Wasatch Advisors Inc. lifted its holdings in Webster Financial Corporation (NYSE:WBS) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,250,812 shares of the financial services provider’s stock after acquiring an additional 13,041 shares during the period. Wasatch Advisors Inc. owned approximately 1.36% of Webster Financial Corporation worth $65,730,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WBS. Teachers Advisors LLC increased its position in shares of Webster Financial Corporation by 4.9% in the first quarter. Teachers Advisors LLC now owns 157,642 shares of the financial services provider’s stock worth $7,888,000 after acquiring an additional 7,337 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of Webster Financial Corporation by 12.4% in the second quarter. Capstone Asset Management Co. now owns 7,721 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 850 shares in the last quarter. Bank of Montreal Can increased its position in shares of Webster Financial Corporation by 3.4% in the second quarter. Bank of Montreal Can now owns 6,047 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 200 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Webster Financial Corporation by 4.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 33,743 shares of the financial services provider’s stock worth $1,762,000 after acquiring an additional 1,477 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Webster Financial Corporation by 17.9% in the second quarter. LS Investment Advisors LLC now owns 7,335 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 1,114 shares in the last quarter. 93.69% of the stock is owned by institutional investors.

WBS has been the subject of several recent research reports. Deutsche Bank AG increased their price objective on shares of Webster Financial Corporation from $51.00 to $53.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Zacks Investment Research lowered shares of Webster Financial Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub lowered shares of Webster Financial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. ValuEngine lowered shares of Webster Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Webster Financial Corporation in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $55.22.

In other Webster Financial Corporation news, EVP Daniel Bley sold 1,486 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $54.74, for a total transaction of $81,343.64. Following the transaction, the executive vice president now directly owns 25,547 shares in the company, valued at approximately $1,398,442.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman James Copenhaver Smith sold 8,943 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $55.93, for a total transaction of $500,181.99. Following the transaction, the chairman now owns 316,103 shares in the company, valued at $17,679,640.79. The disclosure for this sale can be found here. Insiders have sold a total of 36,107 shares of company stock worth $1,988,452 over the last quarter. 2.20% of the stock is currently owned by insiders.

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Webster Financial Corporation (WBS) traded up $0.13 on Wednesday, reaching $53.82. 409,000 shares of the company were exchanged, compared to its average volume of 703,191. Webster Financial Corporation has a 1-year low of $44.04 and a 1-year high of $57.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $4,943.50, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.58 and a beta of 1.23.

Webster Financial Corporation (NYSE:WBS) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.03. Webster Financial Corporation had a net margin of 21.09% and a return on equity of 9.89%. The firm had revenue of $266.75 million for the quarter, compared to the consensus estimate of $269.03 million. During the same period in the prior year, the firm posted $0.54 EPS. analysts forecast that Webster Financial Corporation will post 2.6 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, November 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.93%. Webster Financial Corporation’s dividend payout ratio (DPR) is 41.11%.

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.

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

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