IFP Advisors Inc Has $355,000 Stake in Webster Financial Corporation (WBS)

IFP Advisors Inc decreased its stake in Webster Financial Corporation (NYSE:WBS) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,791 shares of the financial services provider’s stock after selling 65 shares during the period. IFP Advisors Inc’s holdings in Webster Financial Corporation were worth $355,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC raised its position in shares of Webster Financial Corporation by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 15,857 shares of the financial services provider’s stock valued at $793,000 after buying an additional 49 shares during the period. FMR LLC raised its position in shares of Webster Financial Corporation by 0.6% in the fourth quarter. FMR LLC now owns 10,289 shares of the financial services provider’s stock valued at $558,000 after buying an additional 65 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Webster Financial Corporation by 0.7% in the first quarter. Janney Montgomery Scott LLC now owns 15,869 shares of the financial services provider’s stock valued at $794,000 after buying an additional 112 shares during the period. World Asset Management Inc raised its position in shares of Webster Financial Corporation by 2.2% in the second quarter. World Asset Management Inc now owns 5,827 shares of the financial services provider’s stock valued at $304,000 after buying an additional 126 shares during the period. Finally, Creative Planning raised its position in shares of Webster Financial Corporation by 1.6% in the first quarter. Creative Planning now owns 10,019 shares of the financial services provider’s stock valued at $501,000 after buying an additional 155 shares during the period. Institutional investors own 97.67% of the company’s stock.

Webster Financial Corporation (WBS) opened at 48.51 on Wednesday. Webster Financial Corporation has a 1-year low of $36.82 and a 1-year high of $57.50. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 20.21 and a beta of 1.25. The company has a 50-day moving average of $51.93 and a 200-day moving average of $51.75.

Webster Financial Corporation (NYSE:WBS) last posted 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 net margin of 20.43% and a return on equity of 9.49%. The firm had revenue of $262.50 million for the quarter, compared to analyst estimates of $260.91 million. During the same period in the prior year, the firm 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 year.

The company also recently declared 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. This represents a $1.04 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, August 3rd. Webster Financial Corporation’s dividend payout ratio (DPR) is currently 43.33%.

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A number of research firms recently issued reports on WBS. Jefferies Group LLC set a $53.00 target price on shares of Webster Financial Corporation and gave the company a “hold” rating in a research note on Saturday, May 6th. Piper Jaffray Companies reiterated a “sell” rating and issued a $46.00 target price on shares of Webster Financial Corporation in a research note on Friday, July 14th. BidaskClub upgraded shares of Webster Financial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Barclays PLC raised their target price on shares of Webster Financial Corporation from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 25th. Finally, Zacks Investment Research lowered shares of Webster Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $53.00.

In other Webster Financial Corporation news, EVP Daniel Bley sold 8,000 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $51.20, for a total transaction of $409,600.00. Following the sale, the executive vice president now directly owns 25,657 shares of the company’s stock, valued at $1,313,638.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nitin J. Mhatre sold 31,940 shares of the company’s 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 directly owns 23,120 shares in the company, valued at $1,186,980.80. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Webster Financial Corporation Company 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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