Pzena Investment Management LLC Cuts Stake in Webster Financial Corporation $WBS

Posted by George Bondi on Jul 2nd, 2026

Pzena Investment Management LLC cut its stake in Webster Financial Corporation (NYSE:WBS – Free Report) by 75.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 409,207 shares of the financial services provider’s stock after selling 1,243,364 shares during the period. Pzena Investment Management LLC owned approximately 0.25% of Webster Financial worth $28,407,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. BOKF NA acquired a new position in shares of Webster Financial in the 3rd quarter valued at $26,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Webster Financial during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Webster Financial during the 3rd quarter worth $29,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Webster Financial during the 4th quarter worth $31,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Webster Financial in the 3rd quarter worth $33,000. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WBS has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. Wells Fargo & Company upgraded Webster Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Keefe, Bruyette & Woods cut their price objective on Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a report on Friday, May 1st. Finally, UBS Group started coverage on Webster Financial in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $69.00 price objective on the stock. Four 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 an average target price of $73.96.

Read Our Latest Analysis on Webster Financial

Webster Financial Stock Up 0.3%

Shares of NYSE WBS opened at $76.63 on Thursday. The stock has a fifty day moving average price of $73.18 and a 200 day moving average price of $69.95. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. Webster Financial Corporation has a 12-month low of $52.69 and a 12-month high of $76.77. The company has a market cap of $12.42 billion, a P/E ratio of 12.54 and a beta of 1.00.

Webster Financial (NYSE:WBS – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. Webster Financial had a return on equity of 11.31% and a net margin of 22.95%.The company had revenue of $764.05 million for the quarter, compared to analysts’ expectations of $735.26 million. During the same quarter in the previous year, the firm posted $1.30 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts anticipate that Webster Financial Corporation will post 6.59 EPS for the current fiscal year.

Webster Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, May 11th. Webster Financial’s dividend payout ratio is currently 26.19%.

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.