People’s United Financial Inc. (NASDAQ:PBCT) Director Kevin T. Bottomley sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $18.04, for a total transaction of $126,280.00. Following the completion of the transaction, the director now owns 133,906 shares in the company, valued at approximately $2,415,664.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

People’s United Financial (NASDAQ:PBCT) last posted its earnings results on Thursday, October 20th. The company reported $0.25 EPS for the quarter, beating 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 prior year, the business posted $0.23 EPS. On average, 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. Stockholders of record on Tuesday, November 1st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Friday, October 28th. People’s United Financial’s dividend payout ratio is currently 74.73%.

Several hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board boosted its stake 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 worth $121,000 after buying an additional 100 shares in the last quarter. Geode Capital Management LLC boosted its stake in People’s United Financial by 0.8% in the first quarter. Geode Capital Management LLC now owns 2,698,824 shares of the company’s stock worth $42,911,000 after buying an additional 20,841 shares in the last quarter. Renaissance Technologies LLC boosted its stake in People’s United Financial by 18.7% in the first quarter. Renaissance Technologies LLC now owns 1,966,200 shares of the company’s stock worth $31,322,000 after buying an additional 310,100 shares in the last quarter. AMP Capital Investors Ltd boosted its stake in People’s United Financial by 3.7% in the first quarter. AMP Capital Investors Ltd now owns 110,080 shares of the company’s stock worth $1,771,000 after buying an additional 3,900 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in People’s United Financial during the first quarter worth $2,603,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Several brokerages have recently issued reports on PBCT. Piper Jaffray Cos. downgraded shares of People’s United Financial from a “neutral” rating to an “underweight” rating in a research note on Wednesday. Deutsche Bank AG upped 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 research note on Tuesday, October 11th. Finally, Zacks Investment Research upgraded shares of People’s United Financial from a “sell” rating to a “hold” rating in a research note on Thursday, October 13th. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $15.07.

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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