Webster Financial is a bank holding company and financial holding company. Co., through its subsidiary, Webster Bank, National Association (Webster Bank) and its HSA Bank division, delivers a range of banking, investment, and financial services. Webster Bank serves consumer and business customers with mortgage lending, financial planning, trust, and investment services through a distribution network consisting of banking centers, ATMs, a customer care center, and a range of web and mobile-based banking services. HSA Bank is a provider of health savings accounts and also delivers health reimbursement arrangements, and spending and commuter benefit account administration services. More details about Webster Finl at:
http://www.websterbank.com.
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Should Webster Finl shares be counted among the
Top 10 Cheap Midcap Stocks? To start, we see that the recent trading price for WBS stock is $44.90 (as of 5/3/2024). The most recent quarter's (MRQ) earnings result, annualized, was $5.4/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Webster Finl produced $5.86/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $5.92/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 7.6 for the TTM Median method, 8.3 for price to earnings using MRQ annualized, and 7.7 for current price/TTM earnings. Based on WBS's history, that recent TTM PE is low relative to the historical average, with the recent PE 45.8% lower than the average (TTM method) of 14.2.