Webster Financial Corp. (NYSE: WBS) Is Down -18.73% Year-To-Date, But There Is Speculation That It Will Rally

Webster Financial Corp. (NYSE:WBS) traded at $41.26 at last check on Wednesday, June 12, made an upward move of 2.40% on its previous day’s price.

Looking at the stock we see that its previous close was $40.29 . The company has a trailing 12-month PE ratio of 8.44. In terms of its 52-week price range, WBS has a high of $53.39 and a low of $36.22. The company’s stock has lost about -9.31% over that past 30 days.

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Webster Financial Corp. has a market cap of $7.07 billion. With its Forward Dividend at 1.60 and a yield of 3.88%, the company’s investors could be anxious for the WBS stock to gain ahead of the earnings release.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the WBS stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Looking further, we note that the PEG ratio for the WBS stock currently stands at 0.43, and the most recent price level today is -5.84% off its SMA20 and -8.75% from its 50-day simple moving average. The RSI (14) is pointing at 35.26 while the volatility over the past week is 1.55% and jumps to 1.81% over the past one month. The beta value is 1.30, while the average true range (ATR) is currently pointing at 0.98.

Coming back to Webster Financial Corp. (NYSE:WBS), we note that the average 3-month trading volume was 1.11 million. Current shares outstanding are 172.02 million.

The insiders hold 0.97% of the company’s shares while institutions hold 87.68%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -18.73% down in year-to-date price movement.

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