Webster Financial Corporation – Consensus indicates 27.6% upside potential

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Webster Financial Corporation with ticker code (WBS) now have 10 analysts covering the stock. Analyst consensus points to a buy rating. The target price ranges between 76 and 62 and has an average objective at 72.2. Together with the stock’s previous close at 56.58, this indicates that there is upside potential of 27.6%. The 50 day MA is 59.29 and the 200 day MA is 55.02. The market cap of the company is $10,819 million. Company website: https://public.websteronline.com

The potential market cap would be $13,806 million based on market consensus.

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Webster Financial Corporation operates as a bank holding company for Webster Bank, National Association which provides a range of banking, investment and financial services to individuals, families and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank and Community Banking. The Commercial Banking segment provides lending, depository and cash management services to mid-market businesses; and commercial and industrial loans and leases, commercial real estate loans, equipment financing and asset-based loans, and treasury and payment services. This segment also offers asset management, financial planning and trust services, as well as deposit and loan products for high net worth clients, non-profit organizations and businesses. The HSA Bank segment offers health savings accounts, health reimbursement accounts, flexible spending accounts and other financial solutions to employers for the benefit of their employees and individuals. The Community Banking segment offers deposit and fee-based services, residential mortgages, home equity lines or loans, unsecured consumer loans and consumer credit cards, as well as investment services and securities, including brokerage services and investment advice through a strategic partnership. with LPL Financial Holdings Inc. This segment also provides credit, deposit and cash flow management products to corporate and professional services firms. The company also offers online and mobile banking services. As of February 12, 2021, it operated 155 banking centers and 297 ATMs. Webster Financial Corporation was founded in 1935 and is headquartered in Waterbury, Connecticut.

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