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A statement released earlier today by Zacks Investment Research about Webster Financial Corporation (NYSE:WBS) raises the target price to $61.00

Just yesterday Webster Financial Corporation (NYSE:WBS) traded -1.15% lower at $54.18. Webster Financial Corporation’s 50-day moving average is $52.02 and its 200-day moving average is $51.86. The last stock price is up -7.58% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 479,643 shares of WBS traded hands, down from an average trading volume of 876,644

In a report released on 7/8/2017 Zacks Investment Research increased the stock price target of Webster Financial Corporation (NYSE:WBS) to $61.00 reporting a possible upside of 0.13%.

Recent Performance Chart

Webster Financial Corporation (NYSE:WBS)

Webster Financial Corporation has 52 week low of $36.64 and a 52 week high of $57.50 with a PE ratio of 19.97 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 12 brokerages have issued a research note on the company. The average stock price target is $37.67 with 2 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 9 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Webster Financial Corporation (NYSE:WBS)

Webster Financial Corporation is a bank and financial holding company. The Company's segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. 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 Community Banking segment consists of its Personal Banking and Business Banking segments. HSA Bank, a division of its subsidiary, Webster Bank, National Association, offers health savings accounts, health reimbursement accounts, flexible spending accounts, and other financial solutions. Private Banking serves high-net-worth clients, not-for-profit organizations, and business clients with asset management, trust, loan and deposit products, and financial planning services. Its treasury unit and consumer-liquidating portfolio are included in the Corporate and Reconciling segment.

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