Sunriver Management buys $20,425,158 stake in Webster Financial Corporation (WBS)

Webster Financial Corporation (WBS) : Sunriver Management scooped up 143,000 additional shares in Webster Financial Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 428,380 shares of Webster Financial Corporation which is valued at $20,425,158.Webster Financial Corporation makes up approximately 5.99% of Sunriver Management’s portfolio.

Other Hedge Funds, Including , Brandywine Global Investment Management reduced its stake in WBS by selling 4,330 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 291,286 shares of WBS which is valued at $13,859,388. Webster Financial Corporation makes up approx 0.09% of Brandywine Global Investment Management’s portfolio. Checchi Capital Advisers sold out all of its stake in WBS during the most recent quarter. The investment firm sold 773 shares of WBS which is valued $34,932.Ifp Advisors Inc boosted its stake in WBS in the latest quarter, The investment management firm added 195 additional shares and now holds a total of 6,099 shares of Webster Financial Corporation which is valued at $242,923. Webster Financial Corporation makes up approx 0.01% of Ifp Advisors Inc’s portfolio.Teacher Retirement System Of Texas reduced its stake in WBS by selling 3,008 shares or 23.41% in the most recent quarter. The Hedge Fund company now holds 9,842 shares of WBS which is valued at $392,007. Solaris Asset Management added WBS to its portfolio by purchasing 168 company shares during the most recent quarter which is valued at $6,691.

Webster Financial Corporation opened for trading at $47.03 and hit $47.32 on the upside on Monday, eventually ending the session at $47.04, with a gain of 0.13% or 0.06 points. The heightened volatility saw the trading volume jump to 10,51,614 shares. Company has a market cap of $4,315 M.

On the company’s financial health, Webster Financial Corporation reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 21, 2016. Analyst had a consensus of $0.53. The company had revenue of $246.60 million for the quarter, compared to analysts expectations of $244.06 million. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Webster Financial Corporation. Webster Financial Corporation was Downgraded by Piper Jaffray to ” Underweight” on Nov 16, 2016. Webster Financial Corporation was Downgraded by Wells Fargo to ” Market Perform” on Nov 14, 2016. Company shares were Reiterated by FBR & Co. on Oct 24, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 38 from a previous price target of $36 .

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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