Kintayl Capital LP Takes Position in Webster Financial Corporation $WBS

Kintayl Capital LP acquired a new stake in shares of Webster Financial Corporation (NYSE:WBS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,382 shares of the financial services provider’s stock, valued at approximately $2,857,000. Webster Financial accounts for 1.1% of Kintayl Capital LP’s investment portfolio, making the stock its 28th largest holding.

Several other institutional investors have also recently made changes to their positions in the company. BOKF NA purchased a new position in Webster Financial during the 3rd quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Webster Financial in the third quarter worth about $29,000. New England Capital Financial Advisors LLC increased its stake in Webster Financial by 246.8% in the 1st quarter. New England Capital Financial Advisors LLC now owns 437 shares of the financial services provider’s stock worth $30,000 after buying an additional 311 shares during the period. Atlas Capital Advisors Inc. purchased a new position in Webster Financial in the 4th quarter worth about $31,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Webster Financial during the 3rd quarter valued at about $33,000. Institutional investors own 85.58% of the company’s stock.

Analysts Set New Price Targets

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

Webster Financial Price Performance

NYSE WBS opened at $77.57 on Wednesday. The company has a market cap of $12.57 billion, a PE ratio of 12.61 and a beta of 1.01. The firm’s 50 day moving average price is $76.95 and its 200-day moving average price is $73.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.87 and a current ratio of 0.87. Webster Financial Corporation has a 52-week low of $52.69 and a 52-week high of $79.74.

Webster Financial (NYSE:WBS) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The business had revenue of $769.23 million during the quarter, compared to the consensus estimate of $755.80 million. Webster Financial had a return on equity of 11.23% and a net margin of 22.78%.The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $1.52 EPS. 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 declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were given 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 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.