In a report issued on July 17, Steven Duong from RBC Capital maintained a Buy rating on Webster Financial (WBS), with a price target of $32.00. The company’s shares closed last Friday at $25.57.
According to TipRanks.com, Duong has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -18.1% and a 19.2% success rate. Duong covers the Financial sector, focusing on stocks such as Provident Financial Services, People’s United Financial, and Valley National Bancorp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Webster Financial with a $29.50 average price target, a 10.9% upside from current levels. In a report issued on July 7, Wells Fargo also maintained a Buy rating on the stock with a $29.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $54.04 and a one-year low of $18.16. Currently, Webster Financial has an average volume of 837.5K.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WBS in relation to earlier this year.
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. It operates through the following business segments: Commercial Banking, HSA Bank and Community Banking, The Commercial Banking segment includes middle market, asset-based lending, commercial real estate, equipment finance and treasury and payment solutions, which includes government and institutional banking. The HSA Bank segment offers health savings accounts, health reimbursement accounts, flexible spending accounts, and other financial solutions for healthcare. The Community Banking segment serves consumer and business banking customers primarily throughout southern New England and into Westchester County, New York. It is comprised of personal banking and business banking supported by a distribution network consisting of banking centers and ATMs, a customer care center, telephone banking and a full range of web and mobile-based banking services. The company was founded in 1986 and is headquartered in Waterbury, CT.
