Shares of Webster Financial Corporation (WBS) Sees Large Outflow of Money

Webster Financial Corporation (WBS) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($4.84 million) and the uptick to downtick ratio was 0.48. The transaction value on upticks was $4.4 million and on downticks, the transaction value was $9.23 million. In block trades, the transaction value of inflow done during uptick was $0.36 million. The transaction value of block trades during downticks was $5.02 million. The uptick to downtick block trade ratio was 0.07. The money flow was negative ($4.66 million), indicating the traders were booking profit on the price strength. Webster Financial Corporation (WBS) rose $0.01 at $36.03, during intraday Wednesday , a rise of 0.03% over the previous days close.


Also, Equity analysts at the Brokerage firm JP Morgan 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 JP Morgan lowers the price target from $39 per share to $38 per share. The rating by the firm was issued on July 7, 2016.

Webster Financial Corporation (NYSE:WBS): The stock opened at $36.13 on Wednesday but the bulls could not build on the opening and the stock topped out at $36.32 for the day. The stock traded down to $35.66 during the day, due to lack of any buying support eventually closed down at $35.85 with a loss of -0.47% for the day. The stock had closed at $36.02 on the previous day. The total traded volume was 1,510,025 shares.

The stock has recorded a 20-day Moving Average of 4.28% and the 50-Day Moving Average is 0.67%. In a related news, Fitzpatrick Daniel Manning, officer (EVP – Private Banking) of Webster Financial Corp, unloaded 6,001 shares at an average price of $35.31 on May 4, 2016. The total amount of the transaction was worth $211,895, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.