People’s United Financial Inc. (NASDAQ:PBCT) VP Lee C. Powlus sold 26,442 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $17.92, for a total transaction of $473,840.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

People’s United Financial (NASDAQ:PBCT) last announced its earnings results on Thursday, October 20th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. People’s United Financial had a return on equity of 5.71% and a net margin of 19.26%. During the same quarter in the previous year, the firm earned $0.23 EPS.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Friday, October 28th. People’s United Financial’s dividend payout ratio is 74.73%.

A number of equities analysts recently commented on PBCT shares. Zacks Investment Research lowered shares of People’s United Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 21st. Deutsche Bank AG raised their price objective on shares of People’s United Financial from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, October 11th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. People’s United Financial presently has an average rating of “Hold” and a consensus price target of $15.07.

Institutional investors have recently bought and sold shares of the stock. Independent Portfolio Consultants Inc. boosted its position in 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 in the last quarter. FineMark National Bank & Trust boosted its position in 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 in the last quarter. Canada Pension Plan Investment Board boosted its position in 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 in the last quarter. Nordea Investment Management AB boosted its position in 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 in the last quarter. Finally, Toronto Dominion Bank boosted its position in 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 in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

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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