Webster Financial Corporation (NYSE:WBS) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.19 by 12 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Barclays maintains its rating on Webster Financial Corporation (NYSE:WBS). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays lowers the price target from $42 per share to $40 per share. The rating by the firm was issued on March 21, 2016.
Webster Financial Corporation (NYSE:WBS) shares are expected to touch $36.71 in the short term. This short term price target has been shared by 7 analysts. However, the standard deviation of short term price estimate has been valued at 1.98. The target price could hit $40 on the higher end and $35 on the lower end.
Webster Financial Corporation (NYSE:WBS) witnessed a decline in the market cap on Tuesday as its shares dropped 0.25% or 0.09 points. After the session commenced at $35.65, the stock reached the higher end at $35.82 while it hit a low of $35.31. With the volume soaring to 882,710 shares, the last trade was called at $35.49. The company has a 52-week high of $40.72. The company has a market cap of $3,253 million and there are 91,661,145 shares in outstanding. The 52-week low of the share price is $30.09.
Webster Financial Corp. has lost 2.93% in the last five trading days and dropped 4.57% in the last 4 weeks. Webster Financial Corp. has dropped 0.77% during the last 3-month period . Year-to-Date the stock performance stands at -3.23%.
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.