Webster Financial Corp (NYSE:WBS)

CAPS Rating: 5 out of 5

The Company, through its non-banking financial services subsidiaries, delivers financial services to individuals, families & businesses; equipment financing, asset-based lending, residential & commercial mortgage origination & insurance premium financing.

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Member Avatar TMFDeej (99.27) Submitted: 3/6/2015 2:19:28 PM : Outperform Start Price: $35.03 WBS Score: +5.88

Here's an interesting idea courtesy of Kerrsdale Capital by any of Harvest.

Webster Financial (WBS) is a mid-sized regional bank holding an undiscovered multi-billion-dollar asset. On the surface, Webster is just another depository, albeit one with leading market share in Connecticut and surrounding areas. Despite consistently strong performance, including positive operating leverage and robust loan growth, Webster trades in line with its less impressive peers at 15x consensus 2015 earnings. Simply based on traditional banking metrics, Webster’s valuation is too cheap. But what truly makes Webster special is its HSA Bank unit, which, in the wake of its recently closed acquisition of a similar operation from JPMorgan, is now the nation’s largest provider of health savings accounts. These HSAs – tax-advantaged deposits tied to high-deductible health plans and used to pay for a wide range of qualified medical expenses – have exploded in popularity as employers and policy-makers search for ways to restrain health spending. HSA Bank has been at the forefront of this trend, growing its deposits organically at a 29% CAGR since 2005; today, with more than $4 billion under management and approximately 15% market share in a sector that is forecast to more than triple in size over the next several years, HSA Bank is poised for even greater success.

Webster Financial (WBS) -- Healthy Bank with a Hidden Gem: 34% Upside and a Potential Spin-Off

https://www.hvst.com/posts/37206?utm_content=newsletter&utm_campaign=weekly&utm_source=sendgrid&utm_medium=email

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Member Avatar brynmawr54 (< 20) Submitted: 1/24/2011 5:37:47 PM : Underperform Start Price: $20.92 WBS Score: -15.49

Webster Bank is substanitally controlled by its largest share holder, a private equity fund that receives special benefits. It has not shown an ability to earn income from its core activity, lending, instead, its profits derive primarily from the recharacterization of assets and the reduction in loss reserves. Pending changes in Accounting rules can have a dramatic impact on the standing and the value of this bank.

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Member Avatar 124C (< 20) Submitted: 1/27/2010 1:23:06 PM : Outperform Start Price: $14.10 WBS Score: +67.78

strong management

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Member Avatar RLAprof (< 20) Submitted: 1/4/2010 10:18:18 PM : Outperform Start Price: $11.39 WBS Score: +133.22

Big money coming into a regional bank, and announcements of a large amount of loans to small- and medium-sized business.

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Member Avatar Paramnesia1930 (28.24) Submitted: 8/18/2009 12:26:26 AM : Underperform Start Price: $10.24 WBS Score: -140.91

Excluding the 19 biggest banks that underwent the stress test, banks with nonperforming loans above 5% had combined deposits of $193 billion, according to Bloomberg data.

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Member Avatar lilt7187 (93.31) Submitted: 4/16/2009 10:20:32 PM : Outperform Start Price: $5.46 WBS Score: +407.81

$5 a share

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Member Avatar MViscio1 (99.78) Submitted: 10/23/2008 2:12:06 PM : Outperform Start Price: $15.02 WBS Score: +1.47

WEBSTER BANK GOOD BANK

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Member Avatar badmanner (97.22) Submitted: 10/8/2008 10:09:32 AM : Outperform Start Price: $17.83 WBS Score: -1.15

rally picks

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Member Avatar alkamist81 (< 20) Submitted: 4/9/2008 8:03:37 PM : Outperform Start Price: $24.31 WBS Score: -5.46

In anticipation of the eventual rebound of the financial sector. A little early for bottom feeding, but I am just indiscriminately putting all stocks that are tagged S&L.

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