Zacks: Analysts Expect People & # 39; s United Financial, Inc. (PBCT) will make a quarterly statement of $ 404.46 million



According to Wall Street analysts, People & # 39; s United Financial, Inc. (NASDAQ: PBCT) sell $ 404.46 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for the profits of People & # 39; s United Financial, with the highest sales estimate of $ 409.93 million and the lowest estimate comes to $ 398.30 million. People & # 39; s United Financial reported revenues of $ 373.90 million in the same quarter last year, which means positive annual growth of 8.2%. The office will announce its next profit report on Thursday 18 October.

On average, analysts expect that People & # 39; s United Financial will report an annual revenue of $ 1.61 billion for the current year, with estimates ranging from $ 1.57 billion to $ 1.63 billion. For the following year, analysts expect the company to report sales of $ 1.76 billion per share, with estimates ranging from $ 1.67 billion to $ 1.82 billion. The sales average of Zacks is an average average based on a survey among research analysts related to People & # 39; s United Financial.

People & # 39; s United Financial (NASDAQ: PBCT) last published the quarterly results on Thursday, July 19. The bank reported earnings of $ 0.32 per share this quarter and hit analysts' consensus estimates of $ 0.32. The company had sales of $ 396.10 million for the quarter compared to the consensus estimate of $ 395.57 million. People & # 39; s United Financial had a return on equity of 7.57% and a net margin of 23.24%. In the same period last year, the company booked $ 0.19 EPS.

A number of research agencies have recently commented on PBCT. Zacks Investment Research reduced People & # 39; s United Financial from a "buy" rating to a "hold" rating in a report on Wednesday, May 16. BidaskClub reduced People & # 39; s United Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 10. ValuEngine has upgraded People & # 39; s United Financial from a "sell" classification to a "hold" rating in a report on Tuesday 24 July. Morgan Stanley raised their target price on People & # 39; s United Financial from $ 20.50 to $ 21.00 and gave the company an "equal weight" rating in a report on Tuesday, July 24. Ultimately, Keefe, Bruyette & Woods United People's United Financial have been upgraded from a "market perform" rating to an "outperform" rating and have set a $ 16.00 price target for the company in a research note on Tuesday, June 19. Two stock research analysts have rated the shares with a sell rating, four have given a hold rating and three have assigned a buy-rating to the shares of the company. The stock has an average rating of "Hold" and a target price target of $ 20.36.

In Other People & # 39; s United Financial news, VP Robert E. Trautmann sold 10,000 shares of the company's shares in a transaction that took place on Wednesday, August 1. The stock was sold at an average price of $ 18.34 for a total transaction of $ 183,400.00. The sale has been published in a document filed with the Securities & Exchange Commission, which is accessible via the SEC website. VP Robert E. Trautmann also sold 75,404 shares of the company in a transaction that took place on Wednesday 25 July. The shares were sold at an average price of $ 18.27, for a total value of $ 1,377,631.08. After the sale, the vice-president now holds 69,193 shares of the company's shares, which are estimated at approximately $ 1,264,156.11. The information for this sale can be found here. In the last 90 days, insiders sold 96,278 shares in the company's shares worth $ 1,764,375. 2.50% of the shares are owned by insiders.

A number of hedge funds and other institutional investors have recently changed their holdings in PBCT. Summit Trail Advisors LLC increased its positions in People & # 39; s United Financial with 1.843.8% in the 1st quarter. Summit Trail Advisors LLC now holds 105,819 shares of the bank's share of $ 106,000 after purchasing an additional 100,375 shares in the last quarter. FineMark National Bank & Trust bought a new position in People & # 39; s United Financial in the second quarter of approximately $ 150,000. In the second quarter, Argent Trust Co bought a new position in People & # 39; s United Financial worth approximately $ 182,000. Advisor Partners LLC acquired a new position in People & # 39; s United Financial in the second quarter of approximately $ 203,000. Finally, US Bancorp DE expanded its stake in People & # 39; s United Financial by 36.8% in the first quarter. US Bancorp DE now owns 11,698 shares of the bank's share of $ 218,000 after the purchase of 3,144 additional shares during the period. Hedge funds and other institutional investors hold 78.21% of the company's shares.

Shares of People & # 39; s United Financial shares traded 0.01 during trading hours on Monday and reached $ 18.51. The share had a trading volume of 2,107,581 shares, compared with the average volume of 2,473,273. The company has a market capitalization of $ 6.51 billion, a price-earnings ratio of 17.80, a price-earnings ratio of 7.23 and a beta of 0.94. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.98. People & # 39; s United Financial has a 1-year low of $ 15.97 and a 1-year high of $ 20.26.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders on Wednesday, 1 August received a dividend of $ 0.175 per share. The ex-dividend date was Tuesday 31 July. This represents a dividend of $ 0.70 on an annual basis and a yield of 3.78%. The pay-out ratio of People & # 39; s United Financial (DPR) is currently 67.31%.

About People & # 39; s United Financial

People & # 39; s United Financial, Inc. is the Bank Holding of People & # 39; s United Bank, National Association that provides commercial banking, retail banking and asset management services to private, corporate and municipal clients. The company is active in two segments, Commercial Banking and Retail Banking.

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Income History and Estimates for People's United Financial (NASDAQ: PBCT)



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