Cinctive Capital Management LP Increases Holdings in Webster Financial Co. (NYSE:WBS)

Cinctive Capital Management LP increased its stake in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 81.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,988 shares of the financial services provider's stock after acquiring an additional 46,359 shares during the quarter. Cinctive Capital Management LP owned approximately 0.06% of Webster Financial worth $5,687,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Webster Financial during the 4th quarter worth about $26,000. Headlands Technologies LLC acquired a new position in Webster Financial during the 4th quarter worth approximately $32,000. R Squared Ltd bought a new position in Webster Financial in the fourth quarter worth approximately $43,000. UMB Bank n.a. grew its stake in Webster Financial by 88.1% in the fourth quarter. UMB Bank n.a. now owns 1,119 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 524 shares during the period. Finally, Grove Bank & Trust bought a new stake in shares of Webster Financial during the fourth quarter valued at approximately $105,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Webster Financial

In other news, CEO John R. Ciulla sold 8,000 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $57.43, for a total value of $459,440.00. Following the sale, the chief executive officer now directly owns 210,051 shares of the company's stock, valued at $12,063,228.93. This represents a 3.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laurence C. Morse sold 13,217 shares of Webster Financial stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $59.07, for a total transaction of $780,728.19. Following the transaction, the director now directly owns 18,808 shares of the company's stock, valued at approximately $1,110,988.56. This trade represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.88% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have weighed in on WBS shares. Wells Fargo & Company upgraded shares of Webster Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $70.00 to $75.00 in a report on Monday, January 6th. StockNews.com upgraded shares of Webster Financial from a "sell" rating to a "hold" rating in a report on Saturday, January 11th. Raymond James cut their price target on Webster Financial from $65.00 to $58.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Morgan Stanley lowered their price objective on Webster Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Finally, Royal Bank of Canada raised their target price on Webster Financial from $66.00 to $68.00 and gave the company an "outperform" rating in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Webster Financial currently has a consensus rating of "Moderate Buy" and an average target price of $62.92.

Webster Financial Trading Down 0.7 %

Shares of WBS stock traded down $0.30 during trading hours on Monday, reaching $41.46. The company's stock had a trading volume of 749,143 shares, compared to its average volume of 1,172,994. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $7.10 billion, a P/E ratio of 9.49, a P/E/G ratio of 1.02 and a beta of 1.05. The firm's fifty day simple moving average is $54.62 and its 200 day simple moving average is $54.67. Webster Financial Co. has a one year low of $39.33 and a one year high of $63.99.

Webster Financial (NYSE:WBS - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.08. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. The business had revenue of $661.00 million for the quarter, compared to the consensus estimate of $687.53 million. During the same period in the previous year, the firm earned $1.46 EPS. Equities research analysts expect that Webster Financial Co. will post 5.88 EPS for the current year.

Webster Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were issued a $0.40 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.60 annualized dividend and a yield of 3.86%. Webster Financial's dividend payout ratio (DPR) is presently 36.61%.

Webster Financial Company Profile

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.