People’s United Financial (NASDAQ:PBCT) announced its earnings results on Thursday. The bank reported $0.33 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.33, RTT News reports. People’s United Financial had a return on equity of 7.57% and a net margin of 23.24%. During the same quarter last year, the company earned $0.26 EPS.
People’s United Financial stock traded down $0.18 during mid-day trading on Thursday, reaching $16.17. 3,557,400 shares of the company were exchanged, compared to its average volume of 3,034,526. People’s United Financial has a 12 month low of $15.80 and a 12 month high of $20.26. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $5.97 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 6.63 and a beta of 0.93.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.33%. People’s United Financial’s dividend payout ratio (DPR) is presently 67.31%.
In other People’s United Financial news, Director George P. Carter sold 10,874 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $18.70, for a total transaction of $203,343.80. Following the transaction, the director now owns 13,758 shares in the company, valued at approximately $257,274.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Robert E. Trautmann sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $18.34, for a total value of $183,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 155,454 shares of company stock worth $2,835,231. Corporate insiders own 2.50% of the company’s stock.
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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