Centiva Capital LP Makes New Investment in Webster Financial Corporation $WBS

Centiva Capital LP bought a new position in shares of Webster Financial Corporation (NYSE:WBS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 29,882 shares of the financial services provider’s stock, valued at approximately $1,776,000.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Webster Financial in the 2nd quarter worth about $131,780,000. 140 Summer Partners LP acquired a new stake in Webster Financial in the third quarter valued at approximately $75,465,000. AQR Capital Management LLC grew its holdings in Webster Financial by 221.0% in the second quarter. AQR Capital Management LLC now owns 1,565,623 shares of the financial services provider’s stock valued at $85,483,000 after purchasing an additional 1,077,819 shares during the period. Bank of Montreal Can increased its position in shares of Webster Financial by 65.2% in the third quarter. Bank of Montreal Can now owns 2,070,013 shares of the financial services provider’s stock valued at $123,042,000 after buying an additional 817,218 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its position in shares of Webster Financial by 2,735.9% in the third quarter. Balyasny Asset Management L.P. now owns 735,151 shares of the financial services provider’s stock valued at $43,697,000 after buying an additional 709,228 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. UBS Group lowered Webster Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $77.00 to $75.00 in a research report on Thursday, February 5th. Jefferies Financial Group set a $75.00 price target on shares of Webster Financial in a report on Wednesday, February 4th. Royal Bank Of Canada cut shares of Webster Financial from a “moderate buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a research report on Wednesday, February 4th. Citigroup downgraded shares of Webster Financial from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a report on Friday, February 13th. Finally, TD Cowen lowered shares of Webster Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $74.50.

Webster Financial Stock Down 0.9%

Shares of WBS opened at $67.26 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. Webster Financial Corporation has a one year low of $39.43 and a one year high of $74.00. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 11.38 and a beta of 1.03. The stock has a 50 day moving average price of $68.51 and a 200 day moving average price of $62.98.

Webster Financial (NYSE:WBS) last announced its quarterly earnings data 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 return on equity of 11.10% and a net margin of 22.67%.The company had revenue of $760.48 million for the quarter, compared to analyst estimates of $731.95 million. During the same quarter last year, the firm posted $1.43 EPS. Equities research analysts forecast that Webster Financial Corporation will post 5.88 earnings per share for the current fiscal year.

Webster Financial Announces Dividend

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

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.