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 28.35% during the most recent quarter end. The investment management company now holds a total of 315,905 shares of Webster Financial Corporation which is valued at $11,565,282 after selling 125,000 shares in Webster Financial Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Webster Financial Corporation makes up approximately 3.68% of Tricadia Capital Management’s portfolio.

Other Hedge Funds, Including , Teachers Advisors Inc boosted its stake in WBS in the latest quarter, The investment management firm added 8,512 additional shares and now holds a total of 141,748 shares of Webster Financial Corporation which is valued at $5,189,394. Webster Financial Corporation makes up approx 0.01% of Teachers Advisors Inc’s portfolio.California State Teachers Retirement System reduced its stake in WBS by selling 24 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 192,829 shares of WBS which is valued at $6,974,625. Webster Financial Corporation makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Ngam Advisors reduced its stake in WBS by selling 14,943 shares or 6.05% in the most recent quarter. The Hedge Fund company now holds 232,175 shares of WBS which is valued at $8,397,770. Webster Financial Corporation makes up approx 0.11% of Ngam Advisors’s portfolio.Ftb Advisors reduced its stake in WBS by selling 25 shares or 5.43% in the most recent quarter. The Hedge Fund company now holds 435 shares of WBS which is valued at $15,643.

Webster Financial Corporation (WBS) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $37.74 and reached the intraday high at $37.8. The bulls started the profit booking and pushed the shares to intraday low of $37.525. The trading session was marked by a volume range of 3,72,309 shares exchanging hands. The 52-week high of the shares is $40.72 and the 52-week low is $30.09. The market cap of the company stands at $3,441 M and there are 9,16,74,484 shares in public circulation.

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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