Trillium Asset Management LLC boosted its stake in Webster Financial Corporation (NYSE:WBS) by 34.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,726 shares of the financial services provider’s stock after buying an additional 27,854 shares during the period. Trillium Asset Management LLC’s holdings in Webster Financial Corporation were worth $5,730,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Webster Financial Corporation by 14,031.4% in the first quarter. BlackRock Inc. now owns 10,092,772 shares of the financial services provider’s stock valued at $505,043,000 after buying an additional 10,021,351 shares during the last quarter. State Street Corp boosted its stake in Webster Financial Corporation by 12.5% in the first quarter. State Street Corp now owns 5,006,188 shares of the financial services provider’s stock valued at $250,503,000 after buying an additional 556,988 shares during the last quarter. Vanguard Group Inc. boosted its stake in Webster Financial Corporation by 5.5% in the first quarter. Vanguard Group Inc. now owns 7,564,362 shares of the financial services provider’s stock valued at $378,521,000 after buying an additional 395,457 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in Webster Financial Corporation by 90.6% in the first quarter. Artisan Partners Limited Partnership now owns 578,755 shares of the financial services provider’s stock valued at $28,961,000 after buying an additional 275,056 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Webster Financial Corporation during the first quarter valued at $11,766,000. 97.67% of the stock is owned by institutional investors and hedge funds.

Webster Financial Corporation (NYSE:WBS) opened at 48.98 on Tuesday. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 20.41 and a beta of 1.25. Webster Financial Corporation has a 1-year low of $36.21 and a 1-year high of $57.50. The firm’s 50-day moving average price is $51.99 and its 200-day moving average price is $51.79.

Webster Financial Corporation (NYSE:WBS) last posted its earnings results on Friday, July 21st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. The firm had revenue of $262.50 million for the quarter, compared to the consensus estimate of $260.91 million. Webster Financial Corporation had a return on equity of 9.49% and a net margin of 20.43%. During the same quarter in the prior year, the business posted $0.53 earnings per share. Equities research analysts forecast that Webster Financial Corporation will post $2.55 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.12%. Webster Financial Corporation’s dividend payout ratio is currently 43.33%.

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WBS has been the subject of several research reports. Wedbush reissued an “outperform” rating and set a $60.00 price target on shares of Webster Financial Corporation in a report on Tuesday, June 27th. Zacks Investment Research raised 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. BidaskClub cut Webster Financial Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $58.00 price target on shares of Webster Financial Corporation in a report on Friday, April 21st. Finally, Piper Jaffray Companies reissued a “sell” rating and set a $46.00 price target on shares of Webster Financial Corporation in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $53.00.

In other Webster Financial Corporation 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 transaction of $1,639,799.60. Following the sale, the executive vice president now owns 23,120 shares in the company, valued at $1,186,980.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, the executive vice president now owns 25,657 shares in the company, 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.

About Webster Financial Corporation

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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