Capstone Investment Advisors LLC Has $71.45 Million Stake in Webster Financial Corporation $WBS

Capstone Investment Advisors LLC boosted its stake in Webster Financial Corporation (NYSE:WBS) by 10.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 935,000 shares of the financial services provider’s stock after acquiring an additional 85,500 shares during the quarter. Webster Financial accounts for 0.1% of Capstone Investment Advisors LLC’s portfolio, making the stock its 18th largest position. Capstone Investment Advisors LLC owned approximately 0.58% of Webster Financial worth $71,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WBS. BlackRock Inc. acquired a new stake in shares of Webster Financial in the 2nd quarter valued at about $1,182,130,000. Norges Bank acquired a new position in shares of Webster Financial during the fourth quarter worth about $142,035,000. Bank of Nova Scotia acquired a new position in shares of Webster Financial during the second quarter worth about $154,797,000. Alyeska Investment Group L.P. grew its holdings in shares of Webster Financial by 7,442.8% during the third quarter. Alyeska Investment Group L.P. now owns 2,032,937 shares of the financial services provider’s stock worth $120,838,000 after buying an additional 2,005,985 shares in the last quarter. Finally, Whitebox Advisors LLC bought a new position in shares of Webster Financial during the first quarter worth about $133,634,000. 85.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Webster Financial Price Performance

NYSE:WBS opened at $77.57 on Friday. Webster Financial Corporation has a 52-week low of $52.69 and a 52-week high of $79.74. The company has a market cap 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 quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50-day simple moving average is $77.04 and its 200 day simple moving average is $73.44.

Webster Financial (NYSE:WBS) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.60 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.01). The company had revenue of $769.23 million for 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%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company posted $1.52 earnings per share. As a group, sell-side analysts forecast that Webster Financial Corporation will post 6.59 EPS for the current fiscal 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, August 10th. Webster Financial’s dividend payout ratio is presently 26.02%.

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.