People's United Financial (PBCT) to Release Quarterly Earnings on Wednesday

People's United Financial (NASDAQ:PBCT) is set to issue its quarterly earnings data after the market closes on Wednesday, January 17th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

People's United Financial (NASDAQ:PBCT) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. People's United Financial had a return on equity of 6.28% and a net margin of 19.32%. The company had revenue of $373.90 million for the quarter, compared to analysts’ expectations of $374.59 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts expect People's United Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of People's United Financial (NASDAQ PBCT) opened at $19.07 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.98. People's United Financial has a 52 week low of $15.97 and a 52 week high of $19.85. The firm has a market capitalization of $6,600.00, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 8.26 and a beta of 0.85.

In related news, CEO John P. Barnes sold 299,309 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $18.88, for a total value of $5,650,953.92. Following the completion of the transaction, the chief executive officer now owns 383,140 shares of the company’s stock, valued at $7,233,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey J. Tengel sold 173,685 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $19.32, for a total value of $3,355,594.20. The disclosure for this sale can be found here. Insiders sold 724,338 shares of company stock valued at $13,796,084 in the last three months. 2.70% of the stock is currently owned by insiders.

Several brokerages have issued reports on PBCT. Zacks Investment Research upgraded People's United Financial from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, December 5th. Piper Jaffray Companies restated a “sell” rating and set a $17.00 target price on shares of People's United Financial in a research report on Sunday, October 22nd. Finally, Barclays boosted their target price on People's United Financial from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $19.04.

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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.

Earnings History for People's United Financial (NASDAQ:PBCT)

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