Webster Financial Corporation (WBS) : The consensus on Webster Financial Corporation (WBS) based on 12 analyst recommendation on the company stock is 2.53, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Webster Financial Corporation (WBS) : The highest short term price target forecast on Webster Financial Corporation (WBS) is $39 and the lowest target price is $34. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $35.79 with a standard deviation of $2.12.
Also, Equity analysts at the Brokerage firm Barclays downgrades its rating on Webster Financial Corporation (NYSE:WBS). The rating major has initiated the coverage with equal-weight rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The Analysts at Barclays maintains a current price target of $38 per share. The rating by the firm was issued on August 5, 2016.
Webster Financial Corporation (NYSE:WBS): After opening at $37.38, the stock dipped to an intraday low of $37.33 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $38.08 and the buying power remained strong till the end. The stock closed at $38 for the day, a gain of 1.71% for the day session. The total traded volume was 476,378. The stocks close on the previous trading day was $37.36.
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.