Copper Rock Capital Partners Lowers stake in Webster Financial Corporation (WBS)

Webster Financial Corporation (WBS) : Copper Rock Capital Partners reduced its stake in Webster Financial Corporation by 0.53% during the most recent quarter end. The investment management company now holds a total of 883,626 shares of Webster Financial Corporation which is valued at $31 Million after selling 4,699 shares in Webster Financial Corporation according to a report filed by the company on Apr 5, 2016 with the SEC.Webster Financial Corporation makes up approximately 2.72% of Copper Rock Capital Partners’s portfolio.

Other Hedge Funds, Including ,

On the company’s financial health, Webster Financial Corporation reported $0.55 EPS for the quarter, based on the information available during the earnings call on Jan 21, 2016. Analyst had a consensus estimate of $0.55. The company had revenue of $233.69 million for the quarter, compared to analysts expectations of $232.20 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Webster Financial Corporation. Shares were Reiterated by FBR Capital on Jan 25, 2016 to “Mkt Perform” and Lowered the Price Target to $ 35 from a previous price target of $42 .Shares were Reiterated by RBC Capital Mkts on Jan 22, 2016 to “Sector Perform” and Lowered the Price Target to $ 35 from a previous price target of $38 .Webster Financial Corporation was Upgraded by Guggenheim to ” Buy” on Jan 15, 2016.

Webster Financial Corporation opened for trading at $35.28 and hit $35.83 on the upside on Monday, eventually ending the session at $35.13, with a gain of 0.31% or 0.11 points. The heightened volatility saw the trading volume jump to 4,22,382 shares. Company has a market cap of $3,212 M.

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 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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