Hood River Capital Management LLC Boosts Position in Webster Financial Co. (WBS)

Hood River Capital Management LLC increased its stake in Webster Financial Co. (NYSE:WBS) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 404,579 shares of the financial services provider’s stock after purchasing an additional 29,342 shares during the quarter. Webster Financial makes up approximately 1.3% of Hood River Capital Management LLC’s portfolio, making the stock its 26th biggest holding. Hood River Capital Management LLC’s holdings in Webster Financial were worth $22,721,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WBS. PNC Financial Services Group Inc. raised its holdings in shares of Webster Financial by 4.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,048 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 195 shares during the period. Advisor Group Inc. raised its holdings in shares of Webster Financial by 13.3% in the 2nd quarter. Advisor Group Inc. now owns 4,038 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 474 shares during the period. Flinton Capital Management LLC raised its holdings in shares of Webster Financial by 42.1% in the 2nd quarter. Flinton Capital Management LLC now owns 4,480 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 1,328 shares during the period. Castleark Management LLC raised its holdings in shares of Webster Financial by 24.1% in the 2nd quarter. Castleark Management LLC now owns 141,990 shares of the financial services provider’s stock worth $7,415,000 after purchasing an additional 27,605 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Webster Financial by 85.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 98,093 shares of the financial services provider’s stock worth $5,122,000 after purchasing an additional 45,187 shares during the period. 94.60% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on WBS. JPMorgan Chase & Co. lifted their price objective on shares of Webster Financial from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Morgan Stanley lifted their price objective on shares of Webster Financial from $54.00 to $56.00 and gave the company an “underweight” rating in a research note on Friday, January 26th. Boenning Scattergood reiterated a “hold” rating on shares of Webster Financial in a research note on Wednesday, January 24th. Piper Jaffray Companies reiterated a “hold” rating and issued a $56.00 price objective on shares of Webster Financial in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research lowered shares of Webster Financial from a “buy” rating to a “hold” rating and set a $63.00 price objective for the company. in a research note on Saturday, January 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Webster Financial currently has a consensus rating of “Hold” and an average target price of $59.82.

Webster Financial Co. (NYSE WBS) opened at $53.39 on Friday. The firm has a market cap of $4,917.27, a P/E ratio of 20.69, a P/E/G ratio of 1.98 and a beta of 1.15. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.74. Webster Financial Co. has a one year low of $44.04 and a one year high of $60.32.

Webster Financial (NYSE:WBS) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. The firm had revenue of $270.97 million during the quarter, compared to analyst estimates of $269.64 million. Webster Financial had a net margin of 21.77% and a return on equity of 9.91%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. equities analysts predict that Webster Financial Co. will post 3.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, February 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.95%. Webster Financial’s dividend payout ratio (DPR) is currently 39.10%.

In other news, Director Joel S. Becker sold 5,064 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $54.22, for a total transaction of $274,570.08. Following the completion of the transaction, the director now directly owns 58,283 shares in the company, valued at approximately $3,160,104.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Pettie sold 3,291 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $56.34, for a total transaction of $185,414.94. Following the transaction, the director now owns 16,405 shares of the company’s stock, valued at $924,257.70. The disclosure for this sale can be found here. Insiders have sold a total of 11,272 shares of company stock valued at $629,959 over the last 90 days. Company insiders own 2.20% of the company’s stock.

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About Webster Financial

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 (NYSE:WBS)

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