Webster Financial Corp (NYSE:WBS) shares, rose in value on Friday, December 13, with the stock price down by -0.19% to the previous day’s close as strong demand from buyers drove the stock to $58.96.
Actively observing the price movement in the last trading, the stock closed the session at $59.07, falling within a range of $58.3 and $59.345. The value of beta (5-year monthly) was 1.257 whereas the PE ratio was 13.35 over 12-month period. Referring to stock’s 52-week performance, its high was $63.99, and the low was $39.33. On the whole, WBS has fluctuated by -1.47% over the past month.
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With the market capitalization of Webster Financial Corp currently standing at about $10.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 2.71%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.69B, with a low estimate of 678.62M and a high estimate of 690.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 685.37M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WBS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.41, with the price of WBS currently trading nearly -2.41% and 6.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.67, while the 7-day volatility ratio is showing 2.35% which for the 30-day chart, stands at 2.16%. Furthermore, Webster Financial Corp (WBS)’s beta value is 1.28, and its average true range (ATR) is 1.47.
A comparison of Webster Financial Corp (WBS) with its peers suggests the former has fared considerably weaker in the market. WBS showed an intraday change of -0.19% in last session, and over the past year, it grew by 17.57%%.
Data on historical trading for Webster Financial Corp (NYSE:WBS) indicates that the trading volumes over the past 10 days have averaged 0.76 and over the past 3 months, they’ve averaged 1.25 million. According to company’s latest data on outstanding shares, there are 171.43 million shares outstanding.
Nearly 0.92% of Webster Financial Corp’s shares belong to company insiders and institutional investors own 87.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.73 million shares as on 2024-11-29, resulting in a short ratio of 2.86. According to the data, the short interest in Webster Financial Corp (WBS) stood at 245.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 2.97 million. The stock has risen by 16.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WBS stock heading into the next quarter.
