Webster Financial Corp. (NYSE: WBS) is -6.15% lower on its value in year-to-date trading and has touched a low of $31.03 and a high of $53.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WBS stock was last observed hovering at around $47.07 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $47.64, the stock is 1.20% and -3.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 1.21% at the moment leaves the stock 10.46% off its SMA200. WBS registered -10.32% loss for a year compared to 6-month gain of 11.36%.
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The stock witnessed a -9.03% loss in the last 1 month and extending the period to 3 months gives it a 10.10%, and is 1.13% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.78% over the week and 3.01% over the month.
Webster Financial Corp. (WBS) has around 4261 employees, a market worth around $8.71B and $3.95B in sales. Current P/E ratio is 9.72 and Fwd P/E is 7.46. Profit margin for the company is 21.37%. Distance from 52-week low is 53.53% and -10.77% from its 52-week high. The company has generated returns on investments over the last 12 months (8.58%).
Webster Financial Corp. quarterly earnings per share for the current quarter are estimated at $1.42 with sales reaching $618.43M over the same period.The EPS is expected to shrink by -2.26% this year, but quarterly earnings will post 8.90% year-over-year. Quarterly sales are estimated to grow 2.00% in year-over-year returns.
627 institutions hold shares in Webster Financial Corp. (WBS), with institutional investors hold 88.67% of the company’s shares. The shares outstanding are 182.78M, and float is at 181.17M with Short Float at 1.94%. Institutions hold 87.85% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 18.12 million shares valued at $683.89 million. The investor’s holdings represent 10.46% of the WBS Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 17.54 million shares valued at $662.02 million to account for 10.12% of the shares outstanding. The other top investors are Capital International Investors which holds 8.33 million shares representing 4.81% and valued at over $314.5 million, while State Street Corporation holds 4.57% of the shares totaling 7.92 million with a market value of $298.82 million.
Webster Financial Corp. (WBS) Insider Activity
A total of 1 insider transactions have happened at Webster Financial Corp. (WBS) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider sale by SOTO JASON A., the company’s Chief Credit Officer. SEC filings show that SOTO JASON A. sold 2,100 shares of the company’s common stock on Feb 28 at a price of $47.47 per share for a total of $99693.0. Following the sale, the insider now owns 20356.0 shares.
Webster Financial Corp. disclosed in a document filed with the SEC on Jan 30 that Massiani Luis (Chief Operating Officer) sold a total of 13,500 shares of the company’s common stock. The trade occurred on Jan 30 and was made at $51.63 per share for $0.7 million. Following the transaction, the insider now directly holds 89621.0 shares of the WBS stock.
Still, SEC filings show that on Jan 30, MOTL CHRISTOPHER J (President, Commercial Banking) disposed off 10,475 shares at an average price of $52.40 for $0.55 million. The insider now directly holds 63,306 shares of Webster Financial Corp. (WBS).
Webster Financial Corp. (WBS): Who are the competitors?
One of the company’s main competitors (and peers) include Washington Trust Bancorp Inc. (WASH) that is trading -38.86% down over the past 12 months.Camden National Corp. (CAC) lies in the list of competitors of the Webster Financial Corp. and is -22.88% lower over the same period from WBSIndependent Bank Corp. (INDB) is -32.68% down on the 1-year trading charts.
