People’s United Financial Inc. (NASDAQ:PBCT) Director Jerry Franklin sold 194,415 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $18.75, for a total transaction of $3,645,281.25. Following the sale, the director now owns 290,734 shares of the company’s stock, valued at approximately $5,451,262.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

People’s United Financial Inc. (NASDAQ:PBCT) opened at 18.11 on Thursday. People’s United Financial Inc. has a 52 week low of $13.62 and a 52 week high of $18.87. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 19.90 and a beta of 0.74. The company has a 50-day moving average of $16.29 and a 200-day moving average of $15.68.

People’s United Financial (NASDAQ:PBCT) last issued its earnings results on Thursday, October 20th. The company reported $0.25 earnings per share 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 period last year, the company earned $0.23 EPS. On average, equities analysts forecast 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 business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.68 dividend on an annualized basis and a yield of 3.75%. People’s United Financial’s dividend payout ratio is currently 74.73%.

A number of hedge funds have recently modified their holdings of PBCT. Public Employees Retirement Association of Colorado raised its stake in shares of People’s United Financial by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 9,965 shares of the company’s stock worth $158,000 after buying an additional 41 shares in the last quarter. Wade G W & Inc. raised its stake in shares of People’s United Financial by 0.5% in the third quarter. Wade G W & Inc. now owns 13,748 shares of the company’s stock worth $217,000 after buying an additional 66 shares in the last quarter. Altfest L J & Co. Inc. raised its stake in shares of People’s United Financial by 0.5% in the third quarter. Altfest L J & Co. Inc. now owns 13,242 shares of the company’s stock worth $209,000 after buying an additional 67 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of People’s United Financial by 0.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 22,500 shares of the company’s stock worth $329,000 after buying an additional 84 shares in the last quarter. Finally, 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 in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

PBCT has been the subject of several recent research reports. Zacks Investment Research upgraded shares of People’s United Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Deutsche Bank AG upped their target price on shares of People’s United Financial from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, October 11th. Finally, Piper Jaffray Cos. cut shares of People’s United Financial from a “neutral” rating to an “underweight” rating in a research report on Wednesday. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price 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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