Analyst’s Ratings on People’s United Financial Inc (PBCT)

Analysts are weighing in on how People’s United Financial, Inc. (NASDAQ:PBCT) , might perform in the near term. Wall Street analysts have a unfavorable assessment of the stock, with a mean rating of 3.5. The stock is rated as buy by 0 analysts, with 0 outperform and 7 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.

For the current quarter, the 11.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.22 a share, which would compare with $0.20 in the same quarter last year. They have a high estimate of $0.23 and a low estimate of $0.21. Revenue for the period is expected to total nearly $333.26M from $313.40M the year-ago period.

For the full year, 12.00 Wall Street analysts forecast this company would deliver earnings of 0.90 per share, with a high estimate of $0.92 and a low estimate of $0.86. It had reported earnings per share of $0.84 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $1.35B versus 1.28B in the preceding year.

The analysts project the company to maintain annual growth of around 6.66% percent over the next five years as compared to an average growth rate of 8.18% percent expected for its competitors in the same industry.

Among the 9 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for PBCT is $15.06 but some analysts are projecting the price to go as high as $16.50. If the optimistic analysts are correct, that represents a 5 percent upside potential from the recent closing price of $15.74. Some sell-side analysts, particularly the bearish ones, have called for $14.00 price targets on shares of People’s United Financial, Inc. (NASDAQ:PBCT) .

In the last reported results, the company reported earnings of $0.20 per share, while analysts were calling for share earnings of $0.21. It was an earnings surprise of -4.80%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

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. The Commercial Banking segment offers commercial real estate lending, commercial and industrial lending, and commercial deposit gathering services. This segment also provides equipment financing; cash management, correspondent banking, and municipal banking services; institutional trust, corporate trust, private banking, and insurance services. The Retail Banking segment offers consumer lending, including residential mortgage and home equity lending; and consumer deposit gathering services. This segment also provides brokerage, financial advisory, investment management, life insurance, and non-institutional trust services. The company also offers online banking, investment trading, and telephone banking services. It operates through a network of 396 branches and 594 ATMs in Connecticut, southeastern New York, Massachusetts, Vermont, New Hampshire, and Maine. Peoples United Financial, Inc. was founded in 1842 and is headquartered in Bridgeport, Connecticut.