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Webster Financial Corp. (NYSE: WBS) closed the day trading at $46.01 down -5.70% from the previous closing price of $48.79. In other words, the price has decreased by -$5.70 from its previous closing price. On the day, 4.34 million shares were traded. WBS stock price reached its highest trading level at $46.9 during the session, while it also had its lowest trading level at $41.54.
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 0.11.
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 Jul 15 ’24 when CIULLA JOHN R sold 8,000 shares for $48.04 per share. The transaction valued at 384,314 led to the insider holds 237,049 shares of the business.
BLEY DANIEL sold 498 shares of WBS for $20,971 on Jun 04 ’24. The Chief Risk Officer now owns 25,992 shares after completing the transaction at $42.11 per share. On May 07 ’24, another insider, Whiston William E., who serves as the Director of the company, sold 4,000 shares for $46.28 each. As a result, the insider received 185,120 and left with 9,666 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 8366825984 and an Enterprise Value of 12105240576. As of this moment, Webster’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.41, and their Forward P/E ratio for the next fiscal year is 7.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.93 while its Price-to-Book (P/B) ratio in mrq is 0.94. Its current Enterprise Value per Revenue stands at 4.837.
Stock Price History:
The Beta on a monthly basis for WBS is 1.30, which has changed by -0.022519648 over the last 52 weeks, in comparison to a change of 0.21656322 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 $36.36. The 50-Day Moving Average of the stock is 4.55%, while the 200-Day Moving Average is calculated to be 0.85%.
Shares Statistics:
Over the past 3-months, WBS traded about 1.36M shares per day on average, while over the past 10 days, WBS traded about 2192570 shares per day. A total of 172.02M shares are outstanding, with a floating share count of 169.82M. Insiders hold about 0.97% of the company’s shares, while institutions hold 87.35% stake in the company. Shares short for WBS as of 1719532800 were 3289829 with a Short Ratio of 2.42, compared to 1717113600 on 3244743. Therefore, it implies a Short% of Shares Outstanding of 3289829 and a Short% of Float of 2.16.
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 0.032793604The stock’s 5-year Average Dividend Yield is 3.68. The current Payout Ratio is 32.61% for WBS, which recently paid a dividend on 2024-05-03 with an ex-dividend date of 1722211200. Stock splits for the company last occurred on 1998-04-15 when the company split stock in a 2:1 ratio.
