Interval Partners LP Has $16.31 Million Position in Webster Financial Corporation $WBS

Interval Partners LP raised its stake in shares of Webster Financial Corporation (NYSE:WBS) by 78.4% in the third quarter, Holdings Channel reports. The fund owned 274,458 shares of the financial services provider’s stock after acquiring an additional 120,629 shares during the period. Interval Partners LP’s holdings in Webster Financial were worth $16,314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Curi Capital LLC grew its holdings in shares of Webster Financial by 0.3% in the 2nd quarter. Curi Capital LLC now owns 68,500 shares of the financial services provider’s stock worth $3,740,000 after purchasing an additional 182 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Webster Financial by 27.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 839 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 183 shares during the last quarter. Journey Strategic Wealth LLC boosted its position in Webster Financial by 3.2% in the second quarter. Journey Strategic Wealth LLC now owns 6,747 shares of the financial services provider’s stock valued at $368,000 after buying an additional 210 shares in the last quarter. Wedmont Private Capital boosted its position in Webster Financial by 2.9% in the third quarter. Wedmont Private Capital now owns 7,548 shares of the financial services provider’s stock valued at $454,000 after buying an additional 215 shares in the last quarter. Finally, F m Investments LLC grew its stake in Webster Financial by 2.8% during the second quarter. F m Investments LLC now owns 8,243 shares of the financial services provider’s stock worth $450,000 after buying an additional 222 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Webster Financial Price Performance

Shares of WBS stock opened at $67.26 on Friday. Webster Financial Corporation has a 1 year low of $39.43 and a 1 year high of $74.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average is $68.51 and its 200-day moving average is $62.97. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 11.38 and a beta of 1.03.

Webster Financial (NYSE:WBS) last issued its quarterly earnings results on Friday, January 23rd. The financial services provider reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.07. Webster Financial had a net margin of 22.67% and a return on equity of 11.10%. The business had revenue of $760.48 million during the quarter, compared to analyst estimates of $731.95 million. During the same quarter last year, the business posted $1.43 earnings per share. Sell-side analysts forecast that Webster Financial Corporation will post 5.88 EPS for the current fiscal year.

Webster Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Monday, February 9th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, February 9th. Webster Financial’s dividend payout ratio (DPR) is 27.07%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Webster Financial in a report on Monday, December 29th. Citigroup lowered Webster Financial from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research report on Friday, February 13th. Barclays set a $75.00 price target on Webster Financial in a report on Wednesday, February 4th. Raymond James Financial downgraded Webster Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Morgan Stanley reduced their price objective on Webster Financial from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $74.50.

About Webster Financial

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.