Morgan Stanley Keeps a Sell Rating on Webster Financial (WBS)


Morgan Stanley analyst Ken Zerbe maintained a Sell rating on Webster Financial (NYSE: WBS) today and set a price target of $60. The company’s shares closed yesterday at $61.90.

According to TipRanks.com, Zerbe is a 4-star analyst with an average return of 12.8% and a 65.9% success rate. Zerbe covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Prosperity Bancshares, and Associated Banc-Corp.

Currently, the analyst consensus on Webster Financial is a Hold with an average price target of $68.88.

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Webster Financial’s market cap is currently $5.7B and has a P/E ratio of 19.93. The company has a Price to Book ratio of 2.18.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2018, Charles L. Wilkins, the EVP-Head of HSA Bank of WBS sold 3,000 shares for a total of $202,530.

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.

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