Quantinno Capital Management LP Has $7.80 Million Stock Position in Webster Financial Corporation $WBS

Quantinno Capital Management LP raised its holdings in shares of Webster Financial Corporation (NYSE:WBS) by 17.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 112,305 shares of the financial services provider’s stock after buying an additional 16,334 shares during the period. Quantinno Capital Management LP’s holdings in Webster Financial were worth $7,796,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WBS. BOKF NA bought a new stake in Webster Financial during the 3rd quarter worth about $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Webster Financial during the 4th quarter worth about $28,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Webster Financial in the 3rd quarter valued at about $29,000. New England Capital Financial Advisors LLC increased its position in shares of Webster Financial by 246.8% in the first quarter. New England Capital Financial Advisors LLC now owns 437 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 311 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Webster Financial in the fourth quarter valued at about $31,000. Institutional investors own 85.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WBS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Webster Financial in a research report on Friday, June 12th. Keefe, Bruyette & Woods dropped their price objective on Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a research note on Friday, May 1st. UBS Group started coverage on Webster Financial in a report on Tuesday, April 7th. They issued a “neutral” rating and a $69.00 price objective for the company. Royal Bank Of Canada raised their target price on shares of Webster Financial from $75.00 to $76.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 22nd. Finally, Barclays upped their price target on shares of Webster Financial from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Monday. Four 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.25.

Webster Financial Stock Up 0.0%

WBS opened at $77.96 on Wednesday. Webster Financial Corporation has a 1-year low of $52.69 and a 1-year high of $78.29. The stock’s fifty day simple moving average is $75.30 and its 200 day simple moving average is $72.04. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.46. The stock has a market cap of $12.63 billion, a PE ratio of 12.68 and a beta of 1.01.

Webster Financial (NYSE:WBS) last released 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). Webster Financial had a return on equity of 11.23% and a net margin of 22.78%.The company had revenue of $769.23 million for the quarter, compared to the consensus estimate of $755.80 million. During the same period last year, the firm earned $1.52 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, research analysts expect that Webster Financial Corporation will post 6.55 earnings per share for the current year.

Webster Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, August 10th. Webster Financial’s dividend payout ratio (DPR) is currently 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.