Kapitalo Investimentos Ltda Buys New Holdings in Webster Financial Corporation $WBS

Kapitalo Investimentos Ltda purchased a new position in shares of Webster Financial Corporation (NYSE:WBS) during the second quarter, HoldingsChannel reports. The firm purchased 28,073 shares of the financial services provider’s stock, valued at approximately $2,145,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WBS. Artemis Investment Management LLP acquired a new position in shares of Webster Financial during the fourth quarter worth approximately $56,253,000. Patriot Financial Group Insurance Agency LLC grew its position in Webster Financial by 95.4% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 33,038 shares of the financial services provider’s stock valued at $2,294,000 after purchasing an additional 16,132 shares during the period. Whitebox Advisors LLC acquired a new stake in Webster Financial in the 1st quarter valued at $133,634,000. EP Wealth Advisors LLC bought a new stake in Webster Financial during the 2nd quarter valued at $747,000. Finally, Principal Financial Group Inc. increased its stake in Webster Financial by 43.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,171,369 shares of the financial services provider’s stock valued at $73,726,000 after purchasing an additional 356,144 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

Webster Financial Stock Performance

NYSE WBS opened at $77.57 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $76.95 and a 200 day simple moving average of $73.37. Webster Financial Corporation has a 12 month low of $52.69 and a 12 month high of $79.74. The firm has a market capitalization of $12.57 billion, a P/E ratio of 12.61 and a beta of 1.01.

Webster Financial (NYSE:WBS) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). Webster Financial had a return on equity of 11.23% and a net margin of 22.78%.The firm had revenue of $769.23 million for the quarter, compared to analysts’ expectations of $755.80 million. During the same period in the prior year, the firm earned $1.52 earnings per share. Webster Financial’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that Webster Financial Corporation will post 6.59 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, August 10th. Webster Financial’s dividend payout ratio (DPR) is presently 26.02%.

Wall Street Analyst Weigh In

WBS has been the topic of a number of recent research reports. Barclays raised their price objective on shares of Webster Financial from $75.00 to $78.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods lowered their target price on shares of Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Webster Financial in a research report on Friday, June 12th. Finally, Royal Bank Of Canada raised their price target on shares of Webster Financial from $75.00 to $76.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $74.25.

Webster Financial Company Profile

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.