Barclays analyst Matthew Keating maintained a Buy rating on Webster Financial (WBS) on January 25 and set a price target of $68. The company’s shares closed on Friday at $57.23.
According to TipRanks.com, Keating is a 4-star analyst with an average return of 4.9% and a 56.3% 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 $62.50, representing a 9.2% upside. In a report issued on January 25, J.P. Morgan also maintained a Buy rating on the stock with a $64 price target.
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Webster Financial’s market cap is currently $5.28B and has a P/E ratio of 14.99. The company has a Price to Book ratio of 1.93.
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.
