People’s United Financial Inc. (NASDAQ:PBCT) Director Janet M. Hansen sold 194,415 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $18.21, for a total value of $3,540,297.15. Following the completion of the sale, the director now directly owns 346,672 shares of the company’s stock, valued at approximately $6,312,897.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

People’s United Financial Inc. (NASDAQ:PBCT) opened at 18.29 on Monday. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 20.10 and a beta of 0.74. The company’s 50-day moving average price is $16.43 and its 200 day moving average price is $15.69. People’s United Financial Inc. has a 52 week low of $13.62 and a 52 week high of $18.87.

People’s United Financial (NASDAQ:PBCT) last released its earnings results on Thursday, October 20th. The company reported $0.25 earnings per share (EPS) 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 quarter in the previous year, the firm posted $0.23 earnings per share. On average, analysts predict 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Friday, October 28th. People’s United Financial’s payout ratio is 74.73%.

Several equities analysts recently weighed in on the company. Zacks Investment Research raised People’s United Financial from a “sell” rating to a “hold” rating in a research 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 stock a “hold” rating in a research report on Tuesday, October 11th. Finally, Piper Jaffray Cos. cut People’s United Financial from a “neutral” rating to an “underweight” rating and set a $14.50 price objective for the company. in a research report on Wednesday, November 16th. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.14.

Several institutional investors have recently made changes to their positions in PBCT. Independent Portfolio Consultants Inc. boosted 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 boosted 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 boosted 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 boosted 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 boosted its position 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 last quarter. Institutional investors own 79.76% of the company’s stock.

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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