US Bancorp DE boosted its position in shares of Webster Financial Corporation (NYSE:WBS) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,551 shares of the financial services provider’s stock after buying an additional 339 shares during the period. US Bancorp DE’s holdings in Webster Financial Corporation were worth $229,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Capital Fund Management S.A. purchased a new stake in shares of Webster Financial Corporation during the first quarter worth about $1,252,000. Flinton Capital Management LLC raised its stake in shares of Webster Financial Corporation by 20.9% in the first quarter. Flinton Capital Management LLC now owns 3,152 shares of the financial services provider’s stock worth $158,000 after buying an additional 544 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of Webster Financial Corporation by 1.1% in the first quarter. State Treasurer State of Michigan now owns 37,350 shares of the financial services provider’s stock worth $1,869,000 after buying an additional 400 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Webster Financial Corporation by 4.8% in the first quarter. Great West Life Assurance Co. Can now owns 54,574 shares of the financial services provider’s stock worth $2,727,000 after buying an additional 2,521 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. raised its stake in shares of Webster Financial Corporation by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 22,300 shares of the financial services provider’s stock worth $1,116,000 after buying an additional 600 shares during the last quarter. Hedge funds and other 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. The company has a market cap of $4.88 billion, a P/E ratio of 23.09 and a beta of 1.27. The company has a 50-day moving average of $50.81 and a 200-day moving average of $52.21. Webster Financial Corporation has a 52 week low of $31.29 and a 52 week high of $57.50.

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

The business also recently declared a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Monday, May 8th were paid a dividend of $0.26 per share. This is a positive change from Webster Financial Corporation’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.97%. The ex-dividend date was Thursday, May 4th. Webster Financial Corporation’s dividend payout ratio (DPR) is currently 45.42%.

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A number of analysts recently issued reports on the company. BidaskClub upgraded Webster Financial Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Jefferies Group LLC set a $53.00 price target on Webster Financial Corporation and gave the company a “hold” rating in a report on Saturday, May 6th. Barclays PLC boosted their price target on Webster Financial Corporation from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Tuesday, April 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $58.00 price target on shares of Webster Financial Corporation in a report on Friday, April 21st. Finally, Zacks Investment Research lowered Webster Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, April 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Webster Financial Corporation currently has an average rating of “Hold” and a consensus target price of $48.94.

In related news, EVP Daniel Bley sold 5,000 shares of Webster Financial Corporation stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $53.31, for a total transaction of $266,550.00. Following the sale, the executive vice president now directly owns 33,657 shares in the company, valued at approximately $1,794,254.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Pettie sold 3,987 shares of Webster Financial Corporation stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $50.53, for a total transaction of $201,463.11. Following the sale, the director now owns 18,471 shares in the company, valued at $933,339.63. 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 quarter. 2.20% of the stock is owned by company insiders.

About Webster Financial Corporation

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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