28,073 Shares in Webster Financial Corporation $WBS Bought by Kapitalo Investimentos Ltda

Key Points

• Kapitalo Investimentos Ltda acquired 28,073 shares of Webster Financial in the second quarter, valued at approximately $2.15 million. Institutional investors own 85.58% of the company.
• Analysts maintain a consensus “Hold” rating, with an average price target of $74.25; recent target changes ranged from $76.00 to $78.00.
• Webster Financial reported quarterly revenue of $769.23 million, above estimates, while EPS of $1.60 narrowly missed expectations. The company also paid a quarterly dividend of $0.40 per share, representing a 2.1% yield.

Kapitalo Investimentos Ltda acquired a new stake in Webster Financial Corporation (NYSE:WBS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,073 shares of the financial services provider's stock, valued at approximately $2,145,000.

Several other large investors have also bought and sold shares of the stock. BOKF NA bought a new stake in shares of Webster Financial in the 3rd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Webster Financial during the third quarter worth about $29,000. New England Capital Financial Advisors LLC raised its position in shares of Webster Financial by 246.8% during the first quarter. New England Capital Financial Advisors LLC now owns 437 shares of the financial services provider's stock worth $30,000 after acquiring an additional 311 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Webster Financial during the fourth quarter worth about $31,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Webster Financial in the third quarter worth approximately $33,000. 85.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on WBS. Royal Bank Of Canada increased their target price 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. Weiss Ratings restated a "buy (b)" rating on shares of Webster Financial in a research report on Friday, June 12th. Barclays upped 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. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Webster Financial from $79.00 to $77.50 and set an "outperform" rating for the company in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $74.25.

Webster Financial Stock Performance

NYSE WBS opened at $77.57 on Wednesday. The business has a 50 day simple moving average of $76.95 and a 200 day simple moving average of $73.37. Webster Financial Corporation has a one year low of $52.69 and a one year high of $79.74. The stock has a market capitalization of $12.57 billion, a P/E ratio of 12.61 and a beta of 1.01. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.87 and a quick ratio of 0.87.

Webster Financial (NYSE:WBS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.01). The business had revenue of $769.23 million during the quarter, compared to analyst estimates of $755.80 million. Webster Financial had a net margin of 22.78% and a return on equity of 11.23%. Webster Financial's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. Research analysts expect that Webster Financial Corporation will post 6.59 earnings per share for the current year.

Webster Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were paid a $0.40 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. Webster Financial's payout ratio is currently 26.02%.

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.

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