Webster Financial Corp. (WBS) shares projected to rise by 24.09%

Webster Financial Corp. [WBS] stock is trading at $48.03, down -0.68%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WBS shares have gain 7.47% over the last week, with a monthly amount glided 6.47%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Webster Financial Corp. [NYSE: WBS] stock has seen the most recent analyst activity on August 05, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also boosted its price target to $57 from $54. Previously, Barclays started tracking the stock with Overweight rating on March 08, 2024, and set its price target to $70. On January 24, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $65 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $60 on January 11, 2024. Citigroup initiated its recommendation with a Buy and recommended $51 as its price target on December 01, 2023. Seaport Research Partners started tracking with a Buy rating for this stock on September 12, 2023, and assigned it a price target of $56. In a note dated May 25, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $47 on this stock.

Webster Financial Corp. [WBS] stock has fluctuated between $36.36 and $53.39 over the past year. Currently, Wall Street analysts expect the stock to reach $59.6 within the next 12 months. Webster Financial Corp. [NYSE: WBS] shares were valued at $48.03 at the most recent close of the market. An investor can expect a potential return of 24.09% based on the average WBS price forecast.

Analyzing the WBS fundamentals

Webster Financial Corp. [NYSE:WBS] reported sales of 4.08B for the trailing twelve months, which represents a drop of -0.41%. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.45.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 47.66 points at the first support level, and at 47.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.31, and for the 2nd resistance point, it is at 48.58.

Ratios To Look Out For

For context, Webster Financial Corp.’s Current Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.02, the price to book ratio is 0.97 and price to earnings (TTM) ratio is 10.44.

Transactions by insiders

Recent insider trading involved CIULLA JOHN R, Chairman and CEO, that happened on Sep 18 ’24 when 5584.0 shares were sold. Chairman and CEO, CIULLA JOHN R completed a deal on Sep 19 ’24 to sell 2416.0 shares. Meanwhile, Director MORSE LAURENCE C sold 8175.0 shares on Sep 11 ’24.

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