Webster Financial Corporation found using ticker (WBS) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 75 and 55 with the average target price sitting at 64.95. Now with the previous closing price of 45.25 this is indicating there is a potential upside of 43.5%. The 50 day moving average now sits at 50.59 and the 200 day MA is 48.53. The company has a market cap of $7,488m. Find out more information at: https://public.websteronline.com
The potential market cap would be $10,747m based on the market concensus.
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Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment provides commercial real estate and equipment financing, business banking, asset-based lending, and commercial services; public sector finance; mortgage warehouse financing; treasury management services; credit, deposit, and cash flow management services; and wealth management solutions to business owners and operators, including trust, asset management, financial planning, insurance, retirement, and investment products, as well as derivative, treasury, accounts payable, accounts receivable, and trade products and services. The HSA Bank segment offers health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter services that are distributed directly to employers and individual consumers, as well as through national and regional insurance carriers, consultants, and financial advisors. The Consumer Banking segment provides consumer deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers; and small business banking products, such as credit, deposit, and cash flow management to businesses and professional service firms. It also offers online and mobile banking services. The company was founded in 1935 and is headquartered in Stamford, Connecticut.