Webster Financial Corp. (NYSE: WBS) is -7.82% 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 $45.97 in the last trading session, with the day’s gains setting it 0.82%.
Currently trading at $46.79, the stock is 2.70% and 1.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 1.78% at the moment leaves the stock 0.19% off its SMA200. WBS registered 14.46% gain for a year compared to 6-month loss of -3.11%.
The stock witnessed a 1.98% gain in the last 1 month and extending the period to 3 months gives it a 14.77%, and is 6.44% 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 2.91% over the week and 2.89% over the month.
Webster Financial Corp. (WBS) has around 4261 employees, a market worth around $8.02B and $4.08B in sales. Current P/E ratio is 10.17 and Fwd P/E is 7.92. Profit margin for the company is 19.23%. Distance from 52-week low is 28.70% and -12.36% 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 87.94% of the company’s shares. The shares outstanding are 172.02M, and float is at 169.81M with Short Float at 2.05%. Institutions hold 87.14% 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 MORSE LAURENCE C, the company’s Director. SEC filings show that MORSE LAURENCE C sold 8,175 shares of the company’s common stock on Sep 11 ’24 at a price of $43.98 per share for a total of $0.36 million. Following the sale, the insider now owns 32025.0 shares.
Still, SEC filings show that on Sep 09 ’24, WILKINS CHARLES L (Head of HSA Bank) disposed off 6,500 shares at an average price of $44.85 for $0.29 million. The insider now directly holds 38,657 shares of Webster Financial Corp. (WBS).
