Webster Financial Corporation – Consensus Says Potential Rise of 10.6%
Webster Financial Corporation found using ticker (WBS) now have 11 analysts covering the stock with the consensus suggesting a rating of âBuyâ. The range between the high target price and the low target price is between 76 and 55 by calculating the average target price that we see 62.91. With the stock’s previous close at 56.88, this indicates that there is upside potential of 10.6%. The 50-day moving average is 55.91 and the 200-day MA is 51.88. The company has a market capitalization of $ 5,163 million. Visit the company’s website at: 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 paid services, residential mortgages, home equity lines or loans, unsecured consumer loans and credit cards to consumers, as well as investment services. and securities related, including brokerage and investment advice through a strategic partnership with LPL Financial Holdings Inc. This segment also provides credit, deposit and treasury management products to businesses and professional services firms . 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.