Brokerages predict that People’s United Financial, Inc. (NASDAQ:PBCT) will announce earnings per share (EPS) of $0.27 for the current quarter, according to Zacks. Three analysts have issued estimates for People’s United Financial’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.27. People’s United Financial posted earnings per share of $0.24 in the same quarter last year, which would suggest a positive year over year growth rate of 12.5%. The business is scheduled to report its next quarterly earnings report on Thursday, January 18th.

According to Zacks, analysts expect that People’s United Financial will report full-year earnings of $0.94 per share for the current financial year, with EPS estimates ranging from $0.92 to $0.95. For the next year, analysts expect that the business will report earnings of $1.12 per share, with EPS estimates ranging from $1.06 to $1.16. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover People’s United Financial.

People’s United Financial (NASDAQ:PBCT) last issued its earnings results on Thursday, October 19th. The bank reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $373.90 million during the quarter, compared to the consensus estimate of $374.59 million. People’s United Financial had a return on equity of 6.28% and a net margin of 19.32%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS.

A number of brokerages have commented on PBCT. Zacks Investment Research raised People’s United Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of People’s United Financial in a research note on Monday, July 10th. 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. BidaskClub lowered People’s United Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Piper Jaffray Companies reissued a “sell” rating and issued a $16.00 target price on shares of People’s United Financial in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.08.

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Shares of People’s United Financial (NASDAQ:PBCT) traded down $0.13 on Friday, hitting $18.49. The stock had a trading volume of 1,800,000 shares, compared to its average volume of 2,290,000. The company has a market cap of $6,370.00, a P/E ratio of 19.40, a PEG ratio of 9.46 and a beta of 0.85. People’s United Financial has a 12-month low of $15.97 and a 12-month high of $20.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.72.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.1725 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.69 annualized dividend and a yield of 3.73%. People’s United Financial’s payout ratio is currently 75.82%.

In other news, Director Janet M. Hansen sold 12,000 shares of the firm’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 owns 145,707 shares of the company’s stock, valued at approximately $2,497,417.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sara M. Longobardi sold 43,450 shares of People’s United Financial stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $18.68, for a total value of $811,646.00. The disclosure for this sale can be found here. Insiders have sold a total of 381,491 shares of company stock worth $7,173,247 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Glassman Wealth Services lifted its holdings in shares of 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 valued at $101,000 after buying an additional 5,562 shares during the period. Ffcm LLC increased its stake in People’s United Financial by 208.3% during the 2nd quarter. Ffcm LLC now owns 6,345 shares of the bank’s stock worth $114,000 after buying an additional 4,287 shares in the last quarter. Advisory Services Network LLC increased its stake in People’s United Financial by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 7,757 shares of the bank’s stock worth $137,000 after buying an additional 226 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in People’s United Financial by 1,408.7% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 7,996 shares of the bank’s stock worth $145,000 after buying an additional 7,466 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in shares of People’s United Financial by 0.8% during 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 last quarter. 76.90% of the stock is owned by institutional investors and hedge funds.

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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