State of Tennessee Treasury Department maintained its stake in Webster Financial Corporation (NYSE:WBS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,000 shares of the financial services provider’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department’s holdings in Webster Financial Corporation were worth $2,089,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Webster Financial Corporation by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,147 shares of the financial services provider’s stock worth $164,000 after buying an additional 274 shares during the last quarter. Sky Investment Group LLC purchased a new stake in shares of Webster Financial Corporation in the second quarter worth about $200,000. BB&T Securities LLC purchased a new stake in shares of Webster Financial Corporation in the second quarter worth about $212,000. HighTower Advisors LLC purchased a new stake in shares of Webster Financial Corporation in the first quarter worth about $215,000. Finally, Meadow Creek Investment Management LLC boosted its stake in shares of 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. Hedge funds and other institutional investors own 93.67% of the company’s stock.

A number of brokerages have recently commented on WBS. ValuEngine upgraded Webster Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded Webster Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded Webster Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Piper Jaffray Companies restated a “sell” rating and issued a $46.00 target price on shares of Webster Financial Corporation in a research note on Friday, July 14th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $53.00 target price on shares of Webster Financial Corporation in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $53.00.

Webster Financial Corporation (NYSE WBS) opened at 48.71 on Tuesday. Webster Financial Corporation has a 12-month low of $36.96 and a 12-month high of $57.50. The company has a 50-day moving average price of $48.04 and a 200-day moving average price of $50.54. The firm has a market cap of $4.48 billion, a PE ratio of 20.30 and a beta of 1.27.

Webster Financial Corporation (NYSE:WBS) last announced its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.64 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $260.91 million. During the same quarter in the previous year, the company earned $0.53 EPS. On average, equities analysts predict that Webster Financial Corporation will post $2.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Thursday, August 3rd. Webster Financial Corporation’s dividend payout ratio is presently 43.33%.

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

Webster Financial Corporation 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.

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

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