RBC Capital analyst Steven Duong maintained a Buy rating on Webster Financial (NYSE:WBS) Corp. on Friday, setting a price target of $61, which is approximately 20.36% above the present share price of $50.68.
Duong expects Webster Financial Corp . to post earnings per share (EPS) of $0.64 for the first quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Webster Financial, with an average price target of $52.88.
The analysts price targets range from a high of $61 to a low of $45.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $293.43 million and a net profit of $0. The company's market cap is $4.57 billion.
According to TipRanks.com, RBC Capital analyst Steven Duong is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 30.8% and a 76.92% success rate.
Webster Financial Corp. operates as a holding company for Webster Bank NA. It engages in providing financial services to individuals, families and businesses. It offers equipment financing, commercial real estate lending and asset-based lending services. It operates through the following business segments: Commercial Banking, HSA Bank and Community Banking, 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 HSA Bank segment offers health savings accounts, health reimbursement accounts, flexible spending accounts, and other financial solutions for healthcare. The Community Banking segment serves consumer and business banking customers primarily throughout southern New England and into Westchester County, New York. It is comprised of personal banking and business banking supported by a distribution network consisting of banking centers and ATMs, a customer care center, telephone banking and a full range of web and mobile-based banking services. The company was founded in 1986 and is headquartered in Waterbury, CT.