Wall Street brokerages forecast that People’s United Financial, Inc. (NASDAQ:PBCT) will post earnings of $0.25 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for People’s United Financial’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.26. People’s United Financial also reported earnings of $0.25 per share in the same quarter last year. The firm is expected to report its next earnings results on Thursday, October 19th.

On average, analysts expect that People’s United Financial will report full-year earnings of $0.92 per share for the current year, with EPS estimates ranging from $0.91 to $0.92. For the next year, analysts anticipate that the company will post earnings of $1.08 per share, with EPS estimates ranging from $1.03 to $1.12. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover People’s United Financial.

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

A number of analysts have commented on PBCT shares. Morgan Stanley raised People’s United Financial from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $16.50 to $17.50 in a research report on Monday, June 5th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.00 price target on shares of People’s United Financial in a research report on Friday, June 9th. BidaskClub raised People’s United Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research cut People’s United Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Finally, Piper Jaffray Companies set a $16.00 price target on People’s United Financial and gave the stock a “sell” rating in a research report on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. People’s United Financial has an average rating of “Hold” and a consensus price target of $18.38.

TRADEMARK VIOLATION NOTICE: “Analysts Expect People’s United Financial, Inc. (PBCT) to Post $0.25 Earnings Per Share” was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/08/analysts-expect-peoples-united-financial-inc-pbct-to-post-0-25-earnings-per-share.html.

People’s United Financial (NASDAQ PBCT) traded up 1.12% on Friday, reaching $16.25. The company’s stock had a trading volume of 2,495,010 shares. People’s United Financial has a 1-year low of $15.28 and a 1-year high of $20.13. The firm’s 50 day moving average price is $17.07 and its 200-day moving average price is $17.62. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 18.18 and a beta of 0.82.

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 $0.1725 dividend. The ex-dividend date was Friday, July 28th. This represents a $0.69 annualized dividend and a dividend yield of 4.25%. People’s United Financial’s dividend payout ratio (DPR) is presently 77.53%.

In other news, insider Jeffrey Hoyt sold 6,759 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $17.98, for a total value of $121,526.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Glassman Wealth Services raised its holdings in People’s United Financial by 4,150.7% in the 2nd quarter. Glassman Wealth Services now owns 5,696 shares of the bank’s stock worth $101,000 after purchasing an additional 5,562 shares during the period. Ffcm LLC raised its holdings in People’s United Financial by 208.3% in the 2nd quarter. Ffcm LLC now owns 6,345 shares of the bank’s stock worth $114,000 after purchasing an additional 4,287 shares during the period. Advisory Services Network LLC acquired a new position in People’s United Financial in the 1st quarter worth about $137,000. Daiwa Securities Group Inc. raised its holdings in People’s United Financial by 19.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the bank’s stock worth $158,000 after purchasing an additional 1,400 shares during the period. Finally, Federated Investors Inc. PA raised its holdings in People’s United Financial by 0.8% in the 2nd quarter. Federated Investors Inc. PA now owns 9,678 shares of the bank’s stock worth $171,000 after purchasing an additional 80 shares during the period. 77.02% of the stock is owned by institutional investors.

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.

Get a free copy of the Zacks research report on People’s United Financial (PBCT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for People's United Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People's United Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.