Price Target Update on Webster Financial Corporation (NYSE:WBS)

Webster Financial Corporation (NYSE:WBS) stock is expected to deviate a maximum of $2.25 from the average target price of $36.5 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $40 and the most muted being $34.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Barclays maintains its rating on Webster Financial Corporation (NYSE:WBS). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays lowers the price target from $42 per share to $40 per share. The rating by the firm was issued on March 21, 2016.

Webster Financial Corporation (NYSE:WBS): stock turned positive on Thursday. Though the stock opened at $36.2, the bulls momentum made the stock top out at $36.62 level for the day. The stock recorded a low of $35.94 and closed the trading day at $36.14, in the green by 1.83%. The total traded volume for the day was 2,165,722. The stock had closed at $35.49 in the previous days trading.

The company shares have dropped -11.74% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $40.72 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $36.92 and the 200 Day Moving Average price is recorded at $35.79. On the companys insider trading activities, The officer (EVP – Private Banking), of Webster Financial Corp, Fitzpatrick Daniel Manning had unloaded 6,001 shares at $35.31 per share in a transaction on May 4, 2016. The total value of transaction was $211,895. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Webster Financial Corporation (Webster) is a bank and financial holding company. Webster Financial Corporations principal assets include the outstanding capital stock of Webster Bank, National Association (Webster Bank). Webster, through Webster Bank and non-banking financial services subsidiaries, delivers financial services to individuals, families and businesses. Webster Bank provides commercial, small business and consumer banking, mortgage lending, financial planning, and trust and investment services through banking centers, automatic teller machines, telephone banking, mobile banking and online banking through The Company operates in three segments: Commercial Banking, Community Banking and Other. The Community Banking consists of the Personal Banking and Business Banking operations. Commercial Banking provides lending, deposit, and treasury and payment solutions. Other segment activities consist of HSA Bank and the Private Banking operating segments.

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