In a report released yesterday, Matthew Keating from Barclays maintained a Buy rating on Webster Financial (WBS), with a price target of $66. The company’s shares opened today at $50.41.
According to TipRanks.com, Keating is a 4-star analyst with an average return of 4.1% and a 53.0% success rate. Keating covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Union Bankshares Corporation, and Dime Community Bancshares.
Currently, the analyst consensus on Webster Financial is a Moderate Buy with an average price target of $63.25.
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Based on Webster Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $99.43 million. In comparison, last year the company had a net profit of $69.26 million.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Mark Pettie, a Director at WBS bought 10,573 shares for a total of $54,345.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Webster Financial Corp. operates as a holding company for Webster Bank NA. It engages in providing financial services to individuals, families and businesses. It offers equipment financing, commercial real estate lending and asset-based lending services.
