Taking a Look at the Data Behind Webster Financial Corporation (WBS)

Webster Financial Corporation (NYSE:WBS) is an interesting player in the Financial space, with a focus on Regional – Northeast Banks. The stock has been active on the tape, currently trading at $53.13, up from yesterday’s close by -1.87%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

No amount of research is complete without a bird’s eye view of the financial data. Webster Financial Corporation (WBS) currently trades with a market capitalization of $4.87B. That value represents a market adjusting for revenues that have been growing by 7.40% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For WBS, the company currently has $276.97M of cash on the books, which is offset by $3.61B current liabilities. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of 0.55 on a per share basis this quarter. Perhaps, that suggests something about why 92.90% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Webster Financial Corporation recorded a 52-week high of 55.80. It is now trading 1.66 off that level. The stock is trading 53.19 its 50-day moving average by -0.95. The stock carved out a 52-week low down at 30.09.

In recent action, Webster Financial Corporation (WBS) has made a move of -0.45% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 41.33, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 90.60M with 7.34% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of WBS.

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