Citi Reiterates a Buy Rating on Webster Financial (WBS) With a $65 PT

Webster Financial Corporation (NYSE:WBS) is one of the 13 Cheap Mid-Cap Stocks to Add to Your PortfolioOn 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.

Chime Financial (CHYM) Falls 8% as Stablecoins Threaten Traditional Payments

A close up of a hand pressing a mobile banking app displayed on a tablet or smartphone.

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.

While we acknowledge the potential of WBS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.