Wall Street brokerages predict that People's United Financial, Inc. (NASDAQ:PBCT) will announce sales of $396.51 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for People's United Financial’s earnings. The lowest sales estimate is $388.00 million and the highest is $408.02 million. People's United Financial reported sales of $366.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.2%. The company is scheduled to announce its next quarterly earnings report on Thursday, July 19th.
According to Zacks, analysts expect that People's United Financial will report full-year sales of $1.61 billion for the current fiscal year, with estimates ranging from $1.57 billion to $1.64 billion. For the next financial year, analysts expect that the company will post sales of $1.72 billion per share, with estimates ranging from $1.67 billion to $1.76 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover People's United Financial.
People's United Financial (NASDAQ:PBCT) last released its earnings results on Thursday, April 19th. The bank reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The company had revenue of $386.20 million for the quarter, compared to the consensus estimate of $398.69 million. People's United Financial had a return on equity of 7.16% and a net margin of 21.64%. People's United Financial’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 earnings per share.
NASDAQ PBCT traded down $0.08 on Tuesday, hitting $18.72. 56,575 shares of the company traded hands, compared to its average volume of 3,061,007. The company has a market capitalization of $6.53 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 7.33 and a beta of 0.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.96 and a current ratio of 0.96. People's United Financial has a 52-week low of $18.63 and a 52-week high of $18.77.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.74%. This is an increase from People's United Financial’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, April 30th. People's United Financial’s payout ratio is presently 67.31%.
In other news, Director Mark W. Richards sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $18.71, for a total value of $74,840.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Galan G. Daukas sold 5,612 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $19.60, for a total value of $109,995.20. The disclosure for this sale can be found here. Insiders sold 82,936 shares of company stock worth $1,528,864 over the last 90 days. Company insiders own 2.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors purchased a new stake in shares of People's United Financial in the fourth quarter worth about $108,000. Community Bank N.A. purchased a new stake in shares of People's United Financial in the fourth quarter worth about $115,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of People's United Financial by 131.1% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,400 shares of the bank’s stock worth $194,000 after buying an additional 5,900 shares in the last quarter. Wellington Shields & Co. LLC purchased a new stake in shares of People's United Financial in the fourth quarter worth about $200,000. Finally, Candriam Luxembourg S.C.A. purchased a new stake in shares of People's United Financial in the fourth quarter worth about $208,000. Institutional investors and hedge funds own 76.57% 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.
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