Are You Looking To Buy Webster Financial Corporation (WBS)? First, Read This

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Webster Financial Corporation (NYSE:WBS) traded with a subtraction of -$0.79 to $46.06 on Thursday, a downside of -1.69 percent. An average of 1,295,941 shares of common stock have been traded in the last five days. There was a fall of -$1.71 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 978,885 shares traded, while the 50-day average volume stands at 840,404.

WBS stock has decreased by -1.99% in the last month. The company shares reached their 1-month lowest point of $44.37 on 09/06/22. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $40.72 and a high of $65.00 in 52 weeks. It has reached a new high 8 times so far this year and lost -16.10% or -$9.83 in price. In spite of this, the price is down -29.14% from the 52-week high.


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Insider Transactions

14 days have passed since Webster Financial Corporation (WBS) last reported insider trading activity. Massiani Luis, who is Chief Operating Officer, most recently acquired $20,000 shares at $47.35 per share on Sep 08. In this transaction, the insider spent $947,039. Chief Operating Officer, Massiani Luis, disposed of 8,000 shares at a price of $46.43 on Aug 05. The insider now owns more than $371,447 worth of shares. Prior to that, Chief Human Resources Officer Evans Javier L. went on to Sale 1,975 shares at $47.02 each on May 18. An amount of $92,866 was transacted.

Valuation Metrics

Webster Financial Corporation (WBS) has a trailing price-to-earnings (P/E) ratio of 15.06. The stock’s beta is 1.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.01, the price-to-book (PB) ratio at 1.07, and the price-to-cash flow ratio at 10.32.

The company has a payout ratio of 51.40%. The company’s most recent quarterly dividend payment was $0.40 a share, without any change from last year. Its latest increase dividend $0.07 reported on Monday April 22 2019.

Financial Health

Further, the company has a long term debt to equity ratio of 0.14 and a total debt to equity ratio of 0.14 for the quarter ending June 29. Its gross profit as reported stood at $901.09 million compared to revenue of $942.84 million.

Earnings Surprise

For the three-month period that ended June 29, Webster Financial Corporation had $1.08 billion in total debt. The analyst consensus anticipated Webster Financial Corporation’s latest quarter earnings to come in at $1.25 per share, but it turned out to be $1.29, a 3.20% surprise. At the end of the quarter ending June 29, Webster Financial Corporation’s stock balance sheet showed total debt was $5.33 billion. Shareholders own equity worth $175.83 million.

Technical Picture

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 21 September was 38.65%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.31%.

As of today, WBS’s price is $46.87 -3.58% or -$1.71 from its 5-day moving average. WBS is currently trading -3.87% lower than its 20-day SMA and -7.96% lower than its 100-day SMA. However, the stock’s current price level is +7.85% above the SMA50 and -16.41% below the SMA200.

The stochastic %K and %D were 44.13% and 50.27%, respectively, and the average true range (ATR) was 1.26. With the 14-day stochastic at 31.06% and the average true range at 1.26, the RSI (14) stands at 43.11%. The stock has reached -0.71 on the 9-day MACD Oscillator while the 14-day reading was at -0.44.

Analyst Ratings

Wedbush downgraded Webster Financial Corporation (NYSE: WBS) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform. 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 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 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 $50.00 and $77.00, with a median target of $58.00. Taking a look at these predictions, the average price target given by analysts for Webster Financial Corporation (WBS) stock is $60.56.

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