WBS Stock Summary and Trading Ideas (Webster Finl | NYSE:WBS)

Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania. The company's segment includes Commercial Banking, HSA Bank, and Consumer Banking. It generates maximum revenue from the Commercial Banking segment.

Webster Finl trades on the NYSE stock market under the symbol WBS.

As of December 13, 2024, WBS stock price declined to $58.96 with 634,464 million shares trading.

WBS has a beta of 1.01, meaning it tends to be more sensitive to market movements. WBS has a correlation of 0.15 to the broad based SPY ETF.

WBS has a market cap of $10.11 billion. This is considered a Large Cap stock.

Last quarter Webster Finl reported $590 million in Revenue and $1.34 earnings per share. This fell short of revenue expectation by $-5 million and missed earnings estimates by -$.01.

In the last 3 years, WBS traded as high as $65.00 and as low as $31.03.

The top ETF exchange traded funds that WBS belongs to (by Net Assets): IJH, VTI, VB, VBR, KRE.

WBS has underperformed the market in the last year with a price return of +27.0% while the SPY ETF gained +31.7%. However, in the short term, WBS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +35.7% vs +8.4% return in SPY. But in the last 2 weeks, WBS shares have been beat by the market, returning -5.0% compared to an SPY return of +0.9%.

WBS support price is $58.18 and resistance is $59.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WBS shares will trade within this expected range on the day.