4,065 Shares in Webster Financial Corporation (NYSE:WBS) Purchased by BB&T Securities LLC

BB&T Securities LLC bought a new position in shares of Webster Financial Corporation (NYSE:WBS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,065 shares of the financial services provider’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC grew its position in shares of Webster Financial Corporation by 0.3% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 15,857 shares of the financial services provider’s stock worth $793,000 after acquiring an additional 49 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Webster Financial Corporation by 0.7% during the first quarter. Janney Montgomery Scott LLC now owns 15,869 shares of the financial services provider’s stock worth $794,000 after acquiring an additional 112 shares during the last quarter. World Asset Management Inc grew its position in shares of Webster Financial Corporation by 2.2% during the second quarter. World Asset Management Inc now owns 5,827 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 126 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Webster Financial Corporation by 2.5% during the second quarter. Teacher Retirement System of Texas now owns 7,391 shares of the financial services provider’s stock worth $386,000 after acquiring an additional 181 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Webster Financial Corporation by 3.4% during 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 during the last quarter. Institutional investors and hedge funds own 93.67% of the company’s stock.

Shares of Webster Financial Corporation (NYSE WBS) opened at 50.33 on Friday. Webster Financial Corporation has a 12 month low of $36.96 and a 12 month high of $57.50. The firm’s 50 day moving average is $47.96 and its 200 day moving average is $50.49. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 20.97 and a beta of 1.27.

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 Thomson Reuters’ consensus estimate of $0.60 by $0.04. Webster Financial Corporation had a return on equity of 9.49% and a net margin of 20.43%. The company had revenue of $262.50 million during the quarter, compared to analysts’ expectations of $260.91 million. During the same quarter in the prior year, the business posted $0.53 earnings per share. On average, equities analysts predict that Webster Financial Corporation will post $2.55 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Webster Financial Corporation from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Saturday, July 8th. BidaskClub upgraded shares of Webster Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $53.00 price objective on shares of Webster Financial Corporation in a research report on Friday, July 14th. Piper Jaffray Companies reiterated a “sell” rating and issued a $46.00 price objective on shares of Webster Financial Corporation in a research report on Friday, July 14th. Finally, 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Webster Financial Corporation has a consensus rating of “Hold” and an average target price of $53.00.

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In other news, EVP Nitin J. Mhatre sold 31,940 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $51.34, for a total value of $1,639,799.60. Following the completion of the transaction, the executive vice president now owns 23,120 shares of the company’s stock, valued at $1,186,980.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel Bley sold 8,000 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $51.20, for a total value of $409,600.00. Following the completion of the transaction, the executive vice president now directly owns 25,657 shares of the company’s stock, valued at approximately $1,313,638.40. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

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.

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

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