LS Investment Advisors LLC Boosts Stake in Webster Financial Corporation (WBS)

LS Investment Advisors LLC boosted its stake in Webster Financial Corporation (NYSE:WBS) by 17.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,335 shares of the financial services provider’s stock after buying an additional 1,114 shares during the period. LS Investment Advisors LLC’s holdings in Webster Financial Corporation were worth $383,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Sky Investment Group LLC purchased a new stake in Webster Financial Corporation during the second quarter valued at approximately $200,000. Oregon Public Employees Retirement Fund raised its stake in 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 buying an additional 1,477 shares during the period. GW&K Investment Management LLC raised its stake in Webster Financial Corporation by 4.6% in the second quarter. GW&K Investment Management LLC now owns 1,053,067 shares of the financial services provider’s stock worth $54,991,000 after buying an additional 46,141 shares during the period. Bank of Montreal Can raised its stake in 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 buying an additional 200 shares during the period. Finally, Capstone Asset Management Co. raised its stake in 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 buying an additional 850 shares during the period. Institutional investors own 96.83% of the company’s stock.

Webster Financial Corporation (NYSE:WBS) traded down 1.15% on Friday, reaching $47.93. The company’s stock had a trading volume of 479,643 shares. The firm has a 50 day moving average price of $52.02 and a 200 day moving average price of $51.86. Webster Financial Corporation has a 52 week low of $36.64 and a 52 week high of $57.50. The stock has a market capitalization of $4.41 billion, a P/E ratio of 19.97 and a beta of 1.25.

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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.04. Webster Financial Corporation had a net margin of 20.43% and a return on equity of 9.49%. The company had revenue of $262.50 million during the quarter, compared to analysts’ expectations of $260.91 million. During the same period in the previous year, the company earned $0.53 EPS. On average, equities analysts anticipate that Webster Financial Corporation will post $2.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders 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 dividend yield of 2.17%. Webster Financial Corporation’s dividend payout ratio is presently 43.33%.

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Several research analysts recently weighed in on WBS shares. 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. Zacks Investment Research lowered Webster Financial Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. 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. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $58.00 price objective on shares of Webster Financial Corporation in a research report on Friday, April 21st. Finally, BidaskClub upgraded Webster Financial Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. 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 stock. Webster Financial Corporation currently has a consensus rating of “Hold” and a consensus target price of $53.00.

In other news, EVP Daniel Bley sold 8,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $51.20, for a total transaction of $409,600.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nitin J. Mhatre sold 31,940 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $51.34, for a total transaction of $1,639,799.60. Following the sale, the executive vice president now directly owns 23,120 shares of the company’s stock, valued at $1,186,980.80. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

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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