Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Webster Financial Corp. (NYSE: WBS) closed the day trading at $44.89 down -0.31% from the previous closing price of $45.03. In other words, the price has decreased by -$0.31 from its previous closing price. On the day, 1.24 million shares were traded. WBS stock price reached its highest trading level at $45.58 during the session, while it also had its lowest trading level at $44.77.
Ratios:
For a better understanding of WBS, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.56.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 7766059520 and an Enterprise Value of 11416995840. As of this moment, Webster’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.18, and their Forward P/E ratio for the next fiscal year is 7.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.88 while its Price-to-Book (P/B) ratio in mrq is 0.91. Its current Enterprise Value per Revenue stands at 4.562.
Stock Price History:
The Beta on a monthly basis for WBS is 1.34, which has changed by 0.3019141 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. 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 -6.07%, while the 200-Day Moving Average is calculated to be -0.77%.
Shares Statistics:
Over the past 3-months, WBS traded about 1.19M shares per day on average, while over the past 10 days, WBS traded about 1359560 shares per day. A total of 172.02M shares are outstanding, with a floating share count of 169.85M. Insiders hold about 0.98% of the company’s shares, while institutions hold 86.88% stake in the company. Shares short for WBS as of 1713139200 were 3104155 with a Short Ratio of 2.60, compared to 1710460800 on 3529655. Therefore, it implies a Short% of Shares Outstanding of 3104155 and a Short% of Float of 2.0299999.
Dividends & Splits
WBS’s forward annual dividend rate is 1.60, up from 1.6 a year ago. Against a Trailing Annual Dividend Yield of 0.035531867The 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 2024-02-02 with an ex-dividend date of 1714694400. Stock splits for the company last occurred on 1998-04-15 when the company split stock in a 2:1 ratio.
Earnings Estimates
The market rating for Webster Financial Corp. (WBS) is a result of the insights provided by 15.0 analysts actively involved in the assessment.On average, analysts expect EPS of $1.36 for the current quarter, with a high estimate of $1.49 and a low estimate of $1.3, while EPS last year was $1.5. The consensus estimate for the next quarter is $1.44, with high estimates of $1.54 and low estimates of $1.32.
Analysts are recommending an EPS of between $5.92 and $5.26 for the fiscal current year, implying an average EPS of $5.64. EPS for the following year is $6.28, with 15.0 analysts recommending between $6.68 and $5.8.
Revenue Estimates
12 analysts predict $592.16M in revenue for the current quarter. It ranges from a high estimate of $681.81M to a low estimate of $568M. As of the current estimate, Webster Financial Corp.’s year-ago sales were $583.83MFor the next quarter, 12 analysts are estimating revenue of $615.5M. There is a high estimate of $708.07M for the next quarter, whereas the lowest estimate is $581.4M.
A total of 12 analysts have provided revenue estimates for WBS’s current fiscal year. The highest revenue estimate was $2.78B, while the lowest revenue estimate was $2.31B, resulting in an average revenue estimate of $2.42B. In the same quarter a year ago, actual revenue was $2.34BBased on 12 analysts’ estimates, the company’s revenue will be $2.6B in the next fiscal year. The high estimate is $2.95B and the low estimate is $2.43B.
