The closing price of Webster Financial Corporation (NYSE: WBS) was 45.99 for the day, down -1.84% from the previous closing price of $46.85. In other words, the price has decreased by $-0.86 from its previous closing price. On the day, 1558818 shares were traded. WBS reached its highest trading level at $46.99 during the session, while it also had its lowest trading level at $45.74.
Our analysis of WBS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.13. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.14.
Upgrades & Downgrades
Piper Sandler Upgraded its Neutral to Overweight on February 02, 2022, whereas the target price for the stock was revised from $58 to $72.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 08 when Massiani Luis sold 20,000 shares for $47.35 per share. The transaction valued at 947,039 led to the insider holds 132,910 shares of the business.
Massiani Luis sold 8,000 shares of WBS for $371,447 on Aug 05. The Chief Operating Officer now owns 152,910 shares after completing the transaction at $46.43 per share. On May 18, another insider, Evans Javier L., who serves as the Chief Human Resources Officer of the company, sold 1,975 shares for $47.02 each. As a result, the insider received 92,866 and left with 34,929 shares of the company.
As of this moment, Webster’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.79, and their Forward P/E ratio for the next fiscal year is 7.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.90 while its Price-to-Book (P/B) ratio in mrq is 1.05.
Stock Price History:
Over the past 52 weeks, WBS has reached a high of $65.00, while it has fallen to a 52-week low of $40.72. The 50-Day Moving Average of the stock is 46.95, while the 200-Day Moving Average is calculated to be 51.68.
WBS traded an average of 886.21K shares per day over the past three months and 1.25M shares per day over the past ten days. A total of 175.84M shares are outstanding, with a floating share count of 173.98M. Insiders hold about 0.60% of the company’s shares, while institutions hold 87.90% stake in the company. Shares short for WBS as of Jul 14, 2022 were 4.59M with a Short Ratio of 5.01, compared to 4.83M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.61% and a Short% of Float of 2.94%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.60, WBS has a forward annual dividend rate of 1.60. Against a Trailing Annual Dividend Yield of 3.42%, it implies a Forward Annual Dividend Yield of 3.44%. The stock’s 5-year Average Dividend Yield is 3.12. The current Payout Ratio is 51.40% for WBS, which recently paid a dividend on Aug 16, 2022 with an ex-dividend date of Jul 31, 2022. Stock splits for the company last occurred on Apr 14, 1998 when the company split stock in a 2:1 ratio.
The firm’s stock currently is rated by 10 analysts. On average, analysts expect EPS of $1.41 for the current quarter, with a high estimate of $1.49 and a low estimate of $1.32, while EPS last year was $1.08. The consensus estimate for the next quarter is $1.51, with high estimates of $1.62 and low estimates of $1.4.
Analysts are recommending an EPS of between $5.45 and $5.2 for the fiscal current year, implying an average EPS of $5.34. EPS for the following year is $6.34, with 10 analysts recommending between $6.67 and $5.95.
A total of 9 analysts have provided revenue estimates for WBS’s current fiscal year. The highest revenue estimate was $2.01B, while the lowest revenue estimate was $1.93B, resulting in an average revenue estimate of $1.97B. In the same quarter a year ago, actual revenue was $901.09M, up 119.00% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $2.28B in the next fiscal year. The high estimate is $2.36B and the low estimate is $2.2B. The average revenue growth estimate for next year is up 15.50% from the average revenue estimate for this year.