Brokerage Firm Rating Update on Webster Financial Corporation (WBS)

Webster Financial Corporation (WBS) : 3 brokerage houses believe that Webster Financial Corporation (WBS) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Webster Financial Corporation (WBS). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 2.53.

Webster Financial Corporation (WBS) : The highest short term price target forecast on Webster Financial Corporation (WBS) is $39 and the lowest target price is $34. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $35.79 with a standard deviation of $2.12.


Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Barclays downgrades its rating on Webster Financial Corporation (NYSE:WBS). In a research note issued to the investors, the brokerage major maintains price-target of $38 per share.The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on August 5, 2016.

Webster Financial Corporation (NYSE:WBS): The stock opened at $38.97 and touched an intraday high of $38.97 on Wednesday. During the day, the stock corrected to an intraday low of $38.03, however, the bulls stepped in and pushed the price higher to close in the green at $38.57 with a gain of 1.02% for the day. The total traded volume for the day was 506,852. The stock had closed at $38.18 in the previous trading session.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.