Webster Financial Corp. (NYSE: WBS) is -12.67% 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 $44.86 in the last trading session, with the day’s loss setting it -0.53%.
Currently trading at $44.33, the stock is -2.94% and -3.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -1.18% at the moment leaves the stock -5.01% off its SMA200. WBS registered 12.28% gain for a year compared to 6-month loss of -8.60%. The firm has a 50-day simple moving average (SMA 50) of $45.774 and a 200-day simple moving average (SMA200) of $46.6226.
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The stock witnessed a -5.01% gain in the last 1 month and extending the period to 3 months gives it a 2.03%, and is -2.49% 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 2.29% over the week and 2.99% over the month.
Webster Financial Corp. (WBS) has around 4261 employees, a market worth around $7.60B and $4.08B in sales. Current P/E ratio is 9.64 and Fwd P/E is 7.64. Profit margin for the company is 19.23%. Distance from 52-week low is 21.93% and -16.97% 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 -12.58% this year
593.0 institutions hold shares in Webster Financial Corp. (WBS), with institutional investors hold 87.82% of the company’s shares. The shares outstanding are 172.02M, and float is at 169.82M with Short Float at 1.90%. Institutions hold 87.01% 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 CIULLA JOHN R, the company’s Chairman and CEO. SEC filings show that CIULLA JOHN R sold 5,584 shares of the company’s common stock on Sep 18 ’24 at a price of $48.01 per share for a total of $0.27 million. Following the sale, the insider now owns 0.23 million shares.
Webster Financial Corp. disclosed in a document filed with the SEC on Sep 19 ’24 that CIULLA JOHN R (Chairman and CEO) sold a total of 2,416 shares of the company’s common stock. The trade occurred on Sep 19 ’24 and was made at $48.12 per share for $0.12 million. Following the transaction, the insider now directly holds 0.23 million shares of the WBS stock.
Still, SEC filings show that on Sep 11 ’24, MORSE LAURENCE C (Director) disposed off 8,175 shares at an average price of $43.98 for $0.36 million. The insider now directly holds 32,025 shares of Webster Financial Corp. (WBS).
