Webster Financial Reaches New 52-Week High (WBS)

NEW YORK ( TheStreet) -- Webster Financial (NYSE: WBS) hit a new 52-week high Monday as it is currently trading at $23.92, above its previous 52-week high of $23.90 with 295,217 shares traded as of 2:25 p.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 14.1% year to date as of the close of trading on Friday.

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 13.8, 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, compelling growth in net income, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Webster Financial Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing