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

Capstone Investment Advisors LLC increased its position in Webster Financial Corporation (NYSE:WBS) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 935,000 shares of the financial services provider’s stock after purchasing an additional 85,500 shares during the quarter. Webster Financial makes up 0.1% of Capstone Investment Advisors LLC’s holdings, making the stock its 18th largest position. Capstone Investment Advisors LLC’s holdings in Webster Financial were worth $71,453,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Artemis Investment Management LLP acquired a new stake in shares of Webster Financial in the fourth quarter valued at approximately $56,253,000. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Webster Financial by 95.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 33,038 shares of the financial services provider’s stock worth $2,294,000 after acquiring an additional 16,132 shares during the last quarter. Whitebox Advisors LLC bought a new stake in Webster Financial in the 1st quarter valued at $133,634,000. EP Wealth Advisors LLC bought a new stake in Webster Financial in the 2nd quarter valued at $747,000. Finally, Bank of New York Mellon Corp acquired a new stake in Webster Financial during the 2nd quarter valued at $101,039,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Webster Financial Stock Performance

WBS opened at $77.57 on Friday. The business has a fifty day simple moving average of $77.04 and a 200 day simple moving average of $73.44. The company has a market capitalization of $12.57 billion, a PE ratio of 12.61 and a beta of 1.01. Webster Financial Corporation has a 1 year low of $52.69 and a 1 year high of $79.74. 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) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share 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 $769.23 million for the quarter, compared to the consensus estimate of $755.80 million. During the same quarter in the previous year, the business earned $1.52 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Research analysts expect that Webster Financial Corporation will post 6.59 EPS for the current year.

Webster Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors 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 dividend payout ratio is 26.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank Of Canada lifted 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. Keefe, Bruyette & Woods dropped their price objective on shares of Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Barclays raised their target price on shares of Webster Financial from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $74.25.

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.