$0.33 Earnings Per Share Expected for People’s United Financial, Inc. (NASDAQ:PBCT) This Quarter

Analysts predict that People’s United Financial, Inc. (NASDAQ:PBCT) will post earnings per share of $0.33 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for People’s United Financial’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.31. People’s United Financial reported earnings of $0.36 per share during the same quarter last year, which would suggest a negative year over year growth rate of 8.3%. The firm is scheduled to issue its next earnings results on Thursday, January 16th.

On average, analysts expect that People’s United Financial will report full-year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.37. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.37 per share, with EPS estimates ranging from $1.30 to $1.40. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover People’s United Financial.

People’s United Financial (NASDAQ:PBCT) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. People’s United Financial had a net margin of 23.32% and a return on equity of 8.17%. The firm had revenue of $462.00 million for the quarter, compared to analysts’ expectations of $452.39 million. During the same quarter last year, the company posted $0.33 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis.

A number of equities research analysts have weighed in on PBCT shares. ValuEngine upgraded People’s United Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Stephens assumed coverage on People’s United Financial in a report on Tuesday, October 29th. They issued an “equal weight” rating and a $16.00 price objective for the company. Zacks Investment Research lowered People’s United Financial from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research report on Tuesday, October 29th. DA Davidson reissued a “buy” rating on shares of People’s United Financial in a report on Wednesday, September 11th. Finally, Morgan Stanley dropped their target price on People’s United Financial from $17.50 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $17.00.

NASDAQ:PBCT traded up $0.17 during midday trading on Tuesday, hitting $16.51. The company had a trading volume of 1,863,129 shares, compared to its average volume of 2,363,045. The company has a market capitalization of $6.53 billion, a PE ratio of 12.60, a P/E/G ratio of 6.06 and a beta of 1.26. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.56. People’s United Financial has a 52-week low of $13.66 and a 52-week high of $18.03. The stock’s fifty day moving average price is $16.55 and its 200-day moving average price is $15.95.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date was Wednesday, October 30th. People’s United Financial’s payout ratio is presently 54.20%.

In other People’s United Financial news, CAO Jeffrey Hoyt sold 14,263 shares of People’s United Financial stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $16.09, for a total value of $229,491.67. Following the transaction, the chief accounting officer now directly owns 25,199 shares of the company’s stock, valued at approximately $405,451.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William M. Sheedy sold 21,164 shares of People’s United Financial stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $179.41, for a total value of $3,797,033.24. Insiders sold 429,175 shares of company stock valued at $10,569,273 over the last three months. 2.40% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in PBCT. New Mexico Educational Retirement Board raised its holdings in People’s United Financial by 2.2% during the 2nd quarter. New Mexico Educational Retirement Board now owns 32,188 shares of the bank’s stock valued at $540,000 after buying an additional 700 shares during the last quarter. Bank of Hawaii increased its position in shares of People’s United Financial by 1.9% in the third quarter. Bank of Hawaii now owns 37,552 shares of the bank’s stock valued at $587,000 after acquiring an additional 707 shares during the period. SeaCrest Wealth Management LLC increased its position in shares of People’s United Financial by 2.5% in the third quarter. SeaCrest Wealth Management LLC now owns 29,935 shares of the bank’s stock valued at $468,000 after acquiring an additional 729 shares during the period. Zeke Capital Advisors LLC raised its stake in shares of People’s United Financial by 3.1% during the second quarter. Zeke Capital Advisors LLC now owns 25,385 shares of the bank’s stock valued at $426,000 after acquiring an additional 752 shares during the last quarter. Finally, Washington Trust Bank raised its stake in shares of People’s United Financial by 4.2% during the third quarter. Washington Trust Bank now owns 21,725 shares of the bank’s stock valued at $340,000 after acquiring an additional 868 shares during the last quarter. 75.83% of the stock is owned by hedge funds and other institutional investors.

People’s United Financial Company Profile

People's United Financial, Inc operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking.

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Earnings History and Estimates for People`s United Financial (NASDAQ:PBCT)

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