Ameritas Investment Partners buys $5.3 Million stake in Webster Financial Corporation (WBS)

Webster Financial Corporation (WBS) : Ameritas Investment Partners scooped up 5,591 additional shares in Webster Financial Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 152,491 shares of Webster Financial Corporation which is valued at $5.3 Million.Webster Financial Corporation makes up approximately 0.36% of Ameritas Investment Partners’s portfolio.

Other Hedge Funds, Including , Lazard Asset Management added WBS to its portfolio by purchasing 342,627 company shares during the most recent quarter which is valued at $11.8 Million. Webster Financial Corporation makes up approx 0.03% of Lazard Asset Management’s portfolio.Ftb Advisors reduced its stake in WBS by selling 97 shares or 17.41% in the most recent quarter. The Hedge Fund company now holds 460 shares of WBS which is valued at $15,893. Ausdal Financial Partners sold out all of its stake in WBS during the most recent quarter. The investment firm sold 175 shares of WBS which is valued $6,074. Td Asset Management Inc added WBS to its portfolio by purchasing 9,100 company shares during the most recent quarter which is valued at $315,861.Northpointe Capital reduced its stake in WBS by selling 12,655 shares or 5.58% in the most recent quarter. The Hedge Fund company now holds 214,034 shares of WBS which is valued at $7.8 Million. Webster Financial Corporation makes up approx 0.95% of Northpointe Capital’s portfolio.

Webster Financial Corporation opened for trading at $36.8 and hit $37.42 on the upside on Friday, eventually ending the session at $37.19, with a gain of 1.56% or 0.57 points. The heightened volatility saw the trading volume jump to 8,39,141 shares. Company has a market cap of $3,409 M.

On the company’s financial health, Webster Financial Corporation reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 19, 2016. Analyst had a consensus of $0.53. The company had revenue of $240.10 million for the quarter, compared to analysts expectations of $237.40 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Webster Financial Corporation. Company shares were Reiterated by RBC Capital Mkts on Apr 20, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 36 from a previous price target of $35 .

Webster Financial Corporation (Webster) is a bank and financial holding company. Webster Financial Corporation’s principal assets include the outstanding capital stock of Webster Bank National Association (Webster Bank). Webster 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 and trust and investment services through banking centers automatic teller machines telephone banking mobile banking and online banking through www.websterbank.com. The Company operates in three segments: Commercial Banking Community Banking and Other. The Community Banking consists of the Personal Banking and Business Banking operations. Commercial Banking provides lending deposit and treasury and payment solutions. Other segment activities consist of HSA Bank and the Private Banking operating segments.

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