Alpine Woods Capital Investors LLC maintained its stake in shares of Webster Financial Corporation (NYSE:WBS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,000 shares of the financial services provider’s stock at the end of the second quarter. Alpine Woods Capital Investors LLC’s holdings in Webster Financial Corporation were worth $209,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in WBS. Teachers Advisors LLC raised its stake in shares of Webster Financial Corporation by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 150,305 shares of the financial services provider’s stock worth $8,159,000 after buying an additional 6,887 shares during the last quarter. Creative Planning raised its stake in shares of Webster Financial Corporation by 1.6% in the first quarter. Creative Planning now owns 10,019 shares of the financial services provider’s stock worth $501,000 after buying an additional 155 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Webster Financial Corporation by 13.4% in the first quarter. Capstone Asset Management Co. now owns 6,871 shares of the financial services provider’s stock worth $344,000 after buying an additional 810 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Webster Financial Corporation by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the financial services provider’s stock worth $1,161,000 after buying an additional 500 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Webster Financial Corporation by 3.4% in the first quarter. Nisa Investment Advisors LLC now owns 15,000 shares of the financial services provider’s stock worth $751,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 97.67% of the company’s stock.

Webster Financial Corporation (WBS) opened at 46.50 on Monday. Webster Financial Corporation has a 52-week low of $36.96 and a 52-week high of $57.50. The stock’s 50 day moving average price is $51.56 and its 200 day moving average price is $51.64. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 19.38 and a beta of 1.25.

Webster Financial Corporation (NYSE:WBS) last issued its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.04. Webster Financial Corporation had a return on equity of 9.49% and a net margin of 20.43%. The company had revenue of $262.50 million during the quarter, compared to the consensus estimate of $260.91 million. During the same period last year, the company earned $0.53 earnings per share. On average, equities analysts anticipate that Webster Financial Corporation will post $2.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.04 annualized dividend and a yield of 2.24%. Webster Financial Corporation’s dividend payout ratio is currently 43.33%.

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A number of analysts recently commented on WBS shares. Barclays PLC lifted their price objective on Webster Financial Corporation from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 25th. Jefferies Group LLC set a $53.00 price objective on Webster Financial Corporation and gave the stock a “hold” rating in a research report on Saturday, May 6th. BidaskClub upgraded Webster Financial Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of Webster Financial Corporation in a research report on Tuesday, June 27th. Finally, Zacks Investment Research lowered Webster Financial Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Webster Financial Corporation presently has a consensus rating of “Hold” and a consensus target price of $53.00.

In related news, EVP Nitin J. Mhatre sold 31,940 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $51.34, for a total transaction of $1,639,799.60. Following the completion of the sale, the executive vice president now owns 23,120 shares of the company’s stock, valued at $1,186,980.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel Bley sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $51.20, for a total value of $409,600.00. Following the sale, the executive vice president now directly owns 25,657 shares of the company’s stock, valued at approximately $1,313,638.40. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

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

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