Capula Management Ltd Buys New Stake in Webster Financial Corporation $WBS

Capula Management Ltd purchased a new position in shares of Webster Financial Corporation (NYSE:WBS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 145,990 shares of the financial services provider’s stock, valued at approximately $10,135,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in shares of Webster Financial by 39.7% in the fourth quarter. Farther Finance Advisors LLC now owns 560 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 159 shares during the period. Curi Capital LLC boosted its stake in shares of Webster Financial by 0.3% during the 2nd quarter. Curi Capital LLC now owns 68,500 shares of the financial services provider’s stock worth $3,740,000 after acquiring an additional 182 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of 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 acquiring an additional 183 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Webster Financial by 37.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 674 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 185 shares during the period. Finally, Kestra Advisory Services LLC increased its stake in shares of Webster Financial by 2.9% in the 4th quarter. Kestra Advisory Services LLC now owns 6,533 shares of the financial services provider’s stock valued at $411,000 after purchasing an additional 187 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Webster Financial Stock Down 1.5%

WBS opened at $75.44 on Friday. The company has a market cap of $12.22 billion, a PE ratio of 12.27 and a beta of 1.00. Webster Financial Corporation has a twelve month low of $52.69 and a twelve month high of $77.69. The company has a 50-day moving average price of $74.51 and a 200 day moving average price of $71.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.46.

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 the consensus estimate 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 $739.99 million during the quarter, compared to analyst estimates of $755.80 million. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Sell-side analysts expect that Webster Financial Corporation will post 6.57 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, May 11th. Webster Financial’s dividend payout ratio (DPR) is 26.19%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WBS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. Royal Bank Of Canada raised their price objective on Webster Financial from $75.00 to $76.00 and gave the company a “sector perform” rating in a report on Wednesday. UBS Group initiated coverage on Webster Financial in a research report on Tuesday, April 7th. They issued a “neutral” rating and a $69.00 price objective for the company. Finally, Keefe, Bruyette & Woods reduced their target price on Webster Financial from $79.00 to $77.50 and set an “outperform” rating for the company in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.04.

Webster Financial 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.