Copper Rock Capital Partners LLC decreased its stake in shares of Webster Financial Corporation (NYSE:WBS) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 880,328 shares of the financial services provider’s stock after selling 14,995 shares during the period. Webster Financial Corporation accounts for approximately 3.1% of Copper Rock Capital Partners LLC’s portfolio, making the stock its 2nd largest position. Copper Rock Capital Partners LLC owned approximately 0.95% of Webster Financial Corporation worth $47,784,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in WBS. BlackRock Inc. raised its position in shares of Webster Financial Corporation by 14,031.4% in the first quarter. BlackRock Inc. now owns 10,092,772 shares of the financial services provider’s stock valued at $505,043,000 after buying an additional 10,021,351 shares in the last quarter. Norges Bank purchased a new position in shares of Webster Financial Corporation during the fourth quarter valued at approximately $37,949,000. State Street Corp raised its position in shares of Webster Financial Corporation by 12.5% in the first quarter. State Street Corp now owns 5,006,188 shares of the financial services provider’s stock valued at $250,503,000 after buying an additional 556,988 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Webster Financial Corporation by 5.5% in the first quarter. Vanguard Group Inc. now owns 7,564,362 shares of the financial services provider’s stock valued at $378,521,000 after buying an additional 395,457 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of Webster Financial Corporation by 90.6% in the first quarter. Artisan Partners Limited Partnership now owns 578,755 shares of the financial services provider’s stock valued at $28,961,000 after buying an additional 275,056 shares in the last quarter. Hedge funds and other institutional investors own 97.51% of the company’s stock.

Webster Financial Corporation (WBS) traded down 0.69% during midday trading on Friday, hitting $53.16. The company had a trading volume of 490,291 shares. Webster Financial Corporation has a 12 month low of $35.18 and a 12 month high of $57.50. The firm has a 50-day moving average price of $50.70 and a 200-day moving average price of $52.16. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 23.11 and a beta of 1.26.

Webster Financial Corporation (NYSE:WBS) last issued its earnings results on Friday, April 21st. The financial services provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. Webster Financial Corporation had a return on equity of 9.16% and a net margin of 19.88%. The company had revenue of $255.70 million during the quarter, compared to the consensus estimate of $254.48 million. During the same period in the previous year, the firm posted $0.49 earnings per share. Webster Financial Corporation’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that Webster Financial Corporation will post $2.48 EPS for the current year.

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Several equities analysts have recently commented on WBS shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $58.00 price target on shares of Webster Financial Corporation in a research note on Friday, April 21st. Wedbush reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Webster Financial Corporation in a research report on Tuesday, June 27th. Zacks Investment Research raised Webster Financial Corporation from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Thursday, April 6th. Barclays PLC raised their price objective on Webster Financial Corporation from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 25th. Finally, BidaskClub downgraded Webster Financial Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.38.

In other news, Director Mark Pettie sold 3,987 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 18,471 shares in the company, valued at $933,339.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel Bley sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $53.31, for a total value of $266,550.00. Following the transaction, the executive vice president now owns 33,657 shares of the company’s stock, valued at $1,794,254.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,214 shares of company stock valued at $1,364,548. 2.20% of the stock is currently owned by 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.

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

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