At the time of writing, Webster Financial Corp [WBS] stock is trading at $60.07, up 0.62%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WBS shares have gain 4.11% over the last week, with a monthly amount glided 10.73%, 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.
For the past year, the stock price of Webster Financial Corp fluctuated between $39.33 and $61.12. Currently, Wall Street analysts expect the stock to reach $60.17 within the next 12 months. Webster Financial Corp [NYSE: WBS] shares were valued at $60.07 at the most recent close of the market. An investor can expect a potential return of 0.17% based on the average WBS price forecast.
Analyzing the WBS fundamentals
According to Webster Financial Corp [NYSE:WBS], the company’s sales were 4.13B for trailing twelve months, which represents an 4.98% jump. Gross Profit Margin for this corporation currently stands at 1.21% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.25%. 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 59.16 points at the first support level, and at 58.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.59, and for the 2nd resistance point, it is at 61.12.
Ratios To Look Out For
It is important to note that Webster Financial Corp [NYSE:WBS] has a current ratio of 0.09. Considering the valuation of this stock, the price to sales ratio is 2.51, the price to book ratio is 1.16 and price to earnings (TTM) ratio is 13.61.
Transactions by insiders
Recent insider trading involved Evans Javier L., Chief Human Resources Officer, that happened on Nov 06 ’24 when 10137.0 shares were sold. Head of Consumer Banking, GRIFFIN JAMES MI completed a deal on Nov 06 ’24 to sell 2557.0 shares. Meanwhile, President, Commercial Banking MOTL CHRISTOPHER J sold 6000.0 shares on Nov 06 ’24.
