People’s United Financial Inc. (NASDAQ:PBCT) insider John P. Barnes sold 200,000 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $18.44, for a total transaction of $3,688,000.00. Following the completion of the transaction, the insider now directly owns 316,010 shares of the company’s stock, valued at $5,827,224.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

John P. Barnes also recently made the following trade(s):

  • On Wednesday, November 9th, John P. Barnes sold 136,809 shares of People’s United Financial stock. The stock was sold at an average price of $17.48, for a total transaction of $2,391,421.32.

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

People’s United Financial (NASDAQ:PBCT) last announced its earnings results on Thursday, October 20th. The company reported $0.25 earnings per share 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 prior year, the firm earned $0.23 earnings per share. 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 company also recently announced 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. This represents a $0.68 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Friday, October 28th. People’s United Financial’s dividend payout ratio is presently 74.73%.

A number of institutional investors have recently made changes to their positions in PBCT. Standard Life Investments LTD increased its stake in People’s United Financial by 1.0% in the second quarter. Standard Life Investments LTD now owns 2,278,474 shares of the company’s stock valued at $33,391,000 after buying an additional 23,618 shares during the period. Candriam Luxembourg S.C.A. bought a new stake in People’s United Financial during the second quarter valued at $558,000. Renaissance Technologies LLC increased 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 valued at $31,322,000 after buying an additional 310,100 shares during the period. GW&K Investment Management LLC increased its stake in People’s United Financial by 6.6% in the second quarter. GW&K Investment Management LLC now owns 1,199,483 shares of the company’s stock valued at $17,584,000 after buying an additional 74,038 shares during the period. Finally, M&T Bank Corp increased its stake in People’s United Financial by 5.8% in the second quarter. M&T Bank Corp now owns 2,205,583 shares of the company’s stock valued at $32,333,000 after buying an additional 120,909 shares during the period. 79.26% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on the stock. Piper Jaffray Cos. lowered 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 raised shares of People’s United Financial from a “sell” rating to a “hold” rating in a research note on Thursday, October 13th. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average 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

Receive News & Stock Ratings for People's United Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People's United Financial Inc. and related stocks with our FREE daily email newsletter.