The price of Webster Financial Corp. (NYSE: WBS) closed at $48.02 in the last session, down -0.99% from day before closing price of $48.50. In other words, the price has decreased by -$0.48 from its previous closing price. On the day, 1021641 shares were traded. WBS stock price reached its highest trading level at $49.21 during the session, while it also had its lowest trading level at $47.92.
Ratios:
We take a closer look at WBS’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.13.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on March 08, 2024, initiated with a Overweight rating and assigned the stock a target price of $70.
On January 24, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $60 to $65.
On January 11, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $60.BofA Securities initiated its Buy rating on January 11, 2024, with a $60 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 11 ’24 when MOTL CHRISTOPHER J sold 13,881 shares for $49.00 per share. The transaction valued at 680,169 led to the insider holds 59,647 shares of the business.
GRIFFIN JAMES MI sold 1,200 shares of WBS for $58,174 on Mar 11 ’24. The Head of Consumer Banking now owns 15,440 shares after completing the transaction at $48.48 per share. On Mar 05 ’24, another insider, SOTO JASON A., who serves as the Chief Credit Officer of the company, sold 907 shares for $48.17 each. As a result, the insider received 43,694 and left with 23,091 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WBS now has a Market Capitalization of 8.24B. As of this moment, Webster’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.79, and their Forward P/E ratio for the next fiscal year is 7.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.09 while its Price-to-Book (P/B) ratio in mrq is 0.98.
Stock Price History:
Over the past 52 weeks, WBS has reached a high of $53.39, while it has fallen to a 52-week low of $31.03. The 50-Day Moving Average of the stock is 48.50, while the 200-Day Moving Average is calculated to be 44.54.
Shares Statistics:
According to the various share statistics, WBS traded on average about 1.14M shares per day over the past 3-months and 922.61k shares per day over the past 10 days. A total of 172.02M shares are outstanding, with a floating share count of 170.08M. Insiders hold about 0.98% of the company’s shares, while institutions hold 87.42% stake in the company. Shares short for WBS as of Mar 15, 2024 were 3.53M with a Short Ratio of 3.10, compared to 3.51M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.06% and a Short% of Float of 2.32%.
Dividends & Splits
The forward annual dividend rate for WBS is 1.60, which was 1.60 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.30%, it implies a Forward Annual Dividend Yield of 3.30%. The stock’s 5-year Average Dividend Yield is 3.64. The current Payout Ratio is 32.61% for WBS, which recently paid a dividend on Feb 16, 2024 with an ex-dividend date of Feb 02, 2024. Stock splits for the company last occurred on Apr 15, 1998 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 15 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.42 for the current quarter, with a high estimate of $1.56 and a low estimate of $1.33, while EPS last year was $1.49. The consensus estimate for the next quarter is $1.45, with high estimates of $1.6 and low estimates of $1.27.
Analysts are recommending an EPS of between $6.36 and $5.16 for the fiscal current year, implying an average EPS of $5.86. EPS for the following year is $6.42, with 14 analysts recommending between $6.99 and $5.58.
Revenue Estimates
According to 11 analysts, the current quarter’s revenue is expected to be $617.72M. It ranges from a high estimate of $688.99M to a low estimate of $579.5M. As of the current estimate, Webster Financial Corp.’s year-ago sales were $606.37M, an estimated increase of 1.90% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $632.57M, an increase of 8.30% over than the figure of $1.90% in the same quarter last year. There is a high estimate of $702.79M for the next quarter, whereas the lowest estimate is $596.5M.
A total of 11 analysts have provided revenue estimates for WBS’s current fiscal year. The highest revenue estimate was $2.81B, while the lowest revenue estimate was $2.4B, resulting in an average revenue estimate of $2.54B. In the same quarter a year ago, actual revenue was $2.34B, up 8.70% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $2.67B in the next fiscal year. The high estimate is $3.01B and the low estimate is $2.51B. The average revenue growth estimate for next year is up 5.20% from the average revenue estimate for this year.
