Webster Financial Corporation – Consensus Says Potential 12.3% Hike

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Webster Financial Corporation with ticker code (WBS) now have 11 total analysts covering the stock. The consensus rating is “Buy”. The target price is between 68 and 55 and has an average target of 61.18. With the stock’s previous close at 54.46, this would indicate there is a potential upside of 12.3%. The 50-day moving average is now at 49.97 and the 200-day MA is at 52.98. The company’s market capitalization is $ 5,080 million. You can visit the company’s website by visiting: http://public.websteronline.com

Webster Financial Corporation is the banking holding company of Webster Bank, a 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 Community Banking. The Commercial Banking segment provides lending, deposit and cash management services to mid-market businesses; and commercial and industrial loans and leases, commercial real estate loans, equipment financing and asset-backed loans, as well as treasury and payment services. This segment also offers asset management, financial planning and trust services, as well as deposit and loan products for high net worth clients, nonprofits and corporate clients. The HSA Bank segment offers health savings accounts, health reimbursement accounts, flexible spending accounts and other financial solutions to employers for the benefit of their employees and individuals. The Community Banking segment offers deposit and fee services, residential mortgages, home equity lines or loans, unsecured consumer loans and credit cards to consumers, as well as banking services. investment and securities-related products including brokerage and investment advice through a strategic partnership with LPL Financial Holdings Inc. This segment also provides credit, deposit and cash flow management products to businesses and corporations professional services. The company also offers online and mobile banking services. As of February 12, 2021, it operated 155 banking centers and 297 ATMs. Webster Financial Corporation was founded in 1935 and is headquartered in Waterbury, Connecticut.

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