Economy

Price Target Estimates for People's United Financial Inc. (PBCT)

These analysts also forecasted Growth Estimates for the Current Quarter for PBCT to be 4.2%. During the same period in the prior year, the business earned $0.23 earnings per share. Shares are now up +0.43% over the past year, underperforming the broad market by -96.61% and underperformed a peer group of similar companies by -120%. The company is scheduled to report its next quarterly earnings report on Thursday, October 19th. On average, equities research analysts expect that People's United Financial, Inc. will post $0.93 EPS for the current fiscal year. (NASDAQ:PBCT). Parametric Port Limited Com stated it has 1.33 million shares. Piper Jaffray maintained People's United Financial, Inc. People's United Financial Inc had 20 analyst reports since July 20, 2015 according to SRatingsIntel. The company reported the earnings of $0.19/Share in the last quarter where the estimated EPS by analysts was $0.23/share. People's United Financial had a return on equity of 6.14% and a net margin of 18.88%. During the same quarter in the previous year, the firm posted $0.23 earnings per share.

Several brokerages recently commented on PBCT. BidaskClub lowered shares of People's United Financial from a "sell" rating to a "strong sell" rating in a research report on Friday, June 23rd. Hamlin Capital Management Llc sold 1.38 million shares as Peoples United Financial Inc (PBCT)'s stock declined 12.61%. They noted that the move was a valuation call. (NASDAQ:PBCT). Royal National Bank & Trust Of Canada invested 0.01% in People's United Financial, Inc. (NASDAQ:PBCT) on Thursday, August 17 with "Hold" rating. The company presently has a consensus rating of "Hold" and a consensus price target of $18.38. The stock has "Hold" rating by Keefe Bruyette & Woods on Thursday, June 8. Piper Jaffray upgraded People's United Financial, Inc. The stock's 50-day moving average price is $17.15 and its 200 day moving average price is $17.65. Following the completion of the sale, the vice president now owns 70,323 shares in the company, valued at approximately $1,201,116.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

In other People's United Financial news, insider Jeffrey Hoyt sold 6,759 shares of the business's stock in a transaction dated Tuesday, July 25th. On a similar note, the stock is -2.85% below its 50-day moving average, providing a measure of support for short positions. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company's stock.

Analyst research firms are expressing bullish stance on People's United Financial, Inc. KBC Group NV now owns 42,033 shares of the bank's stock valued at $765,000 after purchasing an additional 8,780 shares in the last quarter. Whalerock Point Partners LLC's holdings in People's United Financial were worth $603,000 as of its most recent filing with the Securities & Exchange Commission. People's United Financial, Inc. Teachers Advisors LLC now owns 373,474 shares of the bank's stock valued at $7,230,000 after purchasing an additional 21,354 shares in the last quarter. State Street Corp grew its holdings in People's United Financial by 6.2% during the 2nd quarter. The Connecticut-based Scoria Capital Partners Lp has invested 7.18% in the stock. Finally, Macquarie Group Ltd. raised its stake in People's United Financial by 25.6% during the fourth quarter. A sudden increase in a stock's activity can be a sign that investors are trading in anticipation of a catalyst, or that investors feel very strongly in one way or the other about the future direction of a stock. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/peoples-united-financial-inc-pbct-holdings-held-by-seizert-capital-partners-llc/1579933.html. The company has a market capitalization of $5.52 billion, a P/E ratio of 18.2829 and a beta of 0.82. FBR Capital has "Mkt Perform" rating and $20 target.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date was Friday, July 28th. Atlantic Tru Gp Ltd invested 0.01% of its portfolio in People's United Financial, Inc.

COPYRIGHT VIOLATION WARNING: This report was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this news story on another site, it was stolen and republished in violation of USA and global trademark and copyright law. Dnb Asset As stated it has 0% of its portfolio in People's United Financial, Inc.



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