These Analysts Revise Their Forecasts On Webster Financial After Q4 Results

Financial Performance - Webster Financial Corp reported quarterly earnings of $1.59 per share, exceeding the analyst consensus estimate of $1.54 per share [1] - The company reported quarterly sales of $632.853 million, which fell short of the analyst consensus estimate of $643.044 million [1] Management Commentary - John R. Ciulla, chairman and CEO, stated that Webster continued to excel fundamentally in the fourth quarter and highlighted record EPS and tangible book value per share in the year of its 90th anniversary [2] Stock Performance - Following the earnings announcement, Webster Financial shares fell 0.3% to trade at $63.83 [2] Analyst Ratings and Price Targets - Keefe, Bruyette & Woods analyst Christopher Mcgratty maintained an Outperform rating and raised the price target from $75 to $77 [3] - Citigroup analyst Ben Gerlinger maintained a Buy rating but lowered the price target from $77 to $75 [3] - Truist Securities analyst David Smith maintained a Buy rating and raised the price target from $72 to $73 [3] - TD Cowen analyst Janet Lee maintained a Buy rating and raised the price target from $77 to $79 [3]