Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Webster Financial Co. (NYSE:WBS) during the second quarter, HoldingsChannel reports. The institutional investor bought 24,859 shares of the financial services provider’s stock, valued at approximately $1,584,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aperio Group LLC raised its position in shares of Webster Financial by 4.3% in the 1st quarter. Aperio Group LLC now owns 48,415 shares of the financial services provider’s stock valued at $2,682,000 after purchasing an additional 1,993 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Webster Financial by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 401,542 shares of the financial services provider’s stock valued at $22,246,000 after purchasing an additional 9,558 shares in the last quarter. Polaris Capital Management LLC raised its position in shares of Webster Financial by 62.8% in the 1st quarter. Polaris Capital Management LLC now owns 1,104,041 shares of the financial services provider’s stock valued at $61,164,000 after purchasing an additional 426,000 shares in the last quarter. BlackRock Inc. raised its position in shares of Webster Financial by 4.3% in the 1st quarter. BlackRock Inc. now owns 8,485,535 shares of the financial services provider’s stock valued at $470,098,000 after purchasing an additional 353,365 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of Webster Financial by 0.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 1,250,688 shares of the financial services provider’s stock valued at $69,288,000 after purchasing an additional 11,346 shares in the last quarter. 94.14% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on WBS shares. Zacks Investment Research raised Webster Financial from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Tuesday, July 17th. Wedbush reaffirmed an “outperform” rating on shares of Webster Financial in a research report on Monday, July 16th. Barclays upped their target price on Webster Financial from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 11th. Morgan Stanley upped their target price on Webster Financial from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Tuesday, April 24th. Finally, Wells Fargo & Co upped their target price on Webster Financial from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Tuesday, June 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Webster Financial has a consensus rating of “Hold” and an average target price of $63.30.

Shares of NYSE WBS opened at $67.52 on Friday. Webster Financial Co. has a twelve month low of $44.04 and a twelve month high of $69.63. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $6.17 billion, a PE ratio of 26.07, a PEG ratio of 2.29 and a beta of 1.14.

Webster Financial (NYSE:WBS) last issued its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.05. Webster Financial had a return on equity of 11.46% and a net margin of 23.85%. The business had revenue of $293.40 million during the quarter, compared to the consensus estimate of $291.53 million. During the same period in the previous year, the business earned $0.64 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. equities analysts forecast that Webster Financial Co. will post 3.66 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 20th. Stockholders of record on Monday, August 6th will be issued a $0.33 dividend. The ex-dividend date is Friday, August 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.95%. Webster Financial’s dividend payout ratio (DPR) is 50.97%.

In related news, EVP Charles L. Wilkins sold 3,000 shares of the company’s stock in a transaction on Wednesday, July 25th. The stock was sold at an average price of $67.51, for a total transaction of $202,530.00. Following the completion of the transaction, the executive vice president now directly owns 18,579 shares in the company, valued at approximately $1,254,268.29. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Daniel Bley sold 1,469 shares of the company’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $66.36, for a total value of $97,482.84. Following the transaction, the executive vice president now owns 19,329 shares of the company’s stock, valued at $1,282,672.44. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by insiders.

About Webster Financial

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through four segments: Commercial Banking, Community Banking, HSA Bank, and Private Banking.

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

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