Chartwell Investment Partners LLC grew its position in shares of Webster Financial Co. (NYSE:WBS) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,602 shares of the financial services provider’s stock after purchasing an additional 438 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Webster Financial were worth $1,652,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Enlightenment Research LLC bought a new position in Webster Financial during the 4th quarter worth approximately $25,000. JOYN Advisors Inc. grew its position in Webster Financial by 413.7% during the 4th quarter. JOYN Advisors Inc. now owns 524 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 422 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Webster Financial by 4,934.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,816,632 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,780,548 shares during the last quarter. Toronto Dominion Bank bought a new position in Webster Financial during the 4th quarter worth approximately $74,000. Finally, Meeder Asset Management Inc. bought a new position in Webster Financial during the 4th quarter worth approximately $84,000. Hedge funds and other institutional investors own 91.38% of the company’s stock.

Several equities analysts recently issued reports on WBS shares. Boenning Scattergood restated a “hold” rating on shares of Webster Financial in a research report on Thursday, January 24th. Zacks Investment Research lowered Webster Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. ValuEngine upgraded Webster Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Finally, Barclays reduced their price target on Webster Financial from $68.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $62.67.

In other news, Director James Copenhaver Smith sold 55,000 shares of Webster Financial stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $55.06, for a total value of $3,028,300.00. Following the sale, the director now directly owns 310,984 shares in the company, valued at approximately $17,122,779.04. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John Joseph Crawford sold 1,207 shares of Webster Financial stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $55.85, for a total value of $67,410.95. Following the completion of the sale, the director now owns 18,008 shares in the company, valued at $1,005,746.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,066 shares of company stock worth $5,569,345. Corporate insiders own 1.53% of the company’s stock.

Shares of WBS stock opened at $53.72 on Tuesday. The company has a market capitalization of $4.95 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.62 and a beta of 1.19. Webster Financial Co. has a fifty-two week low of $45.38 and a fifty-two week high of $69.63. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.83 and a current ratio of 0.83.

Webster Financial (NYSE:WBS) last issued its quarterly earnings data on Thursday, January 24th. The financial services provider reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.03. The firm had revenue of $310.30 million for the quarter, compared to analyst estimates of $305.55 million. Webster Financial had a return on equity of 13.36% and a net margin of 26.94%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. Research analysts forecast that Webster Financial Co. will post 4.14 earnings per share for the current year.

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Webster Financial Profile

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through four segments: Commercial Banking, Community Banking, HSA Bank, and Private Banking.

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

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