Brokerages forecast that People’s United Financial, Inc. (NASDAQ:PBCT) will report $0.25 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for People’s United Financial’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.26. People’s United Financial also posted earnings per share of $0.25 during the same quarter last year. The company is scheduled to report its next quarterly earnings report on Thursday, October 19th.

According to Zacks, analysts expect that People’s United Financial will report full year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.91 to $1.00. For the next year, analysts expect that the business will report earnings of $1.08 per share, with EPS estimates ranging from $1.03 to $1.12. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow People’s United Financial.

People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $357.16 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The firm’s quarterly revenue was up 10.0% on a year-over-year basis.

PBCT has been the subject of a number of recent analyst reports. BidaskClub lowered shares of People’s United Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Morgan Stanley upgraded shares of People’s United Financial from an “underweight” rating to an “equal weight” rating and upped their price target 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. Zacks Investment Research lowered shares of People’s United Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of People’s United Financial in a research report on Tuesday, May 9th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 price target on shares of People’s United Financial in a research report on Friday, August 18th. Three equities 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 a consensus rating of “Hold” and a consensus price target of $18.48.

In other People’s United Financial news, VP Robert E. Trautmann sold 118,836 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $17.08, for a total transaction of $2,029,718.88. Following the transaction, the vice president now directly owns 70,323 shares in the company, valued at approximately $1,201,116.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Hoyt sold 6,759 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $17.98, for a total transaction of $121,526.82. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of PBCT. BlackRock Inc. grew its holdings in People’s United Financial by 2,026.9% during the 1st quarter. BlackRock Inc. now owns 26,740,727 shares of the bank’s stock worth $486,681,000 after acquiring an additional 25,483,451 shares in the last quarter. Janus Henderson Group PLC grew its holdings in People’s United Financial by 9,587.6% during the 2nd quarter. Janus Henderson Group PLC now owns 4,212,281 shares of the bank’s stock worth $74,389,000 after acquiring an additional 4,168,800 shares in the last quarter. Vanguard Group Inc. grew its holdings in People’s United Financial by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 32,902,001 shares of the bank’s stock worth $598,816,000 after acquiring an additional 3,027,697 shares in the last quarter. State Street Corp grew its holdings in People’s United Financial by 6.2% during the 2nd quarter. State Street Corp now owns 39,968,330 shares of the bank’s stock worth $705,843,000 after acquiring an additional 2,316,636 shares in the last quarter. Finally, Janus Capital Management LLC grew its holdings in People’s United Financial by 86.2% during the 1st quarter. Janus Capital Management LLC now owns 3,574,254 shares of the bank’s stock worth $65,051,000 after acquiring an additional 1,654,567 shares in the last quarter. Institutional investors own 77.02% of the company’s stock.

Shares of People’s United Financial (PBCT) opened at 16.85 on Tuesday. The stock has a 50 day moving average of $17.20 and a 200-day moving average of $17.70. The firm has a market capitalization of $5.69 billion, a P/E ratio of 18.85 and a beta of 0.82. People’s United Financial has a 52-week low of $15.28 and a 52-week high of $20.13.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Friday, July 28th. People’s United Financial’s dividend payout ratio is currently 77.53%.

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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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Earnings History and Estimates for People`s United Financial (NASDAQ:PBCT)

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