Economy

People's United Financial (PBCT) to Release Quarterly Earnings on Wednesday

COPYRIGHT VIOLATION WARNING: "CHURCHILL MANAGEMENT Corp Invests $22.04 Million in People's United Financial, Inc".

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. The lowest EPS estimate is $0.26 and the highest is $0.27. Equities analysts forecast that People's United Financial, Inc. will post $0.96 earnings per share for the current year.

On Tuesday, Shares of People's United Financial, Inc.

People's United Financial (NASDAQ:PBCT) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.26 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.25 by $0.01. People's United Financial had a return on equity of 5.86% and a net margin of 19.12%. The firm had revenue of $373.90 million for the quarter, compared to analysts' expectations of $374.59 million. People's United Financial's quarterly revenue was up 11.2% on a year-over-year basis. Zacks Investment Research cut People's United Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, October 3rd. Piper Jaffray Companies reiterated a "sell" rating and issued a $17.00 price target on shares of People's United Financial in a research note on Sunday, October 22nd. A 1 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NASDAQ:CROX) or, if they already own its stock, sell it. The count of Hold ratings in that period was 1. The stock increased 1.19% or $0.23 during the last trading session, reaching $19.48. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $18.89, for a total transaction of $1,889,000.00. The shares were sold at an average price of $19.18, for a total transaction of $115,847.20. The disclosure for this sale can be found here. As for a performance, the company showed are surging trend of -0.87% since start of the year and revealed jumped up activity of 6.56% for the past three months. Institutional investors and hedge funds own 75.52% of the company's stock.

Several brokerages recently issued reports on PBCT. Finally, Advisor Group Inc. lifted its stake in People's United Financial by 5.5% during the third quarter. Janus Henderson Group PLC now owns 4,212,281 shares of the bank's stock valued at $74,389,000 after purchasing an additional 4,168,800 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in shares of People's United Financial by 2.3% in the 2nd quarter. HighTower Advisors LLC now owns 73,614 shares of the company's stock worth $1,170,000 after buying an additional 4,665 shares during the last quarter. Intl Fcstone Inc. bought a new position in shares of People's United Financial in the 2nd quarter worth about $185,000. Bank of Hawaii purchased a new stake in People's United Financial during the third quarter worth approximately $818,000. The firm acquired 1,178,739 shares of the bank's stock, valued at approximately $22,042,000. However, the institutional investors are observed to own 78.70% of the total shares. (NASDAQ:PBCT) traded up $0.23 during trading hours on Thursday, reaching $19.48.

Daily Journal Corp holds 56.91% of its portfolio in Wells Fargo & Company for 1.59 million shares.

They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin. The stock was trading at a distance of -3.93% from its 52-week highs and stands 19.45% away from its 52-week lows. The stock has a market capitalization of $6,530.00, a PE ratio of 20.79, a PEG ratio of 9.51 and a beta of 0.85. "(PBCT) Stock" was first posted by Registrar Journal and is the sole property of of Registrar Journal. If you are reading this piece on another publication, it was illegally copied and republished in violation of USA and global copyright & trademark law.

People's United Finl (PBCT) now has a 14-day Commodity Channel Index (CCI) of 209.46.

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.



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