People's United Financial, Inc. (NASDAQ:PBCT) is set to announce third quarter earning results on Thursday 22nd October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PBCT to report 3Q20 income of $ 0.29 per share.
For the full year, analysts anticipate top line of $ 2029.38 million, while looking forward to income of $ 1.12 per share bottom line.
Previous Quarter Performance
People's United Financial, Inc. posted income for the second quarter of $ 0.24 per share, from the revenue of $ 495.20 million. The quarterly earnings declined 29.41 percent compared with the same quarter last year. According to street consensus, PBCT was expected to report 2Q20 income of $ 0.22 per share from revenue of $ 510.18 million. The bottom line results beat street analysts by $ 0.02 or 9.09 percent, at the same time, top line results fell short of analysts by $ 14.98 million or 2.94 percent.
Stock Performance
Shares of People's United Financial, Inc. traded up $ 0.04 or 0.38 percent on Wednesday, reaching $ 10.56 with volume of 2.62 million shares. People's United Financial, Inc. has traded high as $ 10.63 and has cracked $ 10.48 on the downward trend
The closing price of $ 10.56, representing a 12.27 % increase from the 52 week low of $ 9.37 and a 38.91 % decrease over the 52 week high of $ 17.22.
The company has a market capital of $ 4.49 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Overweight rating, with $ 12.50 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.18 per share on July 23, 2020. The dividend were payable on August 15, 2020 to holders of record as of the close of business on August 3, 2020 and ex-dividend date on July 31, 2020.
Conference Call
People's United Financial, Inc. will be hosting a conference call at 5:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.peoples.com
Peoples United Financial, Inc. operates as the bank holding company for Peoples 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.
