People’s United Financial Inc. (NASDAQ:PBCT) had its target price boosted by Deutsche Bank AG from $14.00 to $15.00 in a research report released on Tuesday morning. Deutsche Bank AG currently has a hold rating on the stock.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded People’s United Financial from a sell rating to a hold rating in a research note on Monday, June 20th. Keefe, Bruyette & Woods reiterated a market perform rating and issued a $16.00 price objective on shares of People’s United Financial in a research note on Wednesday, June 29th. Finally, Piper Jaffray Cos. upgraded People’s United Financial from an underweight rating to a neutral rating and set a $14.00 price objective for the company in a research note on Wednesday, June 29th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $15.31.

People’s United Financial (NASDAQ:PBCT) traded up 0.19% during midday trading on Tuesday, hitting $15.81. 413,915 shares of the stock traded hands. People’s United Financial has a 12 month low of $13.62 and a 12 month high of $16.93. The firm has a market cap of $4.80 billion, a PE ratio of 17.76 and a beta of 0.85. The company’s 50 day moving average price is $15.90 and its 200 day moving average price is $15.55.

People’s United Financial (NASDAQ:PBCT) last announced its earnings results on Thursday, July 21st. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. People’s United Financial had a return on equity of 5.60% and a net margin of 19.13%. Equities research analysts predict that People’s United Financial will post $0.89 earnings per share for the current fiscal year.

In related news, VP Robert E. Trautmann sold 47,707 shares of People’s United Financial stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $15.48, for a total value of $738,504.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David K. Norton sold 15,495 shares of People’s United Financial stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $16.05, for a total value of $248,694.75. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. State Street Corp increased its stake in People’s United Financial by 3.4% in the second quarter. State Street Corp now owns 37,136,980 shares of the company’s stock worth $544,426,000 after buying an additional 1,218,159 shares during the period. Vanguard Group Inc. increased its stake in People’s United Financial by 1.5% in the second quarter. Vanguard Group Inc. now owns 28,231,431 shares of the company’s stock worth $413,873,000 after buying an additional 404,086 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in People’s United Financial by 2.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 9,269,001 shares of the company’s stock worth $147,655,000 after buying an additional 190,852 shares during the period. Dimensional Fund Advisors LP increased its stake in People’s United Financial by 21.3% in the second quarter. Dimensional Fund Advisors LP now owns 8,138,714 shares of the company’s stock worth $119,310,000 after buying an additional 1,430,635 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in People’s United Financial by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 6,695,866 shares of the company’s stock worth $98,162,000 after buying an additional 67,229 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

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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