Webster Financial Corporation (NYSE:WBS) finished Friday with an addition of $0.68 to close at $58.14, an upside of 1.18 percent. An average of 685,280 shares of common stock have been traded in the last five days. There was a gain of $1.16 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 709,330 shares traded, while the 50-day average volume stands at 652,764.
WBS stock has increased by 14.25% in the last month. The company shares reached their 1-month lowest point of $48.84 on 09/23/21. With the stock rallying to its 52-week high on 03/18/21, shares of the company touched a low of $29.48 and a high of $63.81 in 52 weeks. It has reached a new high 19 times so far this year and achieved 37.94% or $15.99 in price. In spite of this, the price is down -8.89% from the 52-week high.
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242 days have passed since Webster Financial Corporation (WBS) last reported insider trading activity. OSAR KAREN R, who is Director, most recently acquired $5,000 shares at $54.74 per share on Feb 23. In this transaction, the insider spent $273,687. Director, Pettie Mark, disposed of 2,000 shares at a price of $52.00 on Feb 22. The insider now owns more than $104,000 worth of shares. Prior to that, EVP-Head of HSA Bank WILKINS CHARLES L went on to Sale 5,000 shares at $49.66 each on Feb 18. An amount of $248,298 was transacted.
Webster Financial Corporation (WBS) has a trailing price-to-earnings (P/E) ratio of 16.27, which compares with the 16.80 for the broader industry and 13.15 for the sector. In the last five years, Webster Financial Corporation’s PE ratio has ranged between 26.54 and 4.526. The stock’s beta is 1.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.61, the price-to-book (PB) ratio at 1.64, and the price-to-cash flow ratio at 10.84.
Webster Financial Corporation pays a $1.60 dividend per share annually. It offers a dividend yield of 2.75%. The company has a payout ratio of 44.70%. The company’s most recent quarterly dividend payment took place on Aug. 17, and it was $0.40 a share, without any change from last year. Its dividend has been increased for the last 1 year with the latest increase dividend $0.07 reported on Monday April 22 2019.Dividends have grown by 55.34% each year over the last three years.
Further, the company has a long term debt to equity ratio of 0.18 and a total debt to equity ratio of 0.18 for the quarter ending June 29. Its gross profit as reported stood at $891.39 million compared to revenue of $1.0 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Webster Financial Corporation’s return on assets was 1.00%. For the broader industry, ROE averaged 11.10 over the past year.
For the three-month period that ended June 29, Webster Financial Corporation had $565.3 million in total debt. The analyst consensus anticipated Webster Financial Corporation’s latest quarter earnings to come in at $0.99 per share, but it turned out to be $1.21, a 22.20% surprise. At the end of the quarter ending June 29, Webster Financial Corporation’s stock balance sheet showed total debt was $1.37 billion. Shareholders own equity worth $90.59 million.
From a technical analysis perspective, let’s take a brief look at Webster Financial Corporation (WBS) price momentum. RSI 9-day as of the close on 22 October was 68.35%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.52%.
As of today, WBS’s price is $57.66 +2.04% or $1.16 from its 5-day moving average. WBS is currently trading +12.57% higher than its 20-day SMA and +2.14% higher than its 100-day SMA. However, the stock’s current price level is +13.02% above the SMA50 and +23.70% above the SMA200.
The stochastic %K and %D were 86.71% and 83.54%, respectively, and the average true range (ATR) was 1.33. With the 14-day stochastic at 88.24% and the average true range at 1.36, the RSI (14) stands at 67.54%. The stock has reached 0.80 on the 9-day MACD Oscillator while the 14-day reading was at 1.18.
Stephens upgraded Webster Financial Corporation (NYSE: WBS) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight. The consensus rating for Webster Financial Corporation (WBS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WBS, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.
What is WBS’s price target for the next 12 months?
Analysts predict a range of price targets between $60.00 and $68.00, with a median target of $65.50. Taking a look at these predictions, the average price target given by analysts for Webster Financial Corporation (WBS) stock is $64.90.