People’s United Financial Inc. (NASDAQ:PBCT) Director George P. Carter sold 236,679 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were 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 directly owns 469,577 shares in the company, valued at $8,701,261.81. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of People’s United Financial Inc. (NASDAQ:PBCT) opened at 18.26 on Friday. The firm has a market cap of $5.55 billion, a P/E ratio of 20.07 and a beta of 0.74. The stock’s 50 day moving average is $16.41 and its 200-day moving average is $15.69. People’s United Financial Inc. has a one year low of $13.62 and a one year high of $18.87.

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, topping the consensus estimate 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 last year, the company earned $0.23 EPS. Analysts anticipate that People’s United Financial Inc. will post $0.91 EPS 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 dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.68 annualized dividend and a yield of 3.73%. People’s United Financial’s payout ratio is currently 74.73%.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Independent Portfolio Consultants Inc. raised its position in shares of 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 valued at $100,000 after buying an additional 3,790 shares during the last quarter. FineMark National Bank & Trust raised its position in shares of 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 valued at $116,000 after buying an additional 5,100 shares during the last quarter. Canada Pension Plan Investment Board raised 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 valued at $121,000 after buying an additional 100 shares during the last quarter. Nordea Investment Management AB raised 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 valued at $122,000 after buying an additional 672 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake 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 valued at $143,000 after buying an additional 7,374 shares during the period. Institutional investors own 79.26% of the company’s stock.

A number of research analysts recently weighed in on the stock. Deutsche Bank AG raised their price target on shares of 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. Piper Jaffray Cos. lowered shares of People’s United Financial from a “neutral” rating to an “underweight” rating in a research note on Wednesday. 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 research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company 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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