People’s United Financial Inc. (NASDAQ:PBCT) – Equities researchers at Jefferies Group dropped their FY2017 earnings per share (EPS) estimates for People’s United Financial in a research report issued to clients and investors on Friday. Jefferies Group analyst C. Haire now forecasts that the brokerage will post earnings per share of $0.92 for the year, down from their previous forecast of $0.93. Jefferies Group also issued estimates for People’s United Financial’s FY2018 earnings at $0.99 EPS.

A number of other research analysts have also issued reports on the company. Zacks Investment Research lowered People’s United Financial from a “hold” rating to a “sell” rating in a report on Wednesday, September 21st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $16.00 price objective on shares of People’s United Financial in a report on Wednesday, June 29th. Finally, Piper Jaffray Cos. raised People’s United Financial from an “underweight” rating to a “neutral” rating and set a $14.00 price objective on the stock in a report on Wednesday, June 29th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $15.19.

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

Shares of People’s United Financial (NASDAQ:PBCT) traded down 0.19% during mid-day trading on Monday, hitting $15.86. The company’s stock had a trading volume of 415,781 shares. The stock has a 50-day moving average of $15.90 and a 200-day moving average of $15.55. The company has a market cap of $4.81 billion, a PE ratio of 17.82 and a beta of 0.85. People’s United Financial has a 12-month low of $13.62 and a 12-month high of $16.93.

People’s United Financial (NASDAQ:PBCT) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. People’s United Financial had a return on equity of 5.60% and a net margin of 19.13%.

A number of hedge funds have recently bought and sold shares of the company. Independent Portfolio Consultants Inc. increased its stake in People’s United Financial by 148.0% in the third quarter. Independent Portfolio Consultants Inc. now owns 6,350 shares of the company’s stock worth $100,000 after buying an additional 3,790 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of People’s United Financial by 1.3% in the first quarter. Canada Pension Plan Investment Board now owns 7,600 shares of the company’s stock valued at $121,000 after buying an additional 100 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of People’s United Financial by 8.8% in the second quarter. Nordea Investment Management AB now owns 8,314 shares of the company’s stock valued at $122,000 after buying an additional 672 shares in the last quarter. Campbell Newman Asset Management Inc. bought a new stake in shares of People’s United Financial during the second quarter valued at about $147,000. Finally, Profund Advisors LLC bought a new stake in shares of People’s United Financial during the second quarter valued at about $149,000. Institutional investors own 77.34% of the company’s stock.

In other People’s United Financial news, VP Robert E. Trautmann sold 47,707 shares of the business’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $15.48, for a total transaction of $738,504.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP David K. Norton sold 15,495 shares of the business’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $16.05, for a total value of $248,694.75. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

People’s United Financial Company Profile

People’s United Financial, Inc (People’s United) is the bank holding company for People’s United Bank, National Association (the Bank). The principal business of the Company is to provide, through the Bank and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers.

5 Day Chart for NASDAQ:PBCT

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