipate that Webster Financial Corporation will post 6.59 EPS for the current fiscal year.

Webster Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were given a $0.40 dividend. 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 dividend payout ratio is 26.02%.

Webster Financial Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Webster Financial (NYSE:WBS)

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