Today, Webster Financial Corp. (WBS) Stake Maintained by Mizuho Trust & Banking Co. Ltd.

Today, Webster Financial Corp. (WBS) Stake Maintained by Mizuho Trust & Banking Co. Ltd.

Mizuho Trust & Banking Co. Ltd. continued to hold its position in Webster Financial Corp. (NYSE:WBS) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 142,900 shares of the financial services provider’s stock at the end of the third quarter. Mizuho Trust & Banking Co. Ltd. owned approximately 0.16% of Webster Financial Corp. worth $5,432,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Adams Diversified Equity Fund Inc. bought a new position in Webster Financial Corp. during the second quarter valued at about $329,000. LS Investment Advisors LLC boosted its stake in Webster Financial Corp. by 72.3% in the second quarter. LS Investment Advisors LLC now owns 5,480 shares of the financial services provider’s stock worth $186,000 after buying an additional 2,300 shares during the last quarter. Copper Rock Capital Partners LLC boosted its stake in Webster Financial Corp. by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 897,706 shares of the financial services provider’s stock worth $30,477,000 after buying an additional 14,080 shares during the last quarter. Hartford Financial Management Inc. boosted its stake in Webster Financial Corp. by 0.8% in the second quarter. Hartford Financial Management Inc. now owns 38,510 shares of the financial services provider’s stock worth $1,307,000 after buying an additional 324 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in Webster Financial Corp. by 3.3% in the second quarter. Capstone Asset Management Co. now owns 6,011 shares of the financial services provider’s stock worth $204,000 after buying an additional 190 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Shares of Webster Financial Corp. (NYSE:WBS) traded up 0.92% during trading on Thursday, hitting $49.22. 533,412 shares of the stock were exchanged. Webster Financial Corp. has a 52 week low of $30.09 and a 52 week high of $49.45. The firm has a 50 day moving average price of $41.53 and a 200 day moving average price of $37.97. The firm has a market capitalization of $4.51 billion, a P/E ratio of 23.33 and a beta of 1.17.

Webster Financial Corp. (NYSE:WBS) last posted its earnings results on Friday, October 21st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company earned $246.60 million during the quarter, compared to analysts’ expectations of $178.53 million. Webster Financial Corp. had a net margin of 19.13% and a return on equity of 8.75%. Webster Financial Corp.’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 EPS. Analysts forecast that Webster Financial Corp. will post $2.11 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 22nd. Investors of record on Tuesday, November 8th were given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Friday, November 4th. Webster Financial Corp.’s dividend payout ratio is 46.95%.

WBS has been the topic of a number of analyst reports. Wells Fargo & Co. cut shares of Webster Financial Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, November 14th. Barclays PLC cut shares of Webster Financial Corp. from an “overweight” rating to an “equal weight” rating and set a $38.00 target price on the stock. in a research note on Friday, August 5th. Deutsche Bank AG upped their target price on shares of Webster Financial Corp. from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, September 15th. FBR & Co upped their target price on shares of Webster Financial Corp. from $36.00 to $38.00 and gave the company a “mkt perform” rating in a research note on Monday, October 24th. Finally, Piper Jaffray Cos. cut shares of Webster Financial Corp. from a “neutral” rating to an “underweight” rating and set a $37.50 target price on the stock. in a research note on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Webster Financial Corp. has an average rating of “Hold” and an average target price of $38.07.

In related news, insider Joseph J. Savage sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $40.13, for a total transaction of $100,325.00. Following the transaction, the insider now directly owns 62,667 shares of the company’s stock, valued at $2,514,826.71. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President John R. Ciulla sold 8,496 shares of the firm’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $40.58, for a total transaction of $344,767.68. Following the transaction, the president now directly owns 53,182 shares in the company, valued at $2,158,125.56. The disclosure for this sale can be found here. Corporate insiders own 2.59% of the company’s stock.

About Webster Financial Corp.

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.

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