Analysts expect People’s United Financial, Inc. (NASDAQ:PBCT) to report earnings of $0.34 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for People’s United Financial’s earnings, with estimates ranging from $0.29 to $0.41. People’s United Financial reported earnings of $0.33 per share in the same quarter last year, which indicates a positive year over year growth rate of 3%. The firm is scheduled to report its next earnings report on Thursday, April 22nd.
According to Zacks, analysts expect that People’s United Financial will report full year earnings of $1.28 per share for the current year, with EPS estimates ranging from $1.13 to $1.44. For the next financial year, analysts anticipate that the company will post earnings of $1.33 per share, with EPS estimates ranging from $1.05 to $1.49. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow People’s United Financial.
People’s United Financial (NASDAQ:PBCT) last announced its earnings results on Wednesday, January 20th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The business had revenue of $561.00 million for the quarter, compared to analyst estimates of $488.86 million. People’s United Financial had a return on equity of 7.30% and a net margin of 21.57%. During the same period in the previous year, the company earned $0.37 earnings per share.
PBCT opened at $17.99 on Monday. People’s United Financial has a 12-month low of $9.73 and a 12-month high of $19.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $7.67 billion, a PE ratio of 15.51 and a beta of 1.26. The firm’s fifty day moving average price is $17.78 and its 200 day moving average price is $13.86.
The firm also recently declared a quarterly dividend, which was paid on Monday, February 15th. Stockholders of record on Monday, February 1st were issued a dividend of $0.18 per share. The ex-dividend date was Friday, January 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.00%. People’s United Financial’s dividend payout ratio is 51.80%.
In related news, EVP Kirk W. Walters sold 25,000 shares of the stock in a transaction dated Tuesday, January 19th. The stock was sold at an average price of $14.43, for a total value of $360,750.00. Following the completion of the sale, the executive vice president now directly owns 52,525 shares of the company’s stock, valued at approximately $757,935.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. FMR LLC increased its position in People’s United Financial by 10.8% during the first quarter. FMR LLC now owns 138,970 shares of the bank’s stock worth $2,285,000 after buying an additional 13,596 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of People’s United Financial by 72.0% during the third quarter. JPMorgan Chase & Co. now owns 1,155,919 shares of the bank’s stock valued at $11,755,000 after purchasing an additional 483,734 shares during the period. First Allied Advisory Services Inc. acquired a new position in shares of People’s United Financial in the 3rd quarter valued at $123,000. Public Sector Pension Investment Board boosted its position in shares of People’s United Financial by 34.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 51,396 shares of the bank’s stock valued at $530,000 after acquiring an additional 13,200 shares in the last quarter. Finally, Weld Capital Management LLC acquired a new position in People’s United Financial in the third quarter worth about $130,000. 71.55% of the stock is owned by institutional investors.
People’s United Financial Company Profile
People's United Financial, Inc operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking.
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