Webster Financial Corporation with ticker code (WBS) now have 11 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 75 and 50 with a mean TP of 61.55. With the stocks previous close at 51.19 this would indicate that there is a potential upside of 20.2%. There is a 50 day moving average of 48.66 and the 200 day MA is 47.96. The market capitalisation for the company is $8,847m. Company Website: https://public.websteronline.com
The potential market cap would be $10,637m based on the market concensus.
Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Retail Banking. The Commercial Banking segment provides lending, deposit, and cash management services; commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services; wealth management solutions to business owners, operators, and consumers; and trust, asset management, financial planning, insurance, retirement, and investment products. 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 Retail Banking segment provides deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers. The company also offers online and mobile banking services. The company was founded in 1935 and is headquartered in Stamford, Connecticut.
