Webster Financial Corp (NYSE: WBS) is 19.17% higher on its value in year-to-date trading and has touched a low of $39.33 and a high of $61.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WBS stock was last observed hovering at around $59.55 in the last trading session, with the day’s gains setting it 0.94%.
Currently trading at $60.49, the stock is 7.34% and 18.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing 1.58% at the moment leaves the stock 28.37% off its SMA200. WBS registered 39.67% gain for a year compared to 6-month gain of 37.98%. The firm has a 50-day simple moving average (SMA 50) of $50.7228 and a 200-day simple moving average (SMA200) of $47.0468.
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The stock witnessed a 17.52% loss in the last 1 month and extending the period to 3 months gives it a 27.62%, and is 1.32% 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 2.03% over the week and 2.71% over the month.
Webster Financial Corp (WBS) has around 4261 employees, a market worth around $10.37B and $4.13B in sales. Current P/E ratio is 13.70 and Fwd P/E is 10.59. Profit margin for the company is 18.19%. Distance from 52-week low is 53.78% and -1.03% from its 52-week high. The company has generated returns on investments over the last 12 months (7.43%).
Webster Financial Corp quarterly earnings per share for the current quarter are estimated at 1.34 with sales reaching $685.32M over the same period.The EPS is expected to shrink by -12.92% this year, but quarterly earnings will post 1.31% year-over-year. Quarterly sales are estimated to grow 7.95% in year-over-year returns.
586.0 institutions hold shares in Webster Financial Corp (WBS), with institutional investors hold 89.10% of the company’s shares. The shares outstanding are 172.02M, and float is at 169.81M with Short Float at 1.75%. Institutions hold 88.29% 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 8,000 shares of the company’s common stock on Nov 20 ’24 at a price of $59.33 per share for a total of $0.47 million. Following the sale, the insider now owns 0.22 million shares.
Still, SEC filings show that on Nov 19 ’24, WILKINS CHARLES L (Head of HSA Bank) disposed off 5,000 shares at an average price of $59.50 for $0.3 million. The insider now directly holds 33,657 shares of Webster Financial Corp (WBS).
