Webster Financial Corporation (NYSE:WBS) has tumbled 6.7% during the past week and has dropped 5.3% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.58%. Webster Financial Corporation (NYSE:WBS) has underperformed the index by 6.16% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Webster Financial Corporation (NYSE:WBS): The stock opened at $35.69 on Friday but the bulls could not build on the opening and the stock topped out at $35.90 for the day. The stock traded down to $34.99 during the day, due to lack of any buying support eventually closed down at $35.22 with a loss of -1.48% for the day. The stock had closed at $35.75 on the previous day. The total traded volume was 2,365,717 shares.
The company shares have dropped -9.55% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $40.72 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $37.01 and the 200 Day Moving Average price is recorded at $35.94.
On the companys insider trading activities, The officer (EVP – Private Banking), of Webster Financial Corp, Fitzpatrick Daniel Manning had unloaded 6,001 shares at $35.31 per share in a transaction on May 4, 2016. The total value of transaction was $211,895. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Barclays maintains its rating on Webster Financial Corporation (NYSE:WBS). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays lowers the price target from $42 per share to $40 per share. The rating by the firm was issued on March 21, 2016. Currently the company Insiders own 2.59% of Webster Financial Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.31% . Institutional Investors own 91.6% of Webster Financial Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -2.74%.
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.