People’s United Financial, Inc. (NASDAQ:PBCT) issued its quarterly earnings results on Wednesday. The bank reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01, Bloomberg Earnings reports. People’s United Financial had a net margin of 18.88% and a return on equity of 6.14%. The company had revenue of $373.90 million for the quarter, compared to the consensus estimate of $374.59 million. During the same quarter in the prior year, the company earned $0.24 EPS. People’s United Financial’s quarterly revenue was up 11.2% on a year-over-year basis.

People’s United Financial (PBCT) traded up 0.66% during midday trading on Thursday, reaching $18.36. The company’s stock had a trading volume of 2,187,921 shares. The stock has a market cap of $6.20 billion, a P/E ratio of 20.54 and a beta of 0.84. The stock’s 50 day moving average is $17.52 and its 200 day moving average is $17.41. People’s United Financial has a 12-month low of $15.82 and a 12-month high of $20.13.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 3.76%. People’s United Financial’s dividend payout ratio is presently 77.53%.

ILLEGAL ACTIVITY WARNING: “People’s United Financial, Inc. (PBCT) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/10/19/peoples-united-financial-inc-pbct-announces-quarterly-earnings-results-beats-estimates-by-0-01-eps.html.

Several equities analysts recently weighed in on PBCT shares. Zacks Investment Research downgraded shares of People’s United Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies reiterated a “sell” rating and issued a $16.00 price target on shares of People’s United Financial in a report on Wednesday, October 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $17.75 price target (up previously from $17.50) on shares of People’s United Financial in a report on Friday, July 7th. BidaskClub downgraded shares of People’s United Financial from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 price target on shares of People’s United Financial in a report on Friday, August 18th. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. People’s United Financial has a consensus rating of “Hold” and an average price target of $18.75.

In other news, Director Janet M. Hansen sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $17.14, for a total value of $205,680.00. Following the transaction, the director now owns 145,707 shares of the company’s stock, valued at $2,497,417.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Hoyt sold 6,759 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $17.98, for a total value of $121,526.82. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

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)

Receive News & Stock Ratings for People's United Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People's United Financial Inc. and related stocks with our FREE daily email newsletter.