Webster Financial Corporation (WBS) has risen sharply, recording gains of 0.32% in the past 4 weeks. However, the stock has corrected -1.62% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.39% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.26% and the 50-Day Moving Average is 2.42%.The 200 Day SMA reached 5.59% Webster Financial Corp. is up 7.5% in the last 3-month period. Year-to-Date the stock performance stands at 3.24%.
Webster Financial Corporation (WBS) : 7 investment research analysts covering Webster Financial Corporation (WBS) have an average price target of $36.21 for the near short term. The highest target price given by the Brokerage Firm to the stock is $42 and the lowest target is $34 for the short term. Analysts expect the variance to be within $3 of the average price.
Company shares have received an average consensus rating of Hold for the current week Webster Financial Corporation (NYSE:WBS): stock was range-bound between the intraday low of $37.09 and the intraday high of $37.87 after having opened at $37.61 on Fridays session. The stock finally closed in the red at $37.61, a loss of -1.05%. The stock remained in the red for the whole trading day. The total traded volume was 1,131,958 shares. The stock failed to cross $37.87 in Fridays trading. The stocks closing price on Thursday was $37.6.
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.