Tricadia Capital Management Lowers stake in Webster Financial Corporation (WBS)

Webster Financial Corporation (WBS) : Tricadia Capital Management reduced its stake in Webster Financial Corporation by 41.84% during the most recent quarter end. The investment management company now holds a total of 440,905 shares of Webster Financial Corporation which is valued at $15.2 Million after selling 317,157 shares in Webster Financial Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Webster Financial Corporation makes up approximately 5.71% of Tricadia Capital Management’s portfolio.

Other Hedge Funds, Including , Essex Financial Services boosted its stake in WBS in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 15,571 shares of Webster Financial Corporation which is valued at $537,978. Webster Financial Corporation makes up approx 0.13% of Essex Financial Services’s portfolio.Mutual Of America Capital Management boosted its stake in WBS in the latest quarter, The investment management firm added 3,154 additional shares and now holds a total of 64,033 shares of Webster Financial Corporation which is valued at $2.2 Million. Webster Financial Corporation makes up approx 0.05% of Mutual Of America Capital Management’s portfolio.Ifp Advisors Inc reduced its stake in WBS by selling 115 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 5,942 shares of WBS which is valued at $206,247. Webster Financial Corporation makes up approx 0.01% of Ifp Advisors Inc’s portfolio.Aperio Group boosted its stake in WBS in the latest quarter, The investment management firm added 3,980 additional shares and now holds a total of 19,086 shares of Webster Financial Corporation which is valued at $699,311. Webster Financial Corporation makes up approx 0.01% of Aperio Group’s portfolio.Smith Graham Investment Advisors Lp boosted its stake in WBS in the latest quarter, The investment management firm added 6,510 additional shares and now holds a total of 185,370 shares of Webster Financial Corporation which is valued at $6.8 Million. Webster Financial Corporation makes up approx 0.89% of Smith Graham Investment Advisors Lp’s portfolio.

Webster Financial Corporation opened for trading at $34.57 and hit $35.81 on the upside on Monday, eventually ending the session at $35.68, with a gain of 3.27% or 1.13 points. The heightened volatility saw the trading volume jump to 12,46,552 shares. Company has a market cap of $3,270 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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