Dividend Watching: Nov 22, 2016 will be the day that Webster Financial Corporation (NYSE:WBS) dividends reach $0.25.

Dividend Watching: Nov 22, 2016 will be the day that Webster Financial Corporation (NYSE:WBS) dividends reach $0.25.

Webster Financial Corporation (NYSE:WBS) is expected to pay $0.25 on Nov 22, 2016. The indicated annual dividend is $1.00. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on Webster Financial Corporation’s current price of $40.08, the dividend is 0.62%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 26, 2016. The stock closed at $40.08 during the last session. It is down 12.11% since April 1, 2016 and is uptrending. It has outperformed by 10.90% the S&P500.

Webster Financial Corporation is a bank and financial holding company. The company has a market cap of $3.65 billion. The Company’s divisions include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. It has a 19.04 P/E ratio. The Commercial Banking segment includes middle market, asset lending, commercial real estate, equipment finance, and treasury and payment solutions.

Insitutional Activity: The institutional sentiment increased to 1.65 in Q2 2016. Its up 0.60, from 1.05 in 2016Q1. The ratio is positive, as 20 funds sold all Webster Financial Corporation shares owned while 59 reduced positions. 29 funds bought stakes while 101 increased positions. They now own 84.19 million shares or 1.10% more from 83.27 million shares in 2016Q1.
Neuberger Berman Grp Ltd Liability Com holds 0% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 19,863 shares. Financial Bank Of Montreal Can holds 0% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 9,486 shares. Icon Advisers Co last reported 0.02% of its portfolio in the stock. Nomura Asset Management Limited holds 0% or 1,760 shares in its portfolio. Glenmede Trust Com Na has invested 0% of its portfolio in Webster Financial Corporation (NYSE:WBS). Hsbc Holdings Public Ltd Com has 9,690 shares for 0% of their US portfolio. Jpmorgan Chase And Communication reported 389,202 shares or 0% of all its holdings. Schwab Charles Invest Mngmt reported 401,680 shares or 0.02% of all its holdings. Tci Wealth Advsr Inc reported 67 shares or 0% of all its holdings. Waddell Reed Inc last reported 0.06% of its portfolio in the stock. Sg Americas Secs Ltd Liability Corp has invested 0.01% of its portfolio in Webster Financial Corporation (NYSE:WBS). Citadel Advsr Limited holds 0% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 10,312 shares. Pnc Financial Svcs Grp Inc Inc holds 0% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 8,477 shares. Moreover, Stifel Finance Corp has 0.01% invested in Webster Financial Corporation (NYSE:WBS) for 72,685 shares. Rhumbline Advisers holds 0.02% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 207,751 shares.

Insider Transactions: Since May 4, 2016, the stock had 1 insider purchase, and 12 insider sales for $1.95 million net activity. 3,000 Webster Financial Corporation (NYSE:WBS) shares with value of $119,463 were sold by CRAWFORD JOHN JOSEPH. 4,468 Webster Financial Corporation (NYSE:WBS) shares with value of $177,560 were sold by BLEY DANIEL. JACOBI C MICHAEL also sold $182,961 worth of Webster Financial Corporation (NYSE:WBS) on Friday, October 28. Another trade for 2,900 shares valued at $104,313 was made by FLYNN ELIZABETH E on Wednesday, August 3. On Thursday, July 28 MADAR GREGORY sold $18,061 worth of the stock or 500 shares. OSAR KAREN R sold $503,305 worth of stock or 12,500 shares. Another trade for 8,496 shares valued at $344,789 was made by CIULLA JOHN R on Thursday, October 27.

Webster Financial Corporation (NYSE:WBS) Ratings Coverage

Out of 10 analysts covering Webster Financial (NYSE:WBS), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. $45 is the highest target while $35 is the lowest. The $39.73 average target is -0.87% below today’s ($40.08) stock price. Webster Financial has been the topic of 23 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The stock of Webster Financial Corporation (NYSE:WBS) has “Mkt Perform” rating given on Monday, January 25 by FBR Capital. The rating was maintained by RBC Capital Markets on Friday, October 16 with “Sector Perform”. The company was upgraded on Friday, January 15 by Guggenheim. The firm earned “Equal-Weight” rating on Friday, August 5 by Barclays Capital. The stock of Webster Financial Corporation (NYSE:WBS) earned “Overweight” rating by JP Morgan on Tuesday, November 24. RBC Capital Markets maintained Webster Financial Corporation (NYSE:WBS) rating on Friday, January 22. RBC Capital Markets has “Sector Perform” rating and $35 price target. The stock of Webster Financial Corporation (NYSE:WBS) earned “Overweight” rating by Barclays Capital on Monday, March 21. As per Tuesday, September 22, the company rating was upgraded by Zacks. Zacks upgraded the shares of WBS in a report on Tuesday, September 8 to “Hold” rating. The firm has “Sell” rating by Zacks given on Tuesday, September 1.

More recent Webster Financial Corporation (NYSE:WBS) news were published by: Prnewswire.com which released: “Webster Financial Corporation Releases Results of 2016 Dodd-Frank Act Stress Test” on October 18, 2016. Also Prnewswire.com published the news titled: “Webster Reports 2016 Third Quarter Earnings” on October 21, 2016. Seekingalpha.com‘s news article titled: “Webster Financial: High P/E, Modest Growth” with publication date: October 24, 2016 was also an interesting one.

WBS Company Profile

Webster Financial Corporation (Webster), incorporated on September 10, 1986, is a bank and financial holding company. The Company’s principal asset is all of the outstanding capital stock of Webster Bank, National Association (Webster Bank). The Company’s divisions include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Company, through Webster Bank and non-banking financial services subsidiaries, delivers financial services to individuals, families and businesses. Webster Bank provides commercial, small business and consumer banking, mortgage lending, financial planning, trust and investment services through over 160 banking centers, approximately 320 automatic teller machines (ATMs), telephone banking, mobile banking and online banking through its Website, www.websterbank.com. Webster Bank also offers equipment financing, commercial real estate lending and asset lending across the Northeast.

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