Inside a $75 Million Regional Bank Bet With $732 Million in Quarterly Revenue

New York City-based 140 Summer Partners established a new position in Webster Financial Corporation (NYSE:WBS), acquiring 1.27 million shares worth an estimated $75.46 million, according to an SEC filing on November 13.According to a filing with the Securities and Exchange Commission (SEC) released on November 13, 140 Summer Partners LP initiated a new stake in Webster Financial Corporation (NYSE:WBS) totaling 1.27 million shares. The position, valued at $75.46 million as of September 30, accounted for 6.55% of the fund’s reportable U.S. equity assets, bringing total disclosed holdings to 21 positions.Top holdings after the filing:  Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool