With 0.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.28 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $60.92 whereas the lowest price it dropped to was $59.619. The 52-week range on WBS shows that it touched its highest point at $61.12 and its lowest point at $39.33 during that stretch. It currently has a 1-year price target of $63.13. With its current market cap of 10.37 billion, WBS has annualized dividend of $1.60 while the current yield stands at 2.65%. Beta for the stock currently stands at 1.26.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WBS was up-trending over the past week, with a rise of 1.32%, but this was up by 17.52% over a month. Three-month performance surged to 27.62% while six-month performance rose 37.98%. The stock gained 39.67% in the past year, while it has gained 19.17% so far this year. A look at the trailing 12-month EPS for WBS yields 4.41 with Next year EPS estimates of 5.71. For the next quarter, that number is 1.34. This implies an EPS growth rate of -12.92% for this year and 9.34% for next year. EPS is expected to grow by 9.46% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 5.17%.
Float and Shares Shorts:
At present, 172.02 million WBS shares are outstanding with a float of 169.81 million shares on hand for trading. On 2024-10-31, short shares totaled 2.97 million, which was 173.0 higher than short shares on 1727654400. In addition to Mr. John R. Ciulla as the firm’s Chairman & CEO, Mr. Luis R. Massiani serves as its President & COO.
Institutional Ownership:
Through their ownership of 0.88291 of WBS’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WBS since 6 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WBS analysts setting a high price target of 70.0 and a low target of 58.0, the average target price over the next 12 months is 62.61538. Based on these targets, WBS could surge 15.72% to reach the target high and fall by -4.12% to reach the target low. Reaching the average price target will result in a growth of 3.51% from current levels.
Analysts have provided yearly estimates in a range of $5.33403 being high and $4.70591 being low. For WBS, this leads to a yearly average estimate of $5.22436. The surprise factor in the prior quarter was $1.34. Based on analyst estimates, the high estimate for the next quarter is $1.4 and the low estimate is $1.18. The average estimate for the next quarter is thus $1.3.
