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WBS Webster Financial

Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. With $32.6 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 155 banking centers and 297 ATMs. Webster also provides mobile and online banking. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. Webster Bank is a member of the FDIC and an equal housing lender.

Company profile

Ticker
WBS, WBS-PF
Exchange
CEO
John Ciulla
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
61187536

WBS stock data

(
)

Calendar

6 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 May 21 John R Ciulla Common Stock Grant Aquire A No No 0 14,394 0 119,736
4 May 21 Glenn I MacInnes Common Stock Grant Aquire A No No 0 4,727 0 132,686
4 May 21 Christopher J Motl Common Stock Grant Aquire A No No 0 4,487 0 38,626
4 May 21 Charles L Wilkins Common Stock Grant Aquire A No No 0 3,417 0 29,082
4 May 21 Daniel Bley Common Stock Grant Aquire A No No 0 2,485 0 21,865

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

86.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 296 274 +8.0%
Opened positions 51 54 -5.6%
Closed positions 29 32 -9.4%
Increased positions 88 70 +25.7%
Reduced positions 105 105
13F shares
Current Prev Q Change
Total value 5.88B 4.6B +27.7%
Total shares 78.69M 77.93M +1.0%
Total puts 49.7K 74.6K -33.4%
Total calls 145.1K 58.4K +148.5%
Total put/call ratio 0.3 1.3 -73.2%
Largest owners
Shares Value Change
TROW T. Rowe Price 11.4M $628.3M -9.5%
Vanguard 8.45M $465.67M +0.6%
BLK Blackrock 8.14M $448.35M +5.7%
STT State Street 3.91M $215.21M +35.0%
Wasatch Advisors 3.85M $212.25M +26.1%
MCQEF Macquarie 3.56M $195.97M -1.5%
Alliancebernstein 3.2M $176.16M -3.1%
BK Bank Of New York Mellon 2.42M $133.16M -0.4%
PZN Pzena Investment Management 2.4M $132.54M -10.3%
Wellington Management 1.9M $104.69M +731.6%
Largest transactions
Shares Bought/sold Change
Wellington Management 1.9M +1.67M +731.6%
Norges Bank 0 -1.21M EXIT
TROW T. Rowe Price 11.4M -1.19M -9.5%
STT State Street 3.91M +1.01M +35.0%
Cramer Rosenthal MCGLYNN 863.82K +863.82K NEW
Wasatch Advisors 3.85M +796.34K +26.1%
Arrowstreet Capital, Limited Partnership 0 -439.85K EXIT
BLK Blackrock 8.14M +439.4K +5.7%
Holocene Advisors 413.39K +413.39K NEW
Citadel Advisors 28.04K -308.9K -91.7%

Financial report summary

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Risks
  • Webster may not be able to complete the merger with Sterling, as the completion is contingent upon the satisfaction of a number of conditions, some of which are beyond both Webster's and Sterling's control.
  • While the merger is pending, Webster will be subject to business uncertainties and contractual restrictions that could adversely affect its business and operations.
  • Webster may fail to realize the anticipated benefits of the merger, or those benefits may take longer to realize than expected. Further, following the completion of the merger, Webster may also encounter significant difficulties in integrating with Sterling and its results could suffer if the Company does not effectively manage its operations.
  • Webster is expected to incur substantial expenses related to the merger and integration with Sterling.
Management Discussion
  • The non-GAAP financial measures identified in the preceding table provide both management and investors with information useful in understanding the Company's financial position, operating results, strength of its capital position, and overall business performance. These measures are used by management for internal planning and forecasting purposes, as well as by securities analysts, investors, and other interested parties to assess peer company operating performance. Management believes that this presentation, together with the accompanying reconciliations, provides a complete understanding of the factors and trends affecting the Company's business and allows investors to view its performance in a similar manner.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Bad
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