Equities research analysts expect that People’s United Financial, Inc. (NASDAQ:PBCT) will post sales of $381.80 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for People’s United Financial’s earnings, with the highest sales estimate coming in at $386.10 million and the lowest estimate coming in at $377.50 million. People’s United Financial posted sales of $336.10 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.6%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 19th.

On average, analysts expect that People’s United Financial will report full-year sales of $381.80 million for the current financial year, with estimates ranging from $1.47 billion to $1.51 billion. For the next financial year, analysts forecast that the business will post sales of $1.63 billion per share, with estimates ranging from $1.61 billion to $1.65 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow People’s United Financial.

People’s United Financial (NASDAQ:PBCT) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.04. The company had revenue of $366.50 million during the quarter, compared to the consensus estimate of $357.16 million. People’s United Financial had a net margin of 18.88% and a return on equity of 6.14%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share.

Several research analysts have commented on the stock. BidaskClub raised shares of People’s United Financial from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of People’s United Financial in a report on Tuesday, May 9th. Zacks Investment Research raised shares of People’s United Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Piper Jaffray Companies set a $16.00 price target on shares of People’s United Financial and gave the company a “sell” rating in a report on Thursday. Finally, Morgan Stanley raised shares of People’s United Financial from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $16.50 to $17.50 in a report on Monday, June 5th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $18.48.

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Shares of People’s United Financial (PBCT) opened at 16.63 on Friday. People’s United Financial has a 52 week low of $15.27 and a 52 week high of $20.13. The company has a market capitalization of $5.61 billion, a PE ratio of 18.60 and a beta of 0.82. The company has a 50 day moving average price of $17.50 and a 200 day moving average price of $17.84.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Friday, July 28th. People’s United Financial’s dividend payout ratio is currently 77.53%.

In other news, Director Jerry Franklin sold 4,520 shares of People’s United Financial stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $16.72, for a total transaction of $75,574.40. Following the completion of the sale, the director now directly owns 97,249 shares of the company’s stock, valued at approximately $1,626,003.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert E. Trautmann sold 118,836 shares of People’s United Financial stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $17.08, for a total transaction of $2,029,718.88. Following the sale, the vice president now directly owns 70,323 shares of the company’s stock, valued at $1,201,116.84. The disclosure for this sale can be found here. Insiders have sold a total of 130,115 shares of company stock valued at $2,226,820 over the last ninety days. 2.70% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of PBCT. Toronto Dominion Bank boosted its position in shares of People’s United Financial by 36.5% in the second quarter. Toronto Dominion Bank now owns 116,640 shares of the bank’s stock worth $2,060,000 after buying an additional 31,179 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of People’s United Financial by 3.0% in the second quarter. Advisory Services Network LLC now owns 7,757 shares of the bank’s stock worth $137,000 after buying an additional 226 shares during the last quarter. National Asset Management Inc. boosted its position in shares of People’s United Financial by 9.0% in the second quarter. National Asset Management Inc. now owns 24,069 shares of the bank’s stock worth $426,000 after buying an additional 1,994 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of People’s United Financial by 16.7% in the second quarter. Ameritas Investment Partners Inc. now owns 62,826 shares of the bank’s stock worth $1,108,000 after buying an additional 9,000 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of People’s United Financial during the second quarter worth approximately $519,000. Institutional investors own 75.03% of the company’s stock.

People’s United Financial Company Profile

People’s United Financial, Inc is a bank holding company and a financial holding company of People’s United Bank (the Bank). The Bank is engaged in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company operates through 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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