On Oct 19, major Wall Street analysts update their ratings for $Webster Financial (WBS.US)$, with price targets ranging from $59 to $65.
Barclays analyst Jared Shaw maintains with a buy rating, and adjusts the target price from $60 to $63.
Wells Fargo analyst Timur Braziler maintains with a hold rating, and adjusts the target price from $50 to $60.
Wedbush analyst David Chiaverini maintains with a hold rating, and adjusts the target price from $49 to $59.
Seaport Global analyst Laurie Havener maintains with a buy rating, and adjusts the target price from $55 to $65.
Furthermore, according to the comprehensive report, the opinions of $Webster Financial (WBS.US)$'s main analysts recently are as follows:
The bank's Q3 outcomes indicated more favorable trends in net interest income, with loan and deposit growth seen as positive factors. The normalization of credit risk ratings continues, and the environment for borrowers has shown improvement with well-contained loss content.
Webster Financial delivered a robust quarter, underscored by strong net interest income performance, with fourth-quarter net interest income guidance that appears promising. It is believed that Webster's projections are accurately captured within its current relative valuation.
Here are the latest investment ratings and price targets for $Webster Financial (WBS.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
