Webster Financial Corporation with ticker code (WBS) have now 10 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 78 and 60 calculating the average target price we see 70.5. Given that the stocks previous close was at 48.21 this would imply there is a potential upside of 46.2%. There is a 50 day moving average of 49.45 and the 200 moving average now moves to 54.78. The company has a market capitalisation of $8,241m. Visit the company website at: https://public.websteronline.com
The potential market cap would be $12,051m 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. As of December 31, 2021, it operated 130 banking centers and 251 ATMs. The company was founded in 1935 and is headquartered in Stamford, Connecticut.
