Extremely important positive changes in investment behavior have recently occurred for Webster Financial Corp (NYSE: WBS): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Webster Financial Corp (NYSE: WBS). Notable positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
WBS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Webster Financial has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Webster Financial has a slightly positive Power Rating of 62 and a very high Appreciation Score of 93, leading to the Highest Value Trend Rating.
Recent Price Action
Webster Financial Corp (NYSE: WBS) stock increased 1.4% on 11/17/23. The shares closed at $43.18. The stock has risen 11.7% during the last week and has been strong relative to the market over the last nine months.
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