Analyst Price Target Update on Webster Financial Corporation (NYSE:WBS)

Webster Financial Corporation (NYSE:WBS): The stock price is expected to reach $ 36.71 in the short term. The number of analysts agreeing with this consensus is 7. The higher estimate for the short term price target is at $40 while the lower estimate is at $35. The standard deviation of the price stands at $1.98.

Many analysts have stated their opinion on the company shares. Barclays maintains its view on Webster Financial Corporation (NYSE:WBS) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Barclays lowers the price target from $42 per share to $40 per share on Webster Financial Corporation. The rating by the firm was issued on March 21, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The officer (EVP – Private Banking) of Webster Financial Corp, Fitzpatrick Daniel Manning sold 6,001 shares at $35.31 on May 4, 2016. The Insider selling transaction had a total value worth of $211,895. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Webster Financial Corporation (NYSE:WBS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.53 points or 1.4% at $37.22 with 853,153 shares getting traded. Post opening the session at $37.46, the shares hit an intraday low of $37.135 and an intraday high of $37.69 and the price was in this range throughout the day. The company has a market cap of $3,412 million and the number of outstanding shares have been calculated to be 91,661,145 shares. The 52-week high of Webster Financial Corporation (NYSE:WBS) is $41.34 and the 52-week low is $30.09.

Webster Financial Corporation (Webster) is a bank and financial holding company. Webster Financial Corporations principal assets include the outstanding capital stock of Webster Bank, National Association (Webster Bank). Webster, through Webster Bank and non-banking financial services subsidiaries, delivers financial services to individuals, families and businesses. Webster Bank provides commercial, small business and consumer banking, mortgage lending, financial planning, and trust and investment services through banking centers, automatic teller machines, telephone banking, mobile banking and online banking through The Company operates in three segments: Commercial Banking, Community Banking and Other. The Community Banking consists of the Personal Banking and Business Banking operations. Commercial Banking provides lending, deposit, and treasury and payment solutions. Other segment activities consist of HSA Bank and the Private Banking operating segments.

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