People’s United Financial, Inc. (NASDAQ:PBCT) – Stock analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of People’s United Financial in a research report issued to clients and investors on Tuesday. Jefferies Group analyst C. Haire anticipates that the bank will earn $0.26 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $19.00 price target on the stock. Jefferies Group also issued estimates for People’s United Financial’s Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.28 EPS and Q4 2018 earnings at $0.28 EPS.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised People’s United Financial from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, September 5th. Morgan Stanley restated an “equal weight” rating and set a $17.75 price target (up from $17.50) on shares of People’s United Financial in a research report on Friday, July 7th. Keefe, Bruyette & Woods restated a “hold” rating on shares of People’s United Financial in a research report on Monday, July 10th. Piper Jaffray Companies restated a “sell” rating and set a $16.00 price target on shares of People’s United Financial in a research report on Wednesday, October 4th. Finally, BidaskClub upgraded People’s United Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Three research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. People’s United Financial has an average rating of “Hold” and a consensus price target of $18.38.

WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/10/11/analysts-set-expectations-for-peoples-united-financial-inc-s-q1-2018-earnings-pbct.html.

People’s United Financial (PBCT) traded down 0.60% during trading on Wednesday, hitting $18.21. The company’s stock had a trading volume of 81,834 shares. The firm has a 50 day moving average of $17.22 and a 200 day moving average of $17.39. People’s United Financial has a 12 month low of $15.28 and a 12 month high of $20.13. The firm has a market cap of $6.15 billion, a P/E ratio of 20.37 and a beta of 0.84.

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

Institutional investors have recently added to or reduced their stakes in the business. Crawford Investment Counsel Inc. boosted its holdings in People’s United Financial by 7.8% in the second quarter. Crawford Investment Counsel Inc. now owns 2,882,016 shares of the bank’s stock worth $50,896,000 after acquiring an additional 207,716 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in People’s United Financial by 7.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,083,768 shares of the bank’s stock worth $19,139,000 after acquiring an additional 72,489 shares in the last quarter. Capital Advisors Inc. OK boosted its holdings in People’s United Financial by 4.3% in the second quarter. Capital Advisors Inc. OK now owns 694,082 shares of the bank’s stock worth $12,257,000 after acquiring an additional 28,878 shares in the last quarter. KBC Group NV boosted its holdings in People’s United Financial by 26.4% in the first quarter. KBC Group NV now owns 42,033 shares of the bank’s stock worth $765,000 after acquiring an additional 8,780 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in People’s United Financial by 20.1% in the second quarter. Bank of Montreal Can now owns 1,092,161 shares of the bank’s stock worth $19,287,000 after acquiring an additional 183,129 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

In other People’s United Financial news, insider Jeffrey Hoyt sold 6,759 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $17.98, for a total value of $121,526.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Janet M. Hansen sold 12,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $17.14, for a total value of $205,680.00. Following the completion of the sale, the director now directly owns 145,707 shares in the company, valued at $2,497,417.98. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

About People’s United Financial

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.

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.