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.



Like this

Latest


13 January 2018
Producers of Padmavat happy with CBFC, disclose the 5 changes suggested
The film got stuck after various Rajput groups alleged that it distorts history , a claim repeatedly denied by the director. Deepika Padukone Upcoming Most Awaited Film 'Padmavati' period drama has now officially been renamed Padmaavat .

13 January 2018
Eden Hazard voted into UEFA Fan's Team of the Year
There is no place for PSG stars Neymar or Kylian Mbappe, despite their stunning individual form in 2017. Cristiano Ronaldo made his 12 appearance in the team, alongside five other Real Madrid players.

13 January 2018
QUALCOMM, Inc. (QCOM) Stake Lowered by Honkamp Krueger Financial Services Inc
WARNER BRADFORD H had sold 3,000 shares worth $298,392 on Tuesday, January 2. 33 funds opened positions while 76 raised stakes. Northern Trust Corp has invested 0.01% in MRC Global Inc. (NASDAQ:IDTI) for 18,714 shares. (NASDAQ:IDTI) or 49,028 shares.

13 January 2018
VNBTrust National Association Raises Position in DISH Network Corp (DISH)
DISH Network Corporation ( DISH ) has demonstrated a 20-day simple moving average (SMA) of -0.58%, and a 50-day SMA of -1.76%. LLC now owns 2,500 shares of the company's stock worth $157,000 after purchasing an additional 100 shares during the period.

13 January 2018
Power Outage Brings CES to a Standstill
Device-maker Wiltronic Corporation continued to do demos using fully charged laptops, CNN Tech reported . In this article , let's take a look at the roundup of what has been launched on CES 2018, Day 2.

13 January 2018
U.S. ambassador to Panama quits and says he can not serve under Trump
Speaking to journalists at the State Department, he said, "Everyone has a line that they will not cross". Trump said he'd prefer to receive immigrants from countries like Norway.

13 January 2018
Wichita State crushes ECU
East Carolina: The Pirates have been in a state of flux since coach Jeff Lebo stepped down six games into his eighth season. Tulsa and Wichita State , who were rivals in the Missouri Valley Conference, have met in each of the past seven seasons.

13 January 2018
Francesca's Holdings Corporation (FRAN) Stake Reduced by SG Americas Securities LLC
FBR Capital downgraded Francesca's Holdings Corporation (NASDAQ:FRAN) on Tuesday, November 15 to "Underperform" rating. William Blair also issued estimates for Francesca's' Q1 2019 earnings at $0.16 EPS and Q2 2019 earnings at $0.25 EPS.

13 January 2018
Wesley Mathews Indicted on Capital Murder Charge
After two weeks of looking, searchers found Sherin's body less than a mile from the house. Eventually Wesley Mathews no longer felt a pulse on the child and believed she had died".

13 January 2018
Prudential Financial Inc. Increases Position in Ingersoll-Rand PLC (Ireland) (NYSE:IR)
Following the transaction, the executive vice president now owns 110,695 shares in the company, valued at $8,400,643.55. The stock of Marriott International, Inc. (NYSE:AVT) earned "Sell" rating by Citigroup on Friday, October 27.



Recommended