Airain ltd acquired a new stake in Webster Financial Corporation (NYSE:WBS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 12,271 shares of the financial services provider’s stock, valued at approximately $614,000.

Several other large investors have also recently bought and sold shares of WBS. Riverhead Capital Management LLC boosted its stake in Webster Financial Corporation by 83.1% in the third quarter. Riverhead Capital Management LLC now owns 2,900 shares of the financial services provider’s stock worth $110,000 after buying an additional 1,316 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in Webster Financial Corporation during the fourth quarter worth approximately $141,000. Flinton Capital Management LLC bought a new stake in Webster Financial Corporation during the fourth quarter worth approximately $142,000. Meadow Creek Investment Management LLC boosted its stake in Webster Financial Corporation by 20.9% in the first quarter. Meadow Creek Investment Management LLC now owns 4,334 shares of the financial services provider’s stock worth $217,000 after buying an additional 748 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Webster Financial Corporation by 8.0% in the first quarter. US Bancorp DE now owns 4,551 shares of the financial services provider’s stock worth $229,000 after buying an additional 339 shares during the last quarter. Institutional investors own 97.97% of the company’s stock.

Institutional Ownership by Quarter for Webster Financial Corporation (NYSE:WBS)

Webster Financial Corporation (NYSE:WBS) opened at 52.88 on Friday. Webster Financial Corporation has a 1-year low of $31.29 and a 1-year high of $57.50. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 23.09 and a beta of 1.27. The firm has a 50 day moving average of $50.81 and a 200-day moving average of $52.21.

Webster Financial Corporation (NYSE:WBS) last announced its quarterly earnings data on Friday, April 21st. The financial services provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Webster Financial Corporation had a net margin of 19.88% and a return on equity of 9.16%. The company had revenue of $255.70 million for the quarter, compared to the consensus estimate of $254.48 million. During the same period in the prior year, the firm posted $0.49 EPS. Webster Financial Corporation’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts anticipate that Webster Financial Corporation will post $2.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Monday, May 8th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.97%. This is an increase from Webster Financial Corporation’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, May 4th. Webster Financial Corporation’s dividend payout ratio is 45.42%.

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WBS has been the subject of a number of research reports. Zacks Investment Research cut shares of Webster Financial Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, March 8th. Jefferies Group LLC set a $53.00 price target on shares of Webster Financial Corporation and gave the stock a “hold” rating in a report on Saturday, May 6th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $58.00 price target on shares of Webster Financial Corporation in a report on Friday, April 21st. BidaskClub upgraded shares of Webster Financial Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Barclays PLC raised their price target on shares of Webster Financial Corporation from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Webster Financial Corporation has an average rating of “Hold” and an average price target of $48.94.

In related news, Director Mark Pettie sold 3,987 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $50.53, for a total transaction of $201,463.11. Following the sale, the director now directly owns 18,471 shares of the company’s stock, valued at approximately $933,339.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dawn C. Morris sold 900 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $52.02, for a total transaction of $46,818.00. Following the sale, the executive vice president now directly owns 4,749 shares in the company, valued at $247,042.98. The disclosure for this sale can be found here. Insiders have sold a total of 26,214 shares of company stock worth $1,364,548 over the last three months. 2.20% of the stock is currently owned by insiders.

Webster Financial Corporation Company Profile

Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.

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