Webster Financial Corp. (NYSE:WBS) traded with an addition of $0.56 to $39.57 on Thursday, an upside of 1.44 percent. An average of 1,267,177 shares of common stock have been traded in the last five days. There was a fall of -$0.70 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 1,178,069 shares traded, while the 50-day average volume stands at 1,035,550.
WBS stock has decreased by -7.50% in the last month. The company shares reached their 1-month lowest point of $38.70 on 09/27/23. With the stock rallying to its 52-week high on 02/14/23, shares of the company touched a low of $31.03 and a high of $56.46 in 52 weeks. It has reached a new high 12 times so far this year and lost -16.41% or -$7.90 in price. In spite of this, the price is down -29.91% from the 52-week high.
Insider Transactions
WBS stock investors should be aware that Webster Financial Corp. (WBS) stock had its last reported insider trading activity 114 days ago on Jun 06.
Valuation Metrics
Webster Financial Corp. (WBS) has a trailing price-to-earnings (P/E) ratio of 7.53, which compares with the N/A for the broader industry. The stock’s beta is 1.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.96, the price-to-book (PB) ratio at 0.86, and the price-to-cash flow ratio at 6.08.
The company has a payout ratio of 43.05%. 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 0.11 and a total debt to equity ratio of 0.68 for the quarter ending June 29. Its gross profit as reported stood at $2.03 billion compared to revenue of $2.28 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 Corp.’s return on assets was 1.31%.
Earnings Surprise
For the three-month period that ended June 29, Webster Financial Corp. had $1.05 billion in total debt. The analyst consensus anticipated Webster Financial Corp.’s latest quarter earnings to come in at $1.47 per share, but it turned out to be $1.5, a 2.00% surprise. At the end of the quarter ending June 29, Webster Financial Corp.’s stock balance sheet showed total debt was $5.83 billion. Shareholders own equity worth $173.25 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Webster Financial Corp. (WBS) price momentum. RSI 9-day as of the close on 27 September was 32.42%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.56%.
As of today, WBS’s price is $39.79 -1.76% or -$0.70 from its 5-day moving average. WBS is currently trading -7.08% lower than its 20-day SMA and +16.19% higher than its 100-day SMA. However, the stock’s current price level is -11.04% below the SMA50 and -16.47% below the SMA200.
The stochastic %K and %D were 10.33% and 12.24%, respectively, and the average true range (ATR) was 1.06. With the 14-day stochastic at 17.46% and the average true range at 1.08, the RSI (14) stands at 35.78%. The stock has reached -0.68 on the 9-day MACD Oscillator while the 14-day reading was at -1.34.
Analyst Ratings
Seaport Research Partners launched coverage on Webster Financial Corp. (NYSE: WBS) in its analyst report released on September 12, 2023. The firm assigned the stock a Buy rating. The consensus rating for Webster Financial Corp. (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 1 analysts, while 9 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 $46.00 and $57.00, with a median target of $51.00. Taking a look at these predictions, the average price target given by analysts for Webster Financial Corp. (WBS) stock is $51.15.
