13 Cheap Mid-Cap Stocks to Add to Your Portfolio

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7. Webster Financial Corporation (NYSE:WBS)

Market Cap: $8.75 billion

Forward P/E: 9.26

Number of Hedge Fund Holders: 42

Webster Financial Corporation (NYSE:WBS) is one of the 13 Cheap Mid-Cap Stocks to Add to Your Portfolio. On June 10, Citi analyst Ben Gerlinger maintained a Buy rating on Webster Financial Corporation (NYSE:WBS) and set a price target of $65.00.

The company reported revenues of $704.8 million in fiscal Q1 2025, while period-end loans and leases balance rose $0.6 billion to $53.1 billion.

Net income applicable to common stockholders for the quarter reached $220.4 million compared to $210.1 million last year. This translates to $1.30 per diluted share, compared to $1.23 per diluted share for the quarter ended March 31, 2024.

Webster Financial Corporation (NYSE:WBS) provides financial services to families, individuals, and businesses. The company’s operations are divided into the following business segments: Commercial Banking, HSA Bank, and Retail Banking.

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