EPS for People's United Financial, Inc. (PBCT) Expected At $0.34

September 16, 2018 - By Mary Kidd

People's United Financial, Inc. (NASDAQ:PBCT) LogoInvestors sentiment decreased to 1.01 in 2018 Q2. Its down 0.12, from 1.13 in 2018Q1. It turned negative, as 32 investors sold People's United Financial, Inc. shares while 122 reduced holdings. 38 funds opened positions while 117 raised stakes. 260.17 million shares or 0.18% more from 259.70 million shares in 2018Q1 were reported.
Advisory Ser Net accumulated 17,380 shares. Louisiana State Employees Retirement System owns 20,500 shares for 0.02% of their portfolio. Argent Trust Company has 0.02% invested in People's United Financial, Inc. (NASDAQ:PBCT) for 10,036 shares. Jefferies Group Ltd has 0.02% invested in People's United Financial, Inc. (NASDAQ:PBCT). Strs Ohio owns 37,161 shares. Profund Advsr Limited Liability Corporation has 0.01% invested in People's United Financial, Inc. (NASDAQ:PBCT). Envestnet Asset Mgmt has 183,795 shares for 0.01% of their portfolio. 60,257 were reported by Natixis L P. Metropolitan Life Communication New York owns 0% invested in People's United Financial, Inc. (NASDAQ:PBCT) for 52,583 shares. Legal General Group Inc Plc owns 1.82 million shares. Moreover, Mitsubishi Ufj Trust & has 0.02% invested in People's United Financial, Inc. (NASDAQ:PBCT) for 803,739 shares. Cibc Ww Markets Corp has invested 0.01% in People's United Financial, Inc. (NASDAQ:PBCT). Epoch Invest Prtn Incorporated reported 0.39% stake. Ftb Advsrs holds 419 shares. Twin Capital Mngmt Inc invested 0.07% in People's United Financial, Inc. (NASDAQ:PBCT).

Since May 8, 2018, it had 0 insider purchases, and 7 selling transactions for $3.57 million activity. 10,000 shares were sold by Carter George P, worth $186,930. Another trade for 75,404 shares valued at $1.38 million was sold by Trautmann Robert E. 73,324 People's United Financial, Inc. (NASDAQ:PBCT) shares with value of $1.34M were sold by Longobardi Sara M. Herron Mark F sold $204,694 worth of stock or 10,976 shares.

Analysts expect People's United Financial, Inc. (NASDAQ:PBCT) to report $0.34 EPS on October, 18.They anticipate $0.08 EPS change or 30.77 % from last quarter’s $0.26 EPS. PBCT’s profit would be $116.41 million giving it 13.12 P/E if the $0.34 EPS is correct. After having $0.32 EPS previously, People's United Financial, Inc.’s analysts see 6.25 % EPS growth. The stock increased 0.22% or $0.04 during the last trading session, reaching $17.84. About 1.72M shares traded. People's United Financial, Inc. (NASDAQ:PBCT) has risen 6.74% since September 16, 2017 and is uptrending. It has underperformed by 8.88% the S&P500.

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

Among 5 analysts covering People’s United Finl (NASDAQ:PBCT), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. People’s United Finl had 7 analyst reports since March 22, 2018 according to SRatingsIntel. Sandler O’Neill upgraded People's United Financial, Inc. (NASDAQ:PBCT) on Thursday, April 19 to “Buy” rating. As per Thursday, April 19, the company rating was maintained by Keefe Bruyette & Woods. The stock of People's United Financial, Inc. (NASDAQ:PBCT) has “Neutral” rating given on Friday, April 20 by PiperJaffray. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, July 24. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, April 20 report. Keefe Bruyette & Woods upgraded it to “Buy” rating and $21.5000 target in Tuesday, June 19 report.

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 $6.11 billion. The firm operates in two divisions, Commercial Banking and Retail Banking. It has a 15.29 P/E ratio. The Commercial Banking segment offers commercial real estate lending, commercial and industrial lending, and commercial deposit gathering services.

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

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