People's United Financial (PBCT) Scheduled to Post Earnings on Thursday
People's United Financial (NASDAQ:PBCT) is scheduled to be posting its Q214 quarterly earnings results on Thursday, July 17th. Analysts expect People's United Financial to post earnings of $0.20 per share and revenue of $314.81 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Shares of People's United Financial (NASDAQ:PBCT) opened at 15.18 on Wednesday. People's United Financial has a 1-year low of $13.73 and a 1-year high of $15.70. The stock has a 50-day moving average of $14.89 and a 200-day moving average of $14.63. The company has a market cap of $4.546 billion and a price-to-earnings ratio of 19.92. People's United Financial also was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 34,847,944 shares, a growth of 11.0% from the June 13th total of 31,395,050 shares. Based on an average daily trading volume, of 3,765,863 shares, the days-to-cover ratio is currently 9.3 days. Approximately 11.4% of the company’s stock are short sold.
A number of analysts have recently weighed in on PBCT shares. Analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of People's United Financial in a research note on Wednesday, June 25th. They now have a $16.00 price target on the stock, down previously from $17.00. On a related note, analysts at SunTrust initiated coverage on shares of People's United Financial in a research note on Thursday, May 15th. They set a “neutral” rating and a $15.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of People's United Financial in a research note on Wednesday, May 14th. They now have a $15.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.00.
People’s United Financial, Inc (NASDAQ:PBCT) is a savings and loan holding company.
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