Webster Financial Corporation (WBS) Stake Held by Highlander Capital Management LLC

Highlander Capital Management LLC held its stake in Webster Financial Corporation (NYSE:WBS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the financial services provider’s stock at the close of the 2nd quarter. Highlander Capital Management LLC’s holdings in Webster Financial Corporation were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Chilton Investment Co. LLC acquired a new stake in Webster Financial Corporation during the 2nd quarter worth about $2,994,000. BNP Paribas Arbitrage SA grew its holdings in Webster Financial Corporation by 65.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,826 shares of the financial services provider’s stock worth $1,819,000 after acquiring an additional 13,781 shares during the period. Victory Capital Management Inc. grew its holdings in Webster Financial Corporation by 3,821.0% during the 2nd quarter. Victory Capital Management Inc. now owns 804,776 shares of the financial services provider’s stock worth $42,026,000 after acquiring an additional 784,251 shares during the period. Marshall Wace North America L.P. acquired a new stake in Webster Financial Corporation during the 2nd quarter worth about $5,515,000. Finally, Jennison Associates LLC grew its holdings in Webster Financial Corporation by 8.0% during the 2nd quarter. Jennison Associates LLC now owns 47,275 shares of the financial services provider’s stock worth $2,469,000 after acquiring an additional 3,504 shares during the period. Hedge funds and other institutional investors own 93.67% of the company’s stock.

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In other Webster Financial Corporation news, EVP Daniel Bley sold 8,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were 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 in the company, valued at $1,313,638.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Nitin J. Mhatre sold 31,940 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $51.34, for a total transaction of $1,639,799.60. Following the completion of the sale, the executive vice president now 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 owned by corporate insiders.

WBS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Webster Financial Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Saturday, July 8th. ValuEngine upgraded Webster Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and set a $53.00 price target on shares of Webster Financial Corporation in a report on Friday, July 14th. BidaskClub downgraded Webster Financial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of Webster Financial Corporation in a report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $53.00.

Shares of Webster Financial Corporation (WBS) traded up 0.04% during mid-day trading on Wednesday, hitting $53.29. The stock had a trading volume of 87,144 shares. The stock’s 50-day moving average is $49.12 and its 200 day moving average is $50.34. Webster Financial Corporation has a 1-year low of $36.96 and a 1-year high of $57.50. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.20 and a beta of 1.26.

Webster Financial Corporation (NYSE:WBS) last released its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ 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 the consensus estimate of $260.91 million. During the same period in the prior year, the firm earned $0.53 earnings per share. Equities research analysts predict that Webster Financial Corporation will post $2.55 EPS for the current fiscal year.

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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