Webster Financial Corporation (NYSE:WBS) went down by -4.33% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Banks – Regional giant went up by $29.85 to trade ended Wednesday trading at $31.20. This is down from the $31.2 price recorded on Tuesday’s trading session. Thanks to this latest performance, WBS is closer to the higher price 52-week target of $40.00 and further from the lowest price target of $23.50. Its performance from the start of the year has also been negative, with WBS down by -44.06% year-to-date.
Webster Financial Corporation (WBS) started the day trading at $31.25 and recorded an intraday high of $31.53. It also recorded an intraday low of $29.83 during Wednesday’s trading session. Webster Financial Corporation is a very active stock that recorded a trading volume that is less than -72.78% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 625059, which is less than -72.78 of the total average daily trading volume of 1.08 million.
Webster Financial Corporation (NYSE:WBS) 2020 Performance Impressive
The increase in WBS’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of WBS currently stands at $54.04, which is higher than the current trading price of the stock by 44.76%. However, WBS’s current trading price is -64.37% lower than the 52-week low price of $18.16. In terms of trading volume, Webster Financial Corporation currently experienced healthy participation during the last trading session. 625059 shares of Webster Financial Corporation were traded on the stock exchange on Wednesday, which is less than -72.78% of the 1.08 million average trading volume of the stock.
The performance of the stock has been positive over the past year. WBS’s performance over the past one year has seen it plunge by -36.08%, while the stock has gone down by -43.40% in the last six months. The quarterly performance of WBS currently stands at 47.85%, and it is up by 18.78% in the last month. The only negative figure was from the weekly performance, which currently reads -6.57%. At the time of writing WBS’s report, the company has a total market cap of $2.59B, making it one of the largest publicly-traded companies in the world.Webster Financial Corporation also has over 3298 employees all over the world.
WBS Insider Activities
For Webster Financial Corporation, insiders hold 88.80% of all company shares. The insider transactions over the past six months are up by 24.70%. During that period, insiders bought 179,577 shares in 38 transactions. In that same period, insiders sold 36,467 of their shares in 36 transactions. After these transactions, insiders at Webster Financial Corporation now hold 853k shares, which is over 90.39% of the total company stocks. Institutional investors currently hold a large chunk of the WBS shares, as they control 0.95% of the company’s total stock.
WBS Fundamental Analysis
For Webster Financial Corporation, the stock’s diluted earnings per share (EPS) stands at 3.40. In the coming year, analysts expect the EPS to be 2.69. The stock’s EPS growth this year is 9.90%, with analysts expecting almost a 2 growth in the earnings per share next week. In terms of revenue, Webster Financial Corporation’s quarterly sales (YOY) is growing at 0.52, which is lower than the average annual revenue of 14.30% over the past half a decade.
The Return on Investment (ROI) on Webster Financial Corporation’s stock currently stands at 22.60%.
WBS Analysts Prediction
Another analyst that has a Overweight rating for WBS is Wells Fargo, which set a price target of between $47 and $27. Stephens reiterate their Equal-Weight position on the stock ($44 and $46.50)
At the moment, Webster Financial Corporation’s Total Debt to Equity ratio stands at 0.19, and they have a long-term Debt to Equity ratio of 0.19.
WBS Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of WBS currently stands at 1.81%, while the SMA50 is 12.88%. The biggest one is the SMA200, which is currently reading -25.18% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 53.16, while its price to earnings ratio (P/E) is 8.79.