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NEW YORK ( TheStreet) -- Webster Financial (NYSE: WBS) hit a new 52-week low Thursday as it is currently trading at $14.95, below its previous 52-week low of $15.10 with 18,802 shares traded as of 9:36 a.m. ET. Average volume has been 647,600 shares over the past 30 days. Webster Financial has a market cap of $1.4 billion and is part of the financial sector and banking industry. Shares are down 21.1% year to date as of the close of trading on Wednesday. Webster Financial Corporation operates as the holding company for the Webster Bank that provides various banking and financial products and services in southern New England and eastern New York State. The company has a P/E ratio of 13.6, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.