Shares of People’s United Financial Inc. (NASDAQ:PBCT) have earned an average rating of “Hold” from the nine analysts that are covering the stock. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.10.

Several brokerages recently issued reports on PBCT. Piper Jaffray Cos. raised shares of People’s United Financial from an “underweight” rating to a “neutral” rating and set a $14.00 target price for the company in a report on Wednesday, June 29th. Zacks Investment Research raised shares of People’s United Financial from a “sell” rating to a “hold” rating in a report on Monday, June 20th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 price objective on shares of People’s United Financial in a report on Wednesday, June 29th.

Shares of People’s United Financial (NASDAQ:PBCT) traded up 0.51% on Monday, reaching $15.91. 856,621 shares of the company traded hands. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 17.88 and a beta of 0.85. The company has a 50-day moving average of $15.89 and a 200-day moving average of $15.56. People’s United Financial has a 1-year low of $13.62 and a 1-year high of $16.93.

People’s United Financial (NASDAQ:PBCT) last issued its earnings results on Thursday, July 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. People’s United Financial had a net margin of 19.13% and a return on equity of 5.60%. Analysts anticipate that People’s United Financial will post $0.89 earnings per share for the current fiscal year.

In other news, VP David K. Norton sold 15,495 shares of the business’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $16.05, for a total transaction of $248,694.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert E. Trautmann sold 47,707 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $15.48, for a total transaction of $738,504.36. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors L.L.C. boosted its stake in People’s United Financial by 104.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 100,783 shares of the company’s stock worth $1,605,000 after buying an additional 51,400 shares in the last quarter. Pacad Investment Ltd. raised its position in People’s United Financial by 252.9% in the first quarter. Pacad Investment Ltd. now owns 36,700 shares of the company’s stock worth $585,000 after buying an additional 26,300 shares during the last quarter. Ngam Advisors L.P. raised its position in People’s United Financial by 14.2% in the first quarter. Ngam Advisors L.P. now owns 41,168 shares of the company’s stock worth $656,000 after buying an additional 5,132 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in People’s United Financial by 4.2% in the first quarter. TIAA CREF Investment Management LLC now owns 664,550 shares of the company’s stock worth $10,586,000 after buying an additional 26,521 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in People’s United Financial by 5.2% in the first quarter. Teachers Advisors Inc. now owns 330,376 shares of the company’s stock worth $5,263,000 after buying an additional 16,413 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

About People’s United Financial

People’s United Financial, Inc (People’s United) is the bank holding company for People’s United Bank, National Association (the Bank). The principal business of the Company is to provide, through the Bank and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers.

5 Day Chart for NASDAQ:PBCT

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