Webster Financial: Shares Roar Higher On Solid Outlook, Yet I Retain 'Hold' [Seeking Alpha]
Webster Financial Corporation (WBS)
Last webster financial corporation earnings: 4/21 07:30 am
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US:NYSE Investor Relations:
webster.gcs-web.com/investor-overview
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Source: Seeking Alpha
Play 11min Summary Webster Financial stock surged 11.6% on October 17th after Q3 2024 results, despite mixed performance and a previous 'hold' rating. Webster's net interest income dropped 2.7% year-over-year, but deposits and loans increased, showing balance sheet strength. Valuation remains a concern, with a price-to-earnings multiple of 11.3 and return on equity not impressively high. Despite the positive outlook and relative cheapness, I maintain a 'hold' rating on WBS stock due to valuation and return on equity concerns. Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » Richard Drury/DigitalVision via Getty Images October 17th ended up being a really solid day for shareholders of Webster Financial NYSE: WBS ). The stock skyrocketed, closing up 11.6%, after management announced financial results covering the third quarter of the 2024 fiscal year. Although the business
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WBS
News
- Webster Lowers Prime Lending Rate to 7.50 PercentBusiness Wire
- Webster Financial Co. (NYSE: WBS) is now covered by analysts at UBS Group AG. They set a "buy" rating on the stock.MarketBeat
- Webster Financial (NYSE:WBS) Eyes Growth in Health Savings Accounts Amid CRE Challenges and Shareholder Returns [Yahoo! Finance]Yahoo! Finance
- Webster Financial Co. (NYSE: WBS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Institutional owners may ignore Webster Financial Corporation's (NYSE:WBS) recent US$372m market cap decline as longer-term profits stay in the green [Yahoo! Finance]Yahoo! Finance
WBS
Earnings
- 10/17/24 - Miss
WBS
Sec Filings
- 12/3/24 - Form 4
- 11/29/24 - Form 144
- 11/27/24 - Form 4
- WBS's page on the SEC website