Webster Financial Corp. (NYSE: WBS) is -11.21% lower on its value in year-to-date trading and has touched a low of $36.36 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 $45.11 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $45.07, the stock is -1.00% and 1.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -0.09% at the moment leaves the stock -2.81% off its SMA200. WBS registered 9.42% gain for a year compared to 6-month loss of -4.33%.
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The stock witnessed a -2.78% gain in the last 1 month and extending the period to 3 months gives it a -0.11%, and is -0.66% down 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 3.11% over the month.
Webster Financial Corp. (WBS) has around 4261 employees, a market worth around $7.73B and $4.08B in sales. Current P/E ratio is 9.80 and Fwd P/E is 7.63. Profit margin for the company is 19.23%. Distance from 52-week low is 23.97% and -15.58% from its 52-week high. The company has generated returns on investments over the last 12 months (8.07%).
The EPS is expected to shrink by -11.96% this year
601.0 institutions hold shares in Webster Financial Corp. (WBS), with institutional investors hold 87.96% of the company’s shares. The shares outstanding are 172.02M, and float is at 169.80M with Short Float at 2.15%. Institutions hold 87.15% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 18.12 million shares valued at $789.64 million. The investor’s holdings represent 10.6281 of the WBS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.45 million shares valued at $673.47 million to account for 9.0646 of the shares outstanding. The other top investors are FMR LLC which holds 8.78 million shares representing 5.1495 and valued at over $382.59 million, while STATE STREET CORP holds 4.0995 of the shares totaling 6.99 million with a market value of $304.58 million.
Webster Financial Corp. (WBS) Insider Activity
The most recent transaction is an insider sale by WILKINS CHARLES L, the company’s Head of HSA Bank. SEC filings show that WILKINS CHARLES L sold 5,000 shares of the company’s common stock on Jul 26 ’24 at a price of $49.07 per share for a total of $0.25 million. Following the sale, the insider now owns 45157.0 shares.
Webster Financial Corp. disclosed in a document filed with the SEC on Jul 26 ’24 that BLEY DANIEL (Chief Risk Officer) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Jul 26 ’24 and was made at $48.98 per share for $0.15 million. Following the transaction, the insider now directly holds 22992.0 shares of the WBS stock.
Still, SEC filings show that on Jul 24 ’24, SOTO JASON A. (Chief Credit Officer) disposed off 1,650 shares at an average price of $46.32 for $76428.0. The insider now directly holds 20,539 shares of Webster Financial Corp. (WBS).
