Webster Financial Corporation (WBS) : First Mercantile Trust Co scooped up 4,565 additional shares in Webster Financial Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 38,767 shares of Webster Financial Corporation which is valued at $1,493,305.Webster Financial Corporation makes up approximately 0.20% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , Advisory Services Network boosted its stake in WBS in the latest quarter, The investment management firm added 137 additional shares and now holds a total of 936 shares of Webster Financial Corporation which is valued at $36,055. Webster Financial Corporation makes up approx 0.01% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in WBS by selling 25,300 shares or 60.21% in the most recent quarter. The Hedge Fund company now holds 16,718 shares of WBS which is valued at $646,987.Independent Portfolio Consultants boosted its stake in WBS in the latest quarter, The investment management firm added 285 additional shares and now holds a total of 6,105 shares of Webster Financial Corporation which is valued at $236,264. Webster Financial Corporation makes up approx 0.07% of Independent Portfolio Consultants’s portfolio.
Webster Financial Corporation closed down -0.08 points or -0.21% at $38.52 with 6,14,607 shares getting traded on Friday. Post opening the session at $38.54, the shares hit an intraday low of $37.93 and an intraday high of $38.61 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Corporations 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.