Webster Financial Reaches New 52-Week High (WBS)

NEW YORK ( TheStreet) -- Webster Financial (NYSE: WBS) hit a new 52-week high Friday as it is currently trading at $23.67, above its previous 52-week high of $23.61 with 150,761 shares traded as of 10:45 a.m. ET. Average volume has been 514,400 shares over the past 30 days.

Webster Financial has a market cap of $1.88 billion and is part of the financial sector and banking industry. Shares are up 14.9% year to date as of the close of trading on Thursday.

Webster Financial Corporation operates as the holding company for the Webster Bank that provides various banking and financial products and services. The company has a P/E ratio of 14.4, above the average banking industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Webster Financial as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins, increase in stock price during the past year and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Webster Financial Ratings Report.

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