Webster Financial Corporation (NYSE:WBS) : 5 brokerage houses believe that Webster Financial Corporation (NYSE:WBS) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Webster Financial Corporation (NYSE:WBS). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.25.
Webster Financial Corporation (NYSE:WBS) stock is expected to deviate a maximum of $2.25 from the average target price of $36.5 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $40 and the most muted being $34.
Company shares have received an average consensus rating of Hold for the current week
Webster Financial Corporation (NYSE:WBS): stock turned positive on Tuesday. Though the stock opened at $32.07, the bulls momentum made the stock top out at $32.41 level for the day. The stock recorded a low of $31.64 and closed the trading day at $32.23, in the green by 2.51%. The total traded volume for the day was 1,901,284. The stock had closed at $31.44 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Fitzpatrick Daniel Manning, officer (EVP – Private Banking) of Webster Financial Corp, had unloaded 6,001 shares at an average price of $35.31 in a transaction dated on May 4, 2016. The total value of the transaction was worth $211,895.
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 www.websterbank.com. 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.