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12/07/2023 16:10:00 EST
Webster Financial Corporation (WBS)
Industry: Banks - Regional
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, WBS has been trading in a range between $43.72 and $36.42 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
WBS is trading below resistance at $47.48, about 1% to the upside. There is support at $42.44 -10% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Webster Financial Corporation (WBS) entered a Green zone 18 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 4.214, which is a Strong Buy. The current analyst target price is $49.92, which gives it a potential upside of 6.24 % from the recent price of 46.99. The stock is trading 15.47% (potential upside) below its 52 week high of $54.26 and 56.27 % (potential downside) above its 52 week low of $30.07 - based on the recent price.
Company Summary
Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial services to individuals, families, and businesses in the United States It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment provides commercial real estate and equipment financing, business banking, asset-based lending, and commercial services; public sector finance; mortgage warehouse financing; treasury management services; credit, deposit, and cash flow management services; and wealth management solutions to business owners and operators, including trust, asset management, financial planning, insurance, retirement, and investment products, as well as derivative, treasury, accounts payable, accounts receivable, and trade products and services.
News
| Organic Growth Aids Webster Financial (WBS), Higher Debt Ails Webster Financials' (WBS) revenue growth is supported by a rise in NII and non-interest income over the years. Yet, higher debt levels make capital distributions seem unsustainable. Source: Zacks Investment Research Fri, 01 Dec 2023 13:32:07 -0500 Sentiment: Negative |
| CORRECTING and REPLACING Webster Financial Corporation Declares Common and Preferred Dividends STAMFORD, Conn. Source: Business Wire Fri, 27 Oct 2023 17:40:00 -0400 Sentiment: Neutral |
| Webster Financial Corporation Declares Common and Preferred Dividends STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable November 13, 2023, to shareholders of record as of November 3, 2023. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each deposit. Source: Business Wire Tue, 24 Oct 2023 17:30:00 -0400 Sentiment: Neutral |
| Webster Financial (WBS) Declines 2.9% Despite Q3 Earnings Beat A rise in revenues and a slight fall in provisions support Webster Financial's (WBS) Q3 earnings. However, higher operating costs and lower fee income are the undermining factors. Source: Zacks Investment Research Mon, 23 Oct 2023 15:01:05 -0400 Sentiment: Positive |
| Webster Financial Corporation (WBS) Q3 2023 Earnings Call Transcript Webster Financial Corporation (WBS) Q3 2023 Earnings Call Transcript Source: Seeking Alpha Thu, 19 Oct 2023 17:06:04 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 54.2597 52 Week Low: 30.0657 Beta: 1.354 50 Day MA: 40.6192 200 Day MA: 40.7165 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.023 Qtr Revenue Growth YOY: 0.021 Forward PE: 7.391 Trailing PE: 8.8952