People’s United Financial Inc. (NASDAQ:PBCT) is set to release its Q316 earnings data on Thursday, October 20th. Analysts expect People’s United Financial to post earnings of $0.23 per share and revenue of $332.51 million for the quarter.

People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate 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%. On average, analysts expect People’s United Financial to post $0.89 EPS for the current fiscal year and $0.94 EPS for the next fiscal year.

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

Shares of People’s United Financial Inc. (NASDAQ:PBCT) opened at 15.44 on Tuesday. People’s United Financial Inc. has a 12-month low of $13.62 and a 12-month high of $16.93. The company’s 50-day moving average price is $15.87 and its 200-day moving average price is $15.54. The firm has a market capitalization of $4.69 billion, a PE ratio of 17.35 and a beta of 0.85.

In related news, VP David K. Norton sold 15,495 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $16.05, for a total value of $248,694.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert E. Trautmann sold 47,707 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $15.48, for a total value of $738,504.36. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. State Street Corp increased its position in shares of People’s United Financial by 3.4% in the second quarter. State Street Corp now owns 37,136,980 shares of the company’s stock valued at $544,426,000 after buying an additional 1,218,159 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of People’s United Financial during the second quarter valued at approximately $7,718,000. Bessemer Group Inc. increased its position in shares of People’s United Financial by 32.4% in the second quarter. Bessemer Group Inc. now owns 1,997,622 shares of the company’s stock valued at $29,285,000 after buying an additional 489,335 shares in the last quarter. Credit Suisse AG increased its position in shares of People’s United Financial by 32.6% in the second quarter. Credit Suisse AG now owns 1,511,627 shares of the company’s stock valued at $22,160,000 after buying an additional 371,977 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of People’s United Financial by 125.7% in the second quarter. Panagora Asset Management Inc. now owns 649,873 shares of the company’s stock valued at $9,527,000 after buying an additional 361,930 shares in the last quarter. Institutional investors and hedge funds own 77.30% of the company’s stock.

A number of equities analysts recently commented on PBCT shares. Zacks Investment Research upgraded People’s United Financial from a “sell” rating to a “hold” rating in a report on Thursday, October 13th. Deutsche Bank AG boosted their price objective on People’s United Financial from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, October 11th. Piper Jaffray Cos. upgraded People’s United Financial from an “underweight” rating to a “neutral” rating and set a $14.00 price objective for the company in a report on Wednesday, June 29th. Finally, Keefe, Bruyette & Woods restated 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. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. People’s United Financial presently has an average rating of “Hold” and an average price target of $15.31.

About People’s United Financial

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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