MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income Increases Stock Position in Webster Financial Co. (NYSE:WBS)

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income grew its stake in shares of Webster Financial Co. (NYSE:WBSGet Rating) by 13.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,785 shares of the financial services provider’s stock after buying an additional 5,590 shares during the period. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s holdings in Webster Financial were worth $2,626,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Community Bank N.A. purchased a new stake in shares of Webster Financial during the 1st quarter valued at $39,000. Greenleaf Trust purchased a new stake in Webster Financial during the 1st quarter worth $274,000. Modera Wealth Management LLC acquired a new position in Webster Financial in the 1st quarter worth $341,000. Mutual of America Capital Management LLC lifted its holdings in Webster Financial by 90.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 174,463 shares of the financial services provider’s stock worth $9,791,000 after buying an additional 82,935 shares in the last quarter. Finally, Advisor Partners LLC lifted its holdings in Webster Financial by 56.3% in the 1st quarter. Advisor Partners LLC now owns 6,902 shares of the financial services provider’s stock worth $387,000 after buying an additional 2,485 shares in the last quarter. 45.99% of the stock is owned by hedge funds and other institutional investors.

Webster Financial Stock Performance

Shares of NYSE:WBS traded up $0.98 during trading on Friday, reaching $46.58. 474,619 shares of the company’s stock traded hands, compared to its average volume of 979,087. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.85 and a quick ratio of 0.85. Webster Financial Co. has a 12 month low of $40.72 and a 12 month high of $65.00. The company has a 50 day moving average of $45.22 and a 200-day moving average of $51.38. The stock has a market capitalization of $8.37 billion, a P/E ratio of 15.07 and a beta of 1.30.

Webster Financial (NYSE:WBSGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.04. The business had revenue of $607.60 million during the quarter, compared to analysts’ expectations of $602.36 million. Webster Financial had a net margin of 20.70% and a return on equity of 11.53%. The business’s revenue was up 106.9% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. On average, equities analysts expect that Webster Financial Co. will post 5.36 EPS for the current year.

Webster Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 17th. Stockholders of record on Tuesday, August 2nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Monday, August 1st. Webster Financial’s dividend payout ratio (DPR) is presently 51.78%.

Wall Street Analyst Weigh In

A number of brokerages have commented on WBS. TheStreet lowered shares of Webster Financial from a “b” rating to a “c+” rating in a report on Thursday, April 28th. Wedbush lowered shares of Webster Financial from an “outperform” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a report on Thursday, June 30th. JPMorgan Chase & Co. cut their target price on shares of Webster Financial from $61.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday, July 1st. Raymond James cut their target price on shares of Webster Financial from $73.00 to $57.00 and set a “strong-buy” rating on the stock in a research note on Thursday, July 7th. Finally, StockNews.com lowered shares of Webster Financial from a “hold” rating to a “sell” rating in a research note on Monday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.25.

Insider Activity

In related news, insider Javier L. Evans sold 1,005 shares of the stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $47.91, for a total transaction of $48,149.55. Following the completion of the sale, the insider now directly owns 36,904 shares of the company’s stock, valued at $1,768,070.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.85% of the company’s stock.

Webster Financial Profile

(Get Rating)

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Retail Banking.

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

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