Webster Financial Co. (NYSE:WBS) Shares Sold by Nitorum Capital L.P.

Nitorum Capital L.P. lowered its position in Webster Financial Co. (NYSE:WBS - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 414,615 shares of the financial services provider's stock after selling 21,844 shares during the period. Webster Financial makes up approximately 2.6% of Nitorum Capital L.P.'s investment portfolio, making the stock its 17th largest holding. Nitorum Capital L.P. owned 0.24% of Webster Financial worth $22,895,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in Webster Financial in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new stake in Webster Financial in the 4th quarter worth approximately $32,000. R Squared Ltd purchased a new stake in Webster Financial in the 4th quarter worth approximately $43,000. UMB Bank n.a. boosted its position in Webster Financial by 88.1% in the 4th quarter. UMB Bank n.a. now owns 1,119 shares of the financial services provider's stock worth $62,000 after purchasing an additional 524 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its position in Webster Financial by 742.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,264 shares of the financial services provider's stock worth $70,000 after purchasing an additional 1,114 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company's stock.

Analysts Set New Price Targets

WBS has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered their price objective on Webster Financial from $70.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday. Wells Fargo & Company lowered their price objective on Webster Financial from $75.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley lowered their price objective on Webster Financial from $75.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Raymond James lowered their price objective on Webster Financial from $65.00 to $58.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. Finally, Barclays decreased their target price on Webster Financial from $80.00 to $72.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.73.

Insider Buying and Selling

In related news, Director Laurence C. Morse sold 13,217 shares of Webster Financial stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $59.07, for a total value of $780,728.19. Following the completion of the transaction, the director now owns 18,808 shares in the company, valued at approximately $1,110,988.56. The trade was a 41.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John R. Ciulla sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $57.43, for a total transaction of $459,440.00. Following the sale, the chief executive officer now owns 210,051 shares in the company, valued at approximately $12,063,228.93. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Webster Financial Price Performance

NYSE WBS traded up $0.14 during mid-day trading on Monday, hitting $47.64. The stock had a trading volume of 1,127,562 shares, compared to its average volume of 1,274,225. The firm's 50 day moving average is $49.28 and its 200 day moving average is $54.45. Webster Financial Co. has a twelve month low of $39.34 and a twelve month high of $63.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 1.02 and a beta of 1.05.

Webster Financial (NYSE:WBS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.08). Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. The firm had revenue of $704.80 million during the quarter, compared to analyst estimates of $708.46 million. During the same period in the prior year, the company posted $1.35 earnings per share. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts forecast that Webster Financial Co. will post 5.88 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Monday, February 10th. Webster Financial's payout ratio is 36.04%.

About Webster Financial

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.