People’s United Financial Inc. (NASDAQ:PBCT) Director Collin P. Baron sold 194,415 shares of People’s United Financial stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $18.37, for a total value of $3,571,403.55. Following the completion of the sale, the director now owns 332,843 shares in the company, valued at approximately $6,114,325.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

People’s United Financial Inc. (NASDAQ:PBCT) opened at 18.26 on Friday. The company’s 50-day moving average price is $16.41 and its 200 day moving average price is $15.69. The firm has a market capitalization of $5.55 billion, a PE ratio of 20.07 and a beta of 0.74. People’s United Financial Inc. has a 1-year low of $13.62 and a 1-year high of $18.87.

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

Insider Buying and Selling by Quarter for People`s United Financial (NASDAQ:PBCT)

The firm also recently disclosed 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. This represents a $0.68 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Friday, October 28th. People’s United Financial’s dividend payout ratio (DPR) is 74.73%.

Several large investors have recently bought and sold shares of the company. 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 valued at $121,000 after buying an additional 100 shares during the period. 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 valued at $42,911,000 after buying an additional 20,841 shares during the period. 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 valued at $31,322,000 after buying an additional 310,100 shares during the period. 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 valued at $1,771,000 after buying an additional 3,900 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in People’s United Financial during the first quarter valued at about $2,603,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

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