The price-to-earnings ratio for Webster Financial Corp. (NYSE: WBS) is above average at 9.27x. The 36-month beta value for WBS is also noteworthy at 1.34. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 rating it as “hold,” and 2 rating it as “sell.”
The public float for WBS is 169.88M, and at present, short sellers hold a 1.84% of that float. The average trading volume of WBS on April 18, 2024 was 1.15M shares.
WBS) stock’s latest price update
The stock of Webster Financial Corp. (NYSE: WBS) has increased by 0.13 when compared to last closing price of 45.40.Despite this, the company has seen a loss of -2.61% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that Webster Financial (WBS) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WBS’s Market Performance
Webster Financial Corp. (WBS) has experienced a -2.61% fall in stock performance for the past week, with a -5.86% drop in the past month, and a -7.43% drop in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are at 2.16% for WBS. The simple moving average for the past 20 days is -6.03% for WBS’s stock, with a 1.01% simple moving average for the past 200 days.
Analysts’ Opinion of WBS
Many brokerage firms have already submitted their reports for WBS stocks, with Barclays repeating the rating for WBS by listing it as a “Overweight.” The predicted price for WBS in the upcoming period, according to Barclays is $70 based on the research report published on March 08, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see WBS reach a price target of $65, previously predicting the price at $60. The rating they have provided for WBS stocks is “Overweight” according to the report published on January 24th, 2024.
BofA Securities gave a rating of “Buy” to WBS, setting the target price at $60 in the report published on January 11th of the current year.
WBS Trading at -5.07% from the 50-Day Moving Average
After a stumble in the market that brought WBS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.85% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares sank -8.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.34% lower at present.
During the last 5 trading sessions, WBS fell by -2.49%, which changed the moving average for the period of 200-days by +18.82% in comparison to the 20-day moving average, which settled at $48.17. In addition, Webster Financial Corp. saw -10.44% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WBS starting from MOTL CHRISTOPHER J, who sale 13,881 shares at the price of $49.00 back on Mar 11 ’24. After this action, MOTL CHRISTOPHER J now owns 59,647 shares of Webster Financial Corp., valued at $680,169 using the latest closing price.
GRIFFIN JAMES MI, the Head of Consumer Banking of Webster Financial Corp., sale 1,200 shares at $48.48 during a trade that took place back on Mar 11 ’24, which means that GRIFFIN JAMES MI is holding 15,440 shares at $58,174 based on the most recent closing price.
Stock Fundamentals for WBS
Current profitability levels for the company are sitting at:
- 0.48 for the present operating margin
- 1.0 for the gross margin
The net margin for Webster Financial Corp. stands at 0.29. The total capital return value is set at 0.04. Equity return is now at value 10.27, with 1.17 for asset returns.
Based on Webster Financial Corp. (WBS), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is 1.5.
Currently, EBITDA for the company is 36.21 million with net debt to EBITDA at 1.62. When we switch over and look at the enterprise to sales, we see a ratio of 3.39. The receivables turnover for the company is 1.59for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
In summary, Webster Financial Corp. (WBS) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
