Fintel reports that on January 6, 2025, Wells Fargo upgraded their outlook for Webster Financial (NYSE:WBS) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 20.89% Upside
As of December 23, 2024, the average one-year price target for Webster Financial is $67.59/share. The forecasts range from a low of $59.59 to a high of $79.80. The average price target represents an increase of 20.89% from its latest reported closing price of $55.91 / share.
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The projected annual revenue for Webster Financial is 2,702MM, an increase of 14.06%. The projected annual non-GAAP EPS is 8.23.
What is the Fund Sentiment?
There are 921 funds or institutions reporting positions in Webster Financial. This is an decrease of 17 owner(s) or 1.81% in the last quarter. Average portfolio weight of all funds dedicated to WBS is 0.26%, an increase of 4.84%. Total shares owned by institutions increased in the last three months by 0.22% to 182,764K shares. 
The put/call ratio of WBS is 0.38, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,455K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 5,446K shares , representing an increase of 0.16%. The firm increased its portfolio allocation in WBS by 0.59% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 5,359K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 5,334K shares , representing an increase of 0.46%. The firm decreased its portfolio allocation in WBS by 1.89% over the last quarter.
Invesco holds 4,933K shares representing 2.88% ownership of the company. In its prior filing, the firm reported owning 5,985K shares , representing a decrease of 21.31%. The firm decreased its portfolio allocation in WBS by 93.08% over the last quarter.
Price T Rowe Associates holds 4,652K shares representing 2.71% ownership of the company. In its prior filing, the firm reported owning 6,248K shares , representing a decrease of 34.31%. The firm decreased its portfolio allocation in WBS by 23.40% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,292K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 4,314K shares , representing a decrease of 0.52%. The firm decreased its portfolio allocation in WBS by 2.93% over the last quarter.
Webster Financial Background Information
(This description is provided by the company.)
Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. With $32.6 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 155 banking centers and 297 ATMs. Webster also provides mobile and online banking. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. Webster Bank is a member of the FDIC and an equal housing lender.
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