Seaport Global analyst Laurie Havener maintains $Webster Financial (WBS.US)$ with a buy rating, and maintains the target price at $65.
According to TipRanks data, the analyst has a success rate of 57.4% and a total average return of 6.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Webster Financial (WBS.US)$'s main analysts recently are as follows:
The bank's Q3 results indicated better than anticipated trends in net interest income, supported by positive loan and deposit growth. Additionally, credit risk ratings are normalizing, and the backdrop for borrowers has shown improvement with well-contained loss content.
Webster Financial delivered a robust quarter with noteworthy net interest income outcomes and their fourth-quarter net interest income guidance was considered promising. It is believed that Webster's outlook is now aptly captured within its relative valuation.
Note:
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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.
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