People's United Financial, Inc. (PBCT) Receives $17.25 Consensus PT from Analysts

Shares of People's United Financial, Inc. (NASDAQ:PBCT) have been given an average recommendation of “Hold” by the ten brokerages that are presently covering the company. Two investment analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $18.07.

A number of research analysts have issued reports on PBCT shares. Zacks Investment Research upgraded People's United Financial from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Monday, March 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.00 target price on shares of People's United Financial in a research report on Thursday, April 6th. JPMorgan Chase & Co. began coverage on People's United Financial in a research report on Thursday, January 5th. They issued a “neutral” rating and a $20.50 target price on the stock. Wells Fargo & Co began coverage on People's United Financial in a report on Friday, January 6th. They set a “market perform” rating on the stock. Finally, Sandler O’Neill upgraded People's United Financial from a “sell” rating to a “hold” rating and boosted their price target for the stock from $17.00 to $19.50 in a report on Friday, March 10th.

In other People's United Financial news, Director Mark W. Richards sold 32,732 shares of the business’s stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $19.02, for a total value of $622,562.64. Following the transaction, the director now directly owns 333,364 shares of the company’s stock, valued at $6,340,583.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard M. Hoyt sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of $18.89, for a total value of $1,889,000.00. Following the transaction, the director now directly owns 62,882 shares in the company, valued at $1,187,840.98. The disclosure for this sale can be found here. Insiders sold 292,768 shares of company stock worth $5,590,175 over the last quarter. 2.90% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of PBCT. Independent Portfolio Consultants Inc. raised its position in shares of People's United Financial by 148.0% in the third quarter. Independent Portfolio Consultants Inc. now owns 6,350 shares of the bank’s stock worth $100,000 after buying an additional 3,790 shares during the last quarter. FineMark National Bank & Trust raised its position in shares of People's United Financial by 226.0% in the third quarter. FineMark National Bank & Trust now owns 7,357 shares of the bank’s stock worth $116,000 after buying an additional 5,100 shares during the last quarter. Toronto Dominion Bank raised its position in shares of People's United Financial by 432.0% in the third quarter. Toronto Dominion Bank now owns 9,081 shares of the bank’s stock worth $143,000 after buying an additional 7,374 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of People's United Financial by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 9,965 shares of the bank’s stock worth $158,000 after buying an additional 41 shares during the last quarter. Finally, SRB Corp raised its position in shares of People's United Financial by 6.0% in the third quarter. SRB Corp now owns 9,993 shares of the bank’s stock worth $158,000 after buying an additional 563 shares during the last quarter. 80.80% of the stock is currently owned by institutional investors.

Shares of People's United Financial (NASDAQ:PBCT) traded up 0.34% on Wednesday, reaching $17.63. 2,903,571 shares of the company’s stock traded hands. People's United Financial has a 52 week low of $13.80 and a 52 week high of $20.13. The company’s 50-day moving average is $18.26 and its 200-day moving average is $18.23. The firm has a market capitalization of $5.45 billion, a P/E ratio of 19.20 and a beta of 0.83.

People's United Financial (NASDAQ:PBCT) last released its earnings results on Thursday, April 20th. The bank reported $0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.22. People's United Financial had a return on equity of 5.86% and a net margin of 19.12%. The firm had revenue of $342.80 million for the quarter, compared to analysts’ expectations of $336.29 million. During the same quarter in the previous year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts anticipate that People's United Financial will post $0.96 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be issued a $0.1725 dividend. The ex-dividend date of this dividend is Thursday, April 27th. This is a boost from People's United Financial’s previous quarterly dividend of $0.17. This represents a $0.69 annualized dividend and a yield of 3.93%. People's United Financial’s dividend payout ratio is presently 73.91%.

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People's United Financial Company Profile

People’s United Financial, Inc is a bank holding company and a financial holding company of People’s United Bank (the Bank). The Bank is engaged in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company operates through two segments: Commercial Banking and Retail Banking.

5 Day Chart for NASDAQ:PBCT

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