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

Webster Financial Corporation (WBS) : Silver Capital Management reduced its stake in Webster Financial Corporation by 1.64% during the most recent quarter end. The investment management company now holds a total of 10,210 shares of Webster Financial Corporation which is valued at $369,296 after selling 170 shares in Webster Financial Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Webster Financial Corporation makes up approximately 1.66% of Silver Capital Management’s portfolio.

Other Hedge Funds, Including , Jennison Associates reduced its stake in WBS by selling 3,739 shares or 6.11% in the most recent quarter. The Hedge Fund company now holds 57,499 shares of WBS which is valued at $2,079,739.Public Employees Retirement Association Of Colorado reduced its stake in WBS by selling 4,623 shares or 1.63% in the most recent quarter. The Hedge Fund company now holds 278,706 shares of WBS which is valued at $10,022,268. Webster Financial Corporation makes up approx 0.08% of Public Employees Retirement Association Of Colorado’s portfolio.Strs Ohio reduced its stake in WBS by selling 14,400 shares or 48.65% in the most recent quarter. The Hedge Fund company now holds 15,200 shares of WBS which is valued at $546,896.Retirement Systems Of Alabama boosted its stake in WBS in the latest quarter, The investment management firm added 352 additional shares and now holds a total of 118,239 shares of Webster Financial Corporation which is valued at $4,254,239. Webster Financial Corporation makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Copper Rock Capital Partners boosted its stake in WBS in the latest quarter, The investment management firm added 14,080 additional shares and now holds a total of 897,706 shares of Webster Financial Corporation which is valued at $32,182,760. Webster Financial Corporation makes up approx 2.34% of Copper Rock Capital Partners’s portfolio.

Webster Financial Corporation closed down -0.27 points or -0.73% at $36.78 with 4,14,246 shares getting traded on Monday. Post opening the session at $37.11, the shares hit an intraday low of $36.7 and an intraday high of $37.35 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Webster Financial Corporation reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.52. The company had revenue of $242.00 million for the quarter, compared to analysts expectations of $240.67 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

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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