People’s United Financial Inc. (NASDAQ:PBCT) VP David K. Norton sold 153,792 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $18.55, for a total transaction of $2,852,841.60. Following the transaction, the vice president now owns 227,897 shares of the company’s stock, valued at approximately $4,227,489.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

David K. Norton also recently made the following trade(s):

  • On Wednesday, August 31st, David K. Norton sold 15,495 shares of People’s United Financial stock. The stock was sold at an average price of $16.05, for a total transaction of $248,694.75.

Shares of People’s United Financial Inc. (NASDAQ:PBCT) opened at 18.26 on Friday. The company has a 50-day moving average of $16.41 and a 200-day moving average of $15.69. People’s United Financial Inc. has a 52 week low of $13.62 and a 52 week high of $18.87. The stock has a market capitalization of $5.55 billion, a P/E ratio of 20.07 and a beta of 0.74.

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 Zacks’ 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 period last year, the business posted $0.23 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Friday, October 28th. People’s United Financial’s dividend payout ratio (DPR) is 74.73%.

A number of institutional investors have recently modified their holdings of the company. Standard Life Investments LTD raised its position in shares of 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 worth $33,391,000 after buying an additional 23,618 shares during the period. Candriam Luxembourg S.C.A. acquired a new stake in People’s United Financial during the second quarter valued at approximately $558,000. Renaissance Technologies LLC raised 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 last quarter. GW&K Investment Management LLC raised 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 last quarter. Finally, Wall Street Access Asset Management LLC raised its stake in People’s United Financial by 7.5% in the second quarter. Wall Street Access Asset Management LLC now owns 57,281 shares of the company’s stock valued at $839,000 after buying an additional 4,000 shares during the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on PBCT shares. 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 increased 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 report on Tuesday, October 11th. Finally, Piper Jaffray Cos. lowered shares of People’s United Financial from a “neutral” rating to an “underweight” rating in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average 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

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