Interval Partners LP Has $11.37 Million Holdings in Webster Financial Co. (NYSE:WBS)

Interval Partners LP raised its holdings in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 11.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,930 shares of the financial services provider's stock after acquiring an additional 27,486 shares during the period. Interval Partners LP owned approximately 0.15% of Webster Financial worth $11,374,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Webster Financial by 28.0% during the second quarter. Dimensional Fund Advisors LP now owns 5,522,044 shares of the financial services provider's stock worth $240,687,000 after acquiring an additional 1,206,575 shares during the period. Azora Capital LP boosted its holdings in Webster Financial by 146.3% during the fourth quarter. Azora Capital LP now owns 1,477,198 shares of the financial services provider's stock worth $74,983,000 after buying an additional 877,540 shares in the last quarter. Sei Investments Co. grew its position in Webster Financial by 39.5% in the fourth quarter. Sei Investments Co. now owns 1,477,642 shares of the financial services provider's stock worth $75,006,000 after buying an additional 418,716 shares during the last quarter. Groupama Asset Managment bought a new position in shares of Webster Financial in the fourth quarter valued at $20,471,000. Finally, Bank of Montreal Can raised its holdings in Webster Financial by 1,482.9% during the 2nd quarter. Bank of Montreal Can now owns 339,246 shares of the financial services provider's stock worth $14,801,000 after buying an additional 317,814 shares during the period. Institutional investors and hedge funds own 85.58% of the company's stock.

Webster Financial Stock Performance

WBS stock traded down $0.68 during midday trading on Monday, hitting $47.35. The stock had a trading volume of 495,128 shares, compared to its average volume of 1,233,330. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 0.67 and a beta of 1.28. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.44. The stock has a 50-day simple moving average of $46.12 and a 200 day simple moving average of $45.62. Webster Financial Co. has a 52 week low of $36.36 and a 52 week high of $53.39.

Webster Financial (NYSE:WBS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.08). Webster Financial had a return on equity of 11.81% and a net margin of 19.81%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $671.91 million. During the same quarter in the prior year, the business earned $1.50 EPS. As a group, equities research analysts anticipate that Webster Financial Co. will post 5.27 earnings per share for the current year.

Webster Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Monday, July 29th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.38%. The ex-dividend date was Monday, July 29th. Webster Financial's dividend payout ratio is currently 32.79%.

Insider Transactions at Webster Financial

In related news, CEO John R. Ciulla sold 8,000 shares of Webster Financial stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $48.04, for a total value of $384,320.00. Following the completion of the transaction, the chief executive officer now directly owns 237,049 shares of the company's stock, valued at $11,387,833.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO John R. Ciulla sold 8,000 shares of the firm's stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $48.04, for a total value of $384,320.00. Following the transaction, the chief executive officer now owns 237,049 shares in the company, valued at $11,387,833.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jason A. Soto sold 1,650 shares of the company's stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $46.32, for a total transaction of $76,428.00. Following the transaction, the insider now owns 20,539 shares in the company, valued at $951,366.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,650 shares of company stock valued at $706,098. Corporate insiders own 0.88% of the company's stock.

Analyst Ratings Changes

WBS has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on Webster Financial from $63.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, June 27th. Barclays decreased their price objective on shares of Webster Financial from $65.00 to $60.00 and set an "overweight" rating for the company in a report on Monday, June 24th. Keefe, Bruyette & Woods cut their price objective on Webster Financial from $58.00 to $55.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 9th. Royal Bank of Canada dropped their price target on shares of Webster Financial from $54.00 to $51.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 24th. Finally, Morgan Stanley lowered shares of Webster Financial from an "overweight" rating to an "equal weight" rating and raised their target price for the company from $54.00 to $57.00 in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $55.36.

Webster Financial Profile

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.