People's United Financial (PBCT) Releases Earnings Results, Reports EPS of $0.21 EPS

People's United Financial (PBCT) reported quarterly earnings results on Thursday, Apr-21-2016. The company reported $0.21 EPS for the quarter. Analysts had a consensus estimate of $0.21. Analysts expectations of $329.41 million. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on People's United Financial. People's United Financial was Downgraded by Morgan Stanley to ” Underweight” on Apr 5, 2016. People's United Financial was Upgraded by Piper Jaffray to ” Neutral” on Jan 25, 2016.

People's United Financial opened for trading at $16.03 and hit $16.2 on the upside on Monday, eventually ending the session at $16.19, with a gain of 0.75% or 0.12 points. The heightened volatility saw the trading volume jump to 23,28,223 shares. Company has a market cap of $5,026 M.

In a different news, on Jul 23, 2015, Galan G Daukas (Sr. Executive Vice President) sold 4,865 shares at $16.20 per share price. According to the SEC, on Jun 18, 2015, Kirk W Walters (Sr Ex VP & Chief Fin’l Officer) sold 383,982 shares at $16.09 per share price. On Jun 18, 2015, Jeffrey Hoyt (Controller) sold 87,841 shares at $16.11 per share price, according to the Form-4 filing with the securities and exchange commission.

People’s United Financial Inc. is a savings and loan holding company. It is a holding company for People’s United Bank (the Bank) a federally-chartered stock savings bank headquartered in Bridgeport Connecticut. The principal business of the Company is to provide through the Bank and its subsidiaries commercial banking retail banking and wealth management services to individual corporate and municipal customers. The Company’s operates through three segments: Commercial Banking Retail Banking and Wealth Management. In addition the Treasury area manages the Company’s securities portfolio short-term investments brokered deposits and wholesale borrowings. In addition to traditional banking activities the Bank provides specialized financial services: personal institutional and employee benefit trust; cash management and municipal banking and finance.

People's United Financial

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