People’s United Financial Inc. (NASDAQ:PBCT) has earned an average rating of “Hold” from the eight analysts that are covering the firm. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $15.17.

Several research firms recently issued reports on PBCT. Piper Jaffray Cos. downgraded People’s United Financial from a “neutral” rating to an “underweight” rating in a research note on Wednesday. Zacks Investment Research upgraded People’s United Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Finally, Deutsche Bank AG boosted their price target on People’s United Financial from $14.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, October 11th.

In other news, Director George P. Carter sold 236,679 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $18.53, for a total transaction of $4,385,661.87. Following the completion of the transaction, the director now owns 469,577 shares of the company’s stock, valued at approximately $8,701,261.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Collin P. Baron sold 194,415 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $18.37, for a total value of $3,571,403.55. Following the transaction, the director now directly owns 332,843 shares of the company’s stock, valued at approximately $6,114,325.91. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of 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 during the period. 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 worth $116,000 after buying an additional 5,100 shares during the period. Canada Pension Plan Investment Board boosted 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 worth $121,000 after buying an additional 100 shares during the last quarter. Nordea Investment Management AB boosted 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 worth $122,000 after buying an additional 672 shares during the last quarter. Finally, Toronto Dominion Bank boosted 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 worth $143,000 after buying an additional 7,374 shares during the last quarter. 79.26% of the stock is owned by institutional investors.

Shares of People’s United Financial (NASDAQ:PBCT) opened at 18.11 on Monday. People’s United Financial has a one year low of $13.62 and a one year high of $18.87. The company has a market cap of $5.51 billion, a PE ratio of 19.90 and a beta of 0.74. The stock’s 50 day moving average price is $16.29 and its 200 day moving average price is $15.68.

People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 period in the prior year, the firm posted $0.23 earnings per share. Equities analysts predict that People’s United Financial will post $0.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were issued 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 3.75%. People’s United Financial’s dividend payout ratio (DPR) is currently 74.73%.

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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