Webster FinancialWBS
Market Cap: $7.45B
About: Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania. The company's segment includes Commercial Banking, HSA Bank, and Consumer Banking. It generates maximum revenue from the Commercial Banking segment.
Employees: 4,261
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1.41% less ownership
Funds ownership: 87.02% [Q1] → 85.6% (-1.41%) [Q2]
3% less funds holding
Funds holding: 458 [Q1] → 443 (-15) [Q2]
13% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 7 (-1) [Q2]
16% less capital invested
Capital invested by funds: $7.58B [Q1] → $6.4B (-$1.18B) [Q2]
17% less repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 175
20% less first-time investments, than exits
New positions opened: 59 | Existing positions closed: 74
37% less call options, than puts
Call options by funds: $7.07M | Put options by funds: $11.3M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Morgan Stanley Manan Gosalia 73% 1-year accuracy 16 / 22 met price target | 31%upside $57 | Equal-Weight Downgraded | 5 Aug 2024 |
RBC Capital Jon Arfstrom 78% 1-year accuracy 40 / 51 met price target | 17%upside $51 | Outperform Maintained | 24 Jul 2024 |
Keefe, Bruyette & Woods Christopher Mcgratty 67% 1-year accuracy 10 / 15 met price target | 26%upside $55 | Outperform Maintained | 9 Jul 2024 |
Jefferies Ken Usdin 93% 1-year accuracy 13 / 14 met price target | 17%upside $51 | Buy Maintained | 3 Jul 2024 |
JP Morgan Steven Alexopoulos 73% 1-year accuracy 37 / 51 met price target | 33%upside $58 | Overweight Maintained | 27 Jun 2024 |