Webster Financial Corporation which can be found using ticker (WBS) now have 10 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 60 and 43 calculating the mean target price we have $51.00. Given that the stocks previous close was at $37.30 this now indicates there is a potential upside of 36.7%. It’s also worth noting that there is a 50 day moving average of $42.23 and the 200 day moving average is $47.31. The market cap for the company is $6,440m. You can visit the company’s website by visiting: https://public.websteronline.com
The potential market cap would be $8,805m based on the market consensus.
Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment provides commercial real estate and equipment financing, business banking, asset-based lending, and commercial services; public sector finance; mortgage warehouse financing; treasury management services; credit, deposit, and cash flow management services; and wealth management solutions to business owners and operators, including trust, asset management, financial planning, insurance, retirement, and investment products, as well as derivative, treasury, accounts payable, accounts receivable, and trade products and services. The HSA Bank segment offers health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter services that are distributed directly to employers and individual consumers, as well as through national and regional insurance carriers, consultants, and financial advisors. The Consumer Banking segment provides consumer deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers; and small business banking products, such as credit, deposit, and cash flow management to businesses and professional service firms. It also offers online and mobile banking services. Webster Financial Corporation was founded in 1935 and is headquartered in Stamford, Connecticut.
The company has a dividend yield of 4.29% with the ex dividend date set at 5-5-2023 (DMY).
Other points of data to note are a P/E ratio of 7.23, revenue per share of 14.4 and a 1.26% return on assets.
