People’s United Financial (NASDAQ:PBCT) released its quarterly earnings data on Thursday. The bank reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33, RTT News reports. People’s United Financial had a net margin of 23.98% and a return on equity of 7.97%. The business had revenue of $398.70 million during the quarter, compared to analyst estimates of $404.65 million. During the same quarter in the previous year, the business earned $0.26 EPS.
Shares of People’s United Financial stock opened at $16.04 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.78. People’s United Financial has a twelve month low of $15.50 and a twelve month high of $20.26. The stock has a market cap of $5.64 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 6.21 and a beta of 0.93.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.36%. People’s United Financial’s dividend payout ratio (DPR) is currently 67.31%.
Several research analysts recently commented on PBCT shares. Zacks Investment Research upgraded shares of People’s United Financial from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, July 18th. Morgan Stanley lifted their target price on shares of People’s United Financial from $20.50 to $21.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 24th. ValuEngine downgraded shares of People’s United Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. BidaskClub downgraded shares of People’s United Financial from a “sell” rating to a “strong sell” rating in a report on Saturday, June 30th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.50 target price on shares of People’s United Financial in a report on Monday, July 23rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. People’s United Financial presently has an average rating of “Hold” and an average price target of $19.81.
About People’s United Financial
People's United Financial, Inc operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking.
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