Copper Rock Capital Partners buys $32,182,760 stake in Webster Financial Corporation (WBS)

Webster Financial Corporation (WBS) : Copper Rock Capital Partners scooped up 14,080 additional shares in Webster Financial Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 897,706 shares of Webster Financial Corporation which is valued at $32,182,760.Webster Financial Corporation makes up approximately 2.34% of Copper Rock Capital Partners’s portfolio.

Other Hedge Funds, Including , Simplex Trading added WBS to its portfolio by purchasing 1,939 company shares during the most recent quarter which is valued at $69,513. Webster Financial Corporation makes up approx 0.01% of Simplex Trading’s portfolio. Contravisory Investment Management sold out all of its stake in WBS during the most recent quarter. The investment firm sold 204,876 shares of WBS which is valued $7,283,342.Creative Planning boosted its stake in WBS in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 6,467 shares of Webster Financial Corporation which is valued at $229,902. Curian Capital added WBS to its portfolio by purchasing 6,409 company shares during the most recent quarter which is valued at $217,778. Webster Financial Corporation makes up approx 0.02% of Curian Capital’s portfolio.

Webster Financial Corporation closed down -0.17 points or -0.47% at $35.85 with 15,10,025 shares getting traded on Wednesday. Post opening the session at $36.13, the shares hit an intraday low of $35.66 and an intraday high of $36.32 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 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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