Insider Selling: People's United Financial, Inc. (PBCT) Insider Sells 173,685 Shares of Stock

People's United Financial, Inc. (NASDAQ:PBCT) insider Jeffrey J. Tengel sold 173,685 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $19.32, for a total transaction of $3,355,594.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

People's United Financial, Inc. (NASDAQ:PBCT) traded up $0.34 during trading hours on Tuesday, hitting $19.25. 4,720,000 shares of the stock traded hands, compared to its average volume of 2,914,984. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $6,630.00, a P/E ratio of 19.70, a PEG ratio of 9.61 and a beta of 0.85. People's United Financial, Inc. has a one year low of $15.97 and a one year high of $20.13.

People's United Financial (NASDAQ:PBCT) last posted its earnings results on Thursday, October 19th. The bank reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $373.90 million during the quarter, compared to the consensus estimate of $374.59 million. People's United Financial had a net margin of 19.32% and a return on equity of 6.28%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. equities research analysts predict that People's United Financial, Inc. will post 0.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Tuesday, October 31st. People's United Financial’s payout ratio is 75.82%.

PBCT has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of People's United Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies restated a “sell” rating and issued a $16.00 target price on shares of People's United Financial in a report on Wednesday, October 4th. Finally, Jefferies Group restated a “hold” rating and issued a $19.00 target price on shares of People's United Financial in a report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $19.19.

Hedge funds have recently modified their holdings of the business. Glassman Wealth Services grew its position in shares of People's United Financial by 4,150.7% during the 2nd quarter. Glassman Wealth Services now owns 5,696 shares of the bank’s stock valued at $101,000 after acquiring an additional 5,562 shares during the period. Ffcm LLC grew its position in shares of People's United Financial by 208.3% during the 2nd quarter. Ffcm LLC now owns 6,345 shares of the bank’s stock valued at $114,000 after acquiring an additional 4,287 shares during the period. Advisory Services Network LLC grew its position in shares of People's United Financial by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 7,757 shares of the bank’s stock valued at $137,000 after acquiring an additional 226 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of People's United Financial by 1,408.7% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 7,996 shares of the bank’s stock valued at $145,000 after acquiring an additional 7,466 shares during the period. Finally, Federated Investors Inc. PA grew its position in shares of People's United Financial by 0.8% during the 2nd quarter. Federated Investors Inc. PA now owns 9,678 shares of the bank’s stock valued at $171,000 after acquiring an additional 80 shares during the period. 75.67% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for People's United Financial (NASDAQ:PBCT)

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