Analysts predict that People’s United Financial, Inc. (NASDAQ:PBCT) will announce $0.34 earnings per share for the current quarter, Zacks reports. Five analysts have made estimates for People’s United Financial’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.32. People’s United Financial reported earnings per share of $0.32 during the same quarter last year, which indicates a positive year-over-year growth rate of 6.3%. The company is scheduled to report its next earnings report on Thursday, July 18th.
According to Zacks, analysts expect that People’s United Financial will report full-year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.33 to $1.38. For the next fiscal year, analysts forecast that the firm will report earnings of $1.47 per share, with EPS estimates ranging from $1.41 to $1.55. Zacks Investment Research’s 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 posted its earnings results on Thursday, April 18th. The bank reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. The business had revenue of $427.40 million for the quarter, compared to analysts’ expectations of $432.11 million. People’s United Financial had a net margin of 23.64% and a return on equity of 8.16%. During the same period in the previous year, the company posted $1.30 earnings per share.
PBCT stock traded up $0.16 during trading on Tuesday, hitting $16.22. 2,441,199 shares of the company’s stock traded hands, compared to its average volume of 3,512,212. People’s United Financial has a 52 week low of $13.66 and a 52 week high of $19.19. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 5.84 and a beta of 1.21. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.94 and a quick ratio of 0.94.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a dividend of $0.1775 per share. This is an increase from People’s United Financial’s previous quarterly dividend of $0.18. This represents a $0.71 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Tuesday, April 30th. People’s United Financial’s payout ratio is currently 54.20%.
In other news, insider Mark F. Herron sold 4,466 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $17.36, for a total transaction of $77,529.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Washington Trust Bank increased its holdings in shares of People’s United Financial by 17.3% in the 1st quarter. Washington Trust Bank now owns 22,516 shares of the bank’s stock valued at $370,000 after acquiring an additional 3,325 shares during the period. Geode Capital Management LLC increased its stake in People’s United Financial by 9.7% during the 4th quarter. Geode Capital Management LLC now owns 5,871,742 shares of the bank’s stock worth $84,598,000 after buying an additional 517,455 shares in the last quarter. JPMorgan Chase & Co. increased its stake in People’s United Financial by 63.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,405,128 shares of the bank’s stock worth $24,055,000 after buying an additional 544,832 shares in the last quarter. Comerica Bank grew its position in shares of People’s United Financial by 12.9% in the fourth quarter. Comerica Bank now owns 174,321 shares of the bank’s stock valued at $2,937,000 after purchasing an additional 19,953 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its position in shares of People’s United Financial by 6.8% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 36,024 shares of the bank’s stock valued at $592,000 after purchasing an additional 2,282 shares in the last quarter. Institutional investors own 75.85% 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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