Deutsche Bank Maintains Webster Financial Corporation to Buy with Price Target $42.00

Brokerage firm Deutsche Bank Maintains its rating on Webster Financial Corporation(NYSE:WBS). In a research note issued to the investors, the brokerage major Raises the price-target to $42.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Sep 15, 2016.

In a different note, On Aug 5, 2016, Barclays said it Downgrades its rating on Webster Financial Corporation. The shares have been rated ‘Equal-weight’ by the firm. On Jul 7, 2016, JP Morgan said it Maintains its rating on Webster Financial Corporation. In the research note, the firm Lowers the price-target to $39.00 per share. The shares have been rated ‘Overweight’ by the firm.

Webster Financial Corporation (WBS) shares turned negative on Tuesdays trading session with the shares closing down -0.04 points or -0.11% at a volume of 3,21,019. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $38.14. The peak price level was also seen at $38.14 while the days lowest was $37.76. Finally the shares closed at $37.78. The 52-week high of the shares is $40.72 while the 52-week low is $30.09. According to the latest information available, the market cap of the company is $3,463 M.

Webster Financial Corporation(WBS) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $176.91M. Analysts had an estimated revenue of $177.92M. Earnings per share were $0.53. Analysts had estimated an EPS of $0.52.

Several Insider Transactions has been reported to the SEC. On Aug 4, 2016, Elizabeth E Flynn (director) purchased 2,900 shares at $35.97 per share price.Also, On Aug 2, 2016, Harriet Munrett Wolfe (EVP – General Counsel) sold 8,851 shares at $36.03 per share price.On Aug 2, 2016, Daniel Bley (EVP-Chief Risk Officer) sold 5,153 shares at $36.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Webster Financial Corporation (Webster) is a bank and financial holding company. Webster Financial Corporation’s 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.

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