Hood River Capital Management LLC raised its position in Webster Financial Corporation (NYSE:WBS) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 398,215 shares of the financial services provider’s stock after purchasing an additional 9,066 shares during the quarter. Webster Financial Corporation accounts for about 1.4% of Hood River Capital Management LLC’s holdings, making the stock its 27th biggest holding. Hood River Capital Management LLC owned about 0.43% of Webster Financial Corporation worth $20,795,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WBS. Great West Life Assurance Co. Can raised its position in 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 valued at $2,727,000 after purchasing an additional 2,521 shares during the last quarter. US Bancorp DE raised its position 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 valued at $229,000 after purchasing an additional 339 shares during the last quarter. Swiss National Bank raised its position in Webster Financial Corporation by 0.5% in the first quarter. Swiss National Bank now owns 151,500 shares of the financial services provider’s stock valued at $7,581,000 after purchasing an additional 800 shares during the last quarter. World Asset Management Inc raised its position in Webster Financial Corporation by 2.3% in the first quarter. World Asset Management Inc now owns 5,701 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 127 shares during the last quarter. Finally, Meadow Creek Investment Management LLC raised its position 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 valued at $217,000 after purchasing an additional 748 shares during the last quarter. Hedge funds and other institutional investors own 93.67% of the company’s stock.

In related news, EVP Nitin J. Mhatre sold 31,940 shares of the company’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 value of $1,639,799.60. Following the sale, the executive vice president now owns 23,120 shares in the company, valued at approximately $1,186,980.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel Bley sold 8,000 shares of the company’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 completion of the sale, the executive vice president now owns 25,657 shares in the company, valued at approximately $1,313,638.40. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

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Shares of Webster Financial Corporation (NYSE WBS) traded down 0.06% during midday trading on Friday, hitting $50.33. The stock had a trading volume of 420,151 shares. Webster Financial Corporation has a 1-year low of $36.96 and a 1-year high of $57.50. The firm’s 50-day moving average price is $47.96 and its 200-day moving average price is $50.49. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 20.97 and a beta of 1.27.

Webster Financial Corporation (NYSE:WBS) last posted its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. The company had revenue of $262.50 million for the quarter, compared to the consensus estimate of $260.91 million. Webster Financial Corporation had a return on equity of 9.49% and a net margin of 20.43%. During the same quarter in the prior year, the business posted $0.53 EPS. Analysts forecast that Webster Financial Corporation will post $2.55 earnings per share for the current year.

Several equities analysts have commented on the company. BidaskClub upgraded Webster Financial Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded Webster Financial Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $53.00 target price on shares of Webster Financial Corporation in a research report on Friday, July 14th. ValuEngine upgraded Webster Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Piper Jaffray Companies reiterated a “sell” rating and issued a $46.00 target price on shares of Webster Financial Corporation in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $53.00.

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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