People’s United Financial Inc. (NASDAQ:PBCT) insider John P. Barnes sold 136,809 shares of People’s United Financial stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $17.48, for a total transaction of $2,391,421.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

People’s United Financial Inc. (NASDAQ:PBCT) opened at 18.58 on Tuesday. People’s United Financial Inc. has a one year low of $13.62 and a one year high of $18.87. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 20.42 and a beta of 0.74. The stock has a 50 day moving average of $16.19 and a 200 day moving average of $15.64.

People’s United Financial (NASDAQ:PBCT) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. People’s United Financial had a net margin of 19.26% and a return on equity of 5.71%. During the same quarter last year, the business posted $0.23 EPS. Equities research analysts predict that People’s United Financial Inc. will post $0.91 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Friday, October 28th. People’s United Financial’s payout ratio is 74.73%.

A number of analysts have commented on PBCT shares. Deutsche Bank AG lifted their target price on shares of People’s United Financial from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, October 11th. Zacks Investment Research raised shares of People’s United Financial from a “sell” rating to a “hold” rating in a report on Thursday, October 13th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.07.

A number of institutional investors have recently modified their holdings of the stock. Independent Portfolio Consultants Inc. increased 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 company’s stock valued at $100,000 after buying an additional 3,790 shares during the last quarter. FineMark National Bank & Trust increased 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 company’s stock valued at $116,000 after buying an additional 5,100 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of People’s United Financial by 1.3% in the first quarter. Canada Pension Plan Investment Board now owns 7,600 shares of the company’s stock valued at $121,000 after buying an additional 100 shares during the last quarter. Nordea Investment Management AB increased its position in shares of People’s United Financial by 8.8% in the second quarter. Nordea Investment Management AB now owns 8,314 shares of the company’s stock valued at $122,000 after buying an additional 672 shares during the last quarter. Finally, Toronto Dominion Bank increased 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 company’s stock valued at $143,000 after buying an additional 7,374 shares during the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

People’s United Financial Company Profile

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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