People’s United Financial, Inc. (NASDAQ:PBCT) is set to release its earnings data after the market closes on Thursday, July 20th. Analysts expect People’s United Financial to post earnings of $0.23 per share for the quarter.
People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings data on Thursday, April 20th. The bank reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. People’s United Financial had a net margin of 19.46% and a return on equity of 5.98%. The firm had revenue of $342.80 million for the quarter, compared to analyst estimates of $336.29 million. During the same quarter in the prior year, the business earned $0.21 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts expect People’s United Financial to post $0.95 EPS for the current fiscal year and $1.08 EPS for the next fiscal year.
People’s United Financial, Inc. (PBCT) opened at 17.74 on Tuesday. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 19.14 and a beta of 0.82. The stock’s 50 day moving average is $17.15 and its 200 day moving average is $18.27. People’s United Financial, Inc. has a 52 week low of $14.79 and a 52 week high of $20.13.
A number of brokerages have recently commented on PBCT. BidaskClub raised shares of People’s United Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of People’s United Financial in a research 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 research report on Tuesday, July 4th. Finally, Morgan Stanley raised shares of People’s United Financial from an “underweight” rating to an “equal weight” rating and boosted their price objective 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. Three equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.25.
In other news, VP Robert E. Trautmann sold 118,836 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $17.08, for a total value of $2,029,718.88. Following the completion of the sale, the vice president now owns 70,323 shares of the company’s stock, valued at $1,201,116.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jerry Franklin sold 4,520 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.
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.
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