People’s United Financial, Inc. (PBCT) to Release Quarterly Earnings on Wednesday
People’s United Financial, Inc. (NASDAQ:PBCT) will be announcing its earnings results after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.
People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $366.50 million for the quarter, compared to the consensus estimate of $357.16 million. During the same quarter last year, the firm earned $0.23 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts expect People’s United Financial to post $0.93 EPS for the current fiscal year and $1.11 EPS for the next fiscal year.
People’s United Financial, Inc. (PBCT) opened at 18.32 on Wednesday. The stock’s 50 day moving average price is $17.22 and its 200 day moving average price is $17.39. People’s United Financial, Inc. has a 12-month low of $15.28 and a 12-month high of $20.13. The company has a market cap of $6.18 billion, a PE ratio of 20.49 and a beta of 0.84.
PBCT has been the topic of several recent research reports. BidaskClub lowered People’s United Financial from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Zacks Investment Research upgraded People’s United Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $17.75 price target (up previously from $17.50) on shares of People’s United Financial in a report on Friday, July 7th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of People’s United Financial in a report on Monday, July 10th. Finally, Piper Jaffray Companies set a $16.00 price target on People’s United Financial and gave the stock a “sell” rating in a report on Thursday, August 17th. Three research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.38.
In other news, Director Janet M. Hansen sold 12,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 145,707 shares in the company, valued at $2,497,417.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Hoyt sold 6,759 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $17.98, for a total value of $121,526.82. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.
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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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