Webster Financial Corp. (WBS) concluded trading on Wednesday at a closing price of $48.62, with 3.12 million shares of worth about $151.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.09% during that period and on October 16, 2024 the price saw a loss of about -0.63%. Currently the company’s common shares owned by public are about 172.02M shares, out of which, 169.82M shares are available for trading.
Stock saw a price change of 6.74% in past 5 days and over the past one month there was a price change of 5.76%. Year-to-date (YTD), WBS shares are showing a performance of -4.22% which increased to 22.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $36.36 but also hit the highest price of $53.39 during that period. The average intraday trading volume for Webster Financial Corp. shares is 1.29 million. The stock is currently trading 4.64% above its 20-day simple moving average (SMA20), while that difference is up 6.31% for SMA50 and it goes to 4.78% higher than SMA200.
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Webster Financial Corp. (NYSE: WBS) currently have 172.02M outstanding shares and institutions hold larger chunk of about 86.00% of that.
The stock has a current market capitalization of $8.33B and its 3Y-monthly beta is at 1.27. PE ratio of stock for trailing 12 months is 10.57, while it has posted earnings per share of $4.60 in the same period. Its PEG reads 0.93 while making debt-to-equity ratio of 0.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WBS, volatility over the week remained 3.20% while standing at 2.75% over the month.
Stock’s fiscal year EPS is expected to drop by -13.18% while it is estimated to increase by 9.13% in next year. EPS is likely to grow at an annualized rate of 11.40% for next 5-years, compared to annual growth of 5.17% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on August 05, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $54 and $57 to it. Coverage by Barclays stated Webster Financial Corp. (WBS) stock as an Overweight in their note to investors on March 08, 2024, suggesting a price target of $70 for the stock. On January 24, 2024, JP Morgan Upgrade their recommendations, while on January 11, 2024, BofA Securities Initiated their ratings for the stock with a price target of $60. Stock get a Buy rating from Citigroup on December 01, 2023.
