Trillium Asset Management LLC Buys 7,699 Shares of Webster Financial Corporation $WBS

Trillium Asset Management LLC lifted its stake in Webster Financial Corporation (NYSE:WBS) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,353 shares of the financial services provider’s stock after acquiring an additional 7,699 shares during the period. Trillium Asset Management LLC owned 0.10% of Webster Financial worth $10,034,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WBS. Royal Bank of Canada increased its position in Webster Financial by 2.2% during the 1st quarter. Royal Bank of Canada now owns 94,385 shares of the financial services provider’s stock valued at $4,866,000 after buying an additional 2,049 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Webster Financial during the 1st quarter valued at about $114,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Webster Financial by 15.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,127 shares of the financial services provider’s stock valued at $2,069,000 after buying an additional 5,299 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Webster Financial by 37.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 652,921 shares of the financial services provider’s stock valued at $33,658,000 after buying an additional 176,258 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Webster Financial by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 476,095 shares of the financial services provider’s stock valued at $24,543,000 after buying an additional 20,090 shares in the last quarter. 85.58% of the stock is owned by institutional investors.

Webster Financial Stock Up 0.9%

Shares of WBS opened at $73.85 on Friday. Webster Financial Corporation has a 52 week low of $50.66 and a 52 week high of $74.00. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 12.09 and a beta of 1.00. The stock’s 50-day moving average price is $72.13 and its 200-day moving average price is $68.58.

Webster Financial (NYSE:WBS) last issued its earnings results on Tuesday, April 28th. The financial services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. Webster Financial had a return on equity of 11.31% and a net margin of 22.95%.The firm had revenue of $764.05 million for the quarter, compared to the consensus estimate of $735.26 million. During the same quarter in the prior year, the business earned $1.30 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts predict that Webster Financial Corporation will post 6.59 EPS for the current year.

Webster Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were paid a $0.40 dividend. The ex-dividend date was Monday, May 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. Webster Financial’s dividend payout ratio is presently 26.19%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Santander lowered Webster Financial from a “neutral” rating to an “underweight” rating in a research report on Tuesday, March 3rd. Citigroup lowered Webster Financial from a “buy” rating to a “hold” rating and set a $75.00 target price on the stock. in a research report on Friday, February 13th. Keefe, Bruyette & Woods reduced their target price on Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a research report on Friday, May 1st. UBS Group assumed coverage on Webster Financial in a research report on Tuesday, April 7th. They set a “neutral” rating and a $69.00 target price on the stock. Finally, Wells Fargo & Company raised Webster Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $73.96.

Webster Financial Company Profile

Webster Financial Corporation is a bank holding company headquartered in Waterbury, Connecticut. Through its principal subsidiary, Webster Bank, N.A., the company offers a broad range of banking products and financial services to individuals, small businesses, and middle-market commercial clients. Key offerings include deposit accounts, residential and commercial real estate lending, equipment finance, treasury management, and payment processing solutions.

In addition to traditional banking services, Webster Financial provides wealth management and insurance products designed to help clients plan for retirement, preserve assets, and manage risk.