People’s United Financial Inc. (NASDAQ:PBCT) insider Sara M. Longobardi sold 12,437 shares of the stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $17.88, for a total transaction of $222,373.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of People’s United Financial Inc. (NASDAQ:PBCT) opened at 18.55 on Wednesday. The stock has a market cap of $5.64 billion, a PE ratio of 20.38 and a beta of 0.74. The firm has a 50-day moving average of $16.28 and a 200-day moving average of $15.66. People’s United Financial Inc. has a one year low of $13.62 and a one year high of $18.87.

People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the firm posted $0.23 earnings per share. On average, equities research analysts expect that People’s United Financial Inc. will post $0.91 earnings per share for the current fiscal year.

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 paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.67%. People’s United Financial’s dividend payout ratio is presently 74.73%.

Several institutional investors have recently added to or reduced their stakes in the company. 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 worth $100,000 after buying an additional 3,790 shares in the last quarter. FineMark National Bank & Trust raised its stake 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 worth $116,000 after buying an additional 5,100 shares during the last quarter. Canada Pension Plan Investment Board raised its stake 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 worth $121,000 after buying an additional 100 shares during the last quarter. Nordea Investment Management AB raised its stake 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 worth $122,000 after buying an additional 672 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake 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 worth $143,000 after buying an additional 7,374 shares during the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

PBCT has been the subject of a number of research reports. Zacks Investment Research raised shares of People’s United Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Deutsche Bank AG increased their price target 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 analysts have rated the stock with a sell rating and five have given a hold rating to the stock. People’s United Financial has a consensus rating of “Hold” and a consensus price target of $15.07.

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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