2 Regional Bank Stocks Attracting Investor Interest Before Earnings

People’s United Financial, Inc. (NASDAQ:PBCT) will unveil its latest earnings on Thursday, January 19, 2012. The average estimate of analysts is for profit of 19 cents per share, a rise of 90% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 18 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 19 cents during the last month. Analysts are projecting profit to rise by 86.1% versus last year to 67 cents.

The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported net income of 19 cents per share versus a mean estimate of 17 cents. Two quarters ago, it reported profit of 15 cents per share. On average, analysts predict $315.8 million in revenue this quarter, a rise of 18.8% from the year ago quarter. Analysts are forecasting total revenue of $1.22 billion for the year, a rise of 22.2% from last year’s revenue of $998.2 million.

Competitors to Watch: Northeast Bancorp/ME (NASDAQ:NBN), Naugatuck Valley Financial Corp. (NASDAQ:NVSL), Berkshire Hills Bancorp, Inc. (NASDAQ:BHLB), Rockville Financial New Inc (RCKBD), New Hampshire Thrift Bancshares, Inc. (NASDAQ:NHTB), Brookline Bancorp, Inc. (NASDAQ:BRKL), NewAlliance Bancshares, Inc. (NYSE:NAL), SI Financial Group, Inc. (NASDAQ:SIFID), Oneida Financial Corp. (NASDAQ:ONFC), and Westfield Financial, Inc. (NASDAQ:WFD).

Western Alliance Bancorporation (NYSE:WAL) will unveil its latest earnings on Thursday, January 19, 2012. The average estimate of analysts is for profit of 9 cents per share, a swing from a loss of 15 cents in the year earlier quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting net income of 22 cents per share versus net loss of 22 cents last year.

Last quarter, the company saw profit of 6 cents per share versus a mean estimate of net income of 6 cents per share. This comes after two consecutive quarters of exceeding expectations. On average, analysts predict $71.8 million in revenue this quarter, a rise of 19.2% from the year ago quarter. Analysts are forecasting total revenue of $281.8 million for the year, a rise of 0.9% from last year’s revenue of $279.4 million.

Competitors to Watch: Guaranty Bancorp (NASDAQ:GBNK), Zions Bancorporation (NASDAQ:ZION), People’s United Financial, Inc. (NASDAQ:PBCT), Wells Fargo & Company (NYSE:WFC), First State Bancorp., NM (FSNM), CoBiz Financial Inc (NASDAQ:COBZ), Heritage Oaks Bancorp (NASDAQ:HEOP), and Wilshire Bancorp, Inc. (NASDAQ:WIBC).