$0.31 EPS Expected for People's United Financial, Inc. (PBCT)

June 15, 2018 - By Carrie Sands

People's United Financial, Inc. (NASDAQ:PBCT) LogoInvestors sentiment decreased to 1.13 in 2018 Q1. Its down 0.19, from 1.32 in 2017Q4. It dived, as 24 investors sold People's United Financial, Inc. shares while 125 reduced holdings. 44 funds opened positions while 125 raised stakes. 259.70 million shares or 1.71% more from 255.33 million shares in 2017Q4 were reported.
Raymond James Fincl Serv invested in 0.02% or 178,081 shares. Macquarie Limited has invested 0% in People's United Financial, Inc. (NASDAQ:PBCT). Ubs Asset Management Americas reported 1.53M shares stake. Hourglass Capital Llc invested in 465,290 shares or 1.98% of the stock. Bnp Paribas Asset Mgmt owns 21,094 shares or 0% of their US portfolio. Essex holds 0.12% or 32,123 shares. Richard Bernstein Advisors Llc holds 85,790 shares. Fiduciary Trust owns 15,145 shares. Mutual Of America Cap Mgmt Limited Company invested 0.01% of its portfolio in People's United Financial, Inc. (NASDAQ:PBCT). Meiji Yasuda Asset Mngmt accumulated 48,000 shares. Moreover, Basswood Capital Mngmt Lc has 0.16% invested in People's United Financial, Inc. (NASDAQ:PBCT) for 205,063 shares. Millennium Mgmt Limited Liability Company holds 0.05% or 1.86 million shares. Brown Brothers Harriman holds 0% or 1,100 shares. Toronto Dominion National Bank & Trust owns 187,053 shares. Voya Invest Management Limited Liability invested 0.01% of its portfolio in People's United Financial, Inc. (NASDAQ:PBCT).

Since January 22, 2018, it had 0 insider buys, and 10 insider sales for $3.21 million activity. On Monday, January 22 RICHARDS MARK W sold $128,960 worth of People's United Financial, Inc. (NASDAQ:PBCT) or 6,500 shares. $109,995 worth of stock was sold by Daukas Galan G on Monday, March 5. Shares for $1.34 million were sold by Longobardi Sara M. 10,000 shares were sold by Carter George P, worth $186,930. 4,300 shares valued at $85,617 were sold by Franklin Jerry on Monday, January 22. 22,000 shares valued at $420,200 were sold by BARNES JOHN P on Tuesday, February 13.

Analysts expect People's United Financial, Inc. (NASDAQ:PBCT) to report $0.31 EPS on July, 19.They anticipate $0.07 EPS change or 29.17 % from last quarter’s $0.24 EPS. PBCT’s profit would be $105.82M giving it 15.15 P/E if the $0.31 EPS is correct. After having $0.30 EPS previously, People's United Financial, Inc.’s analysts see 3.33 % EPS growth. The stock decreased 0.79% or $0.15 during the last trading session, reaching $18.79. About 3.04 million shares traded or 2.44% up from the average. People's United Financial, Inc. (NASDAQ:PBCT) has risen 11.34% since June 15, 2017 and is uptrending. It has underperformed by 1.23% the S&P500.

People's United Financial, Inc. (NASDAQ:PBCT) Ratings Coverage

Among 5 analysts covering People’s United Financial (NASDAQ:PBCT), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. People’s United Financial had 8 analyst reports since December 21, 2017 according to SRatingsIntel. The company was upgraded on Friday, April 20 by PiperJaffray. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, February 26. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, April 19. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. Sandler O’Neill maintained the stock with “Hold” rating in Thursday, January 18 report. The stock has “Buy” rating by Sandler O’Neill on Thursday, April 19. Morgan Stanley maintained People's United Financial, Inc. (NASDAQ:PBCT) on Friday, April 20 with “Equal-Weight” rating.

PeopleÂ’s United Financial, Inc. operates as the bank holding firm for PeopleÂ’s United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company has market cap of $6.41 billion. The firm operates in two divisions, Commercial Banking and Retail Banking. It has a 19.37 P/E ratio. The Commercial Banking segment offers commercial real estate lending, commercial and industrial lending, and commercial deposit gathering services.

Another recent and important People's United Financial, Inc. (NASDAQ:PBCT) news was published by Gurufocus.com which published an article titled: “10 Undervalued Companies for the Defensive Dividend Stock Investor – June 2018” on June 14, 2018.

People's United Financial, Inc. (NASDAQ:PBCT) Institutional Positions Chart

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