Currently, there are 171.43M common shares owned by the public and among those 169.83M shares have been available to trade.
The company’s stock has a 5-day price change of -3.69% and 22.26% over the past three months. WBS shares are trading 9.50% year to date (YTD), with the 12-month market performance up to 9.71% higher. It has a 12-month low price of $39.33 and touched a high of $63.99 over the same period. WBS has an average intraday trading volume of 1.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.35%, -2.07%, and 14.85% respectively.
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Institutional ownership of Webster Financial Corp (NYSE: WBS) shares accounts for 87.10% of the company’s 171.43M shares outstanding.
It has a market capitalization of $9.53B and a beta (3y monthly) value of 1.29. The stock’s trailing 12-month PE ratio is 12.59, while the earnings-per-share (ttm) stands at $4.41. The company has a PEG of 1.46 and the debt-to-equity ratio at 0.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.99% over the week and 2.67% over the month.
Earnings per share for the fiscal year are expected to decrease by -12.83%, and 9.76% over the next financial year. EPS should grow at an annualized rate of 8.64% over the next five years, compared to 5.17% over the past 5-year period.
Morgan Stanley coverage for the Webster Financial Corp (WBS) stock in a research note released on August 05, 2024 offered a Equal-Weight rating with a price target of $57. Barclays was of a view on March 08, 2024 that the stock is Overweight, while JP Morgan gave the stock Overweight rating on January 24, 2024, issuing a price target of $60- $65. BofA Securities on their part issued Buy rating on January 11, 2024.
