Centiva Capital LP Acquires Shares of 29,882 Webster Financial Corporation $WBS

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Curi Capital LLC grew its position in shares of Webster Financial by 0.3% in the second quarter. Curi Capital LLC now owns 68,500 shares of the financial services provider’s stock valued at $3,740,000 after purchasing an additional 182 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Webster Financial by 27.9% during the third quarter. Brown Brothers Harriman & Co. now owns 839 shares of the financial services provider’s stock worth $50,000 after buying an additional 183 shares in the last quarter. Journey Strategic Wealth LLC lifted its position in Webster Financial by 3.2% during the second quarter. Journey Strategic Wealth LLC now owns 6,747 shares of the financial services provider’s stock worth $368,000 after buying an additional 210 shares in the last quarter. Wedmont Private Capital boosted its stake in Webster Financial by 2.9% during the third quarter. Wedmont Private Capital now owns 7,548 shares of the financial services provider’s stock worth $454,000 after buying an additional 215 shares during the last quarter. Finally, F m Investments LLC boosted its stake in Webster Financial by 2.8% during the second quarter. F m Investments LLC now owns 8,243 shares of the financial services provider’s stock worth $450,000 after buying an additional 222 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on WBS shares. Raymond James Financial downgraded Webster Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. boosted their price target on shares of Webster Financial from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Webster Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods raised their price objective on shares of Webster Financial from $77.00 to $79.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Finally, Barclays set a $75.00 target price on shares of Webster Financial in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Webster Financial currently has an average rating of “Hold” and an average price target of $74.50.

Webster Financial Price Performance

NYSE:WBS opened at $67.26 on Friday. Webster Financial Corporation has a 52 week low of $39.43 and a 52 week high of $74.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $10.84 billion, a P/E ratio of 11.38 and a beta of 1.03. The stock’s fifty day moving average is $68.51 and its two-hundred day moving average is $62.98.

Webster Financial (NYSE:WBS) last released its quarterly earnings results on Friday, January 23rd. The financial services provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.07. The business had revenue of $760.48 million during the quarter, compared to analysts’ expectations of $731.95 million. Webster Financial had a return on equity of 11.10% and a net margin of 22.67%.During the same period in the prior year, the business posted $1.43 EPS. Equities analysts expect that Webster Financial Corporation will post 5.88 EPS for the current year.

Webster Financial Dividend Announcement

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

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.