People’s United Financial Inc. [NASDAQ:PBCT] will report earnings after markets close on Thursday, January 21st.
PBCT Earnings Forecast For The Current Quarter
People’s United Financial Inc. [PBCT] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $500.07M and an earnings per share of $0.33 for Dec 2020. Looking further ahead, the company is expected to report revenue of $490.96M at an EPS of $0.31 for Mar 2021. The estimates represent upside of -3.80% and -7.90% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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PBCT Earnings Estimates For The Current Year
For the financial year, People’s United Financial Inc. [NASDAQ:PBCT] is expected to bring in revenue of $2.01B. The returns are nearly $170.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 1.23, lower than that of FY19 by -$0.16. Estimates put this year’s earnings growth at -11.50%, -8.10% for the next, and at an annual 13.73% over the next 5-year period. As for sales, forecasts are for an increase of 9.70% in the current fiscal year and a further -3.80% over the following year.
PBCT Price Performance
On Wall Street, People’s United Financial Inc. [NASDAQ:PBCT] finished Tuesday’s session up 1.46% at $14.63. The stock went up to $14.66 at the same session while its lowest single day price was $14.31. In the last five days, it saw a rise of about 3.54%, People’s United Financial Inc. shares gained by almost 13.15% since the beginning of the year. However, the share price has dropped to as low as -11.97% below its one year high. On 01/14/21, the company shares recorded $14.73, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $12.66. The company’s shares have declined by -8.85% in the past year. The 50-day SMA achieved is $13.09 while the 200-day SMA is $11.66. Volume dropped to 5.66 million from 5.7 million in the previous session.
People’s United Financial Inc. [PBCT] Valuation Measures
Notably, People’s United Financial Inc. [PBCT] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 12.71. The measure means the stock is exchanging at a premium as compared to the 12.10x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 3.35 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.51 which means PBCT serve an unattractive investment opportunity compared to its competitors.
PBCT Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 14.63 level, and in case of violation of this particular level, it will cause more drop to 14.41 level. On the upper level, 15.11 is still the key resistance. The stock may increase to the subsequent resistance at 14.88. The Relative Strength Index (RSI) pinned on the 14-day chart is 67.54, implying a neutral technical stance while the MACD stands at 0.79, meaning price will decrease in the next trading period. Percent R indicator moved to 4.76%, implying bullish price movement. Stochastic %K at 88.57% suggest selling the stock.
Is People’s United Financial Inc. [NASDAQ:PBCT] a Good Buy Right Now?
It should be noted that PBCT technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 88% Buy in the past month. Data from People’s United Financial Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 4.06 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 4.93 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 4.68 million shares.
What is the short interest in People’s United Financial Inc.?
Short interest in the People’s United Financial Inc. stock has surged, increasing by 2.43 million shares to total 12.91 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 15.34 million, data from Yahoo Finance shows. The decrease of -18.82% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 4.02% of the overall float for the stock.
People’s United Financial Inc.’s Biggest Shareholders: Who Owns People’s United Financial Inc. [PBCT]?
Filings by SSgA Funds Management, Inc. showed that the firm now holds a total of 53,714,005 shares or roughly 12.64% of the outstanding PBCT shares. This means their shares have increased by 3,062,042 from the 53,714,005 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $583,667,958. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -1.85% stake valued at $354,400,038 while Wells Fargo Clearing Services LLC cut theirs at $171,653,146. During the last quarter, BlackRock Fund Advisors liquidated -517,572 of its shares in People’s United Financial Inc. while Wells Fargo Clearing Services LLC sold -690,526 shares. The Dimensional Fund Advisors LP’s holdings currently number 11,849,507 shares at $173358287.41. According to the firm’s last 13F report, Invesco Capital Management LLC shares in the company at filing stood at 11,571,357 shares, roughly $149,617,646.
What are analyst thoughts on People’s United Financial Inc.?
Looking forward to the People’s United Financial Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for People’s United Financial Inc. stock at $14.00 within the next 12 months, which represents almost -4.5 per cent growth from its previous closing price of $14.63. The highest analysts’ target for People’s United Financial Inc. stock projections is $16.00 and the lowest one is $12.00. Still, 15 analysts sharing their consensus rating for PBCT stock in 2021 agree that it is a Hold.