People’s United Financial Inc. (NASDAQ:PBCT) insider Jeffrey Hoyt sold 14,176 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $18.28, for a total transaction of $259,137.28. Following the transaction, the insider now owns 24,588 shares of the company’s stock, valued at approximately $449,468.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of People’s United Financial Inc. (NASDAQ:PBCT) opened at 18.41 on Tuesday. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 20.23 and a beta of 0.74. The stock has a 50 day moving average of $16.56 and a 200-day moving average of $15.75. 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 EPS for the quarter, beating the Thomson Reuters’ 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 period last year, the business earned $0.23 earnings per share. Equities 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend was Friday, October 28th. People’s United Financial’s payout ratio is 74.73%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado increased its position in shares of People’s United Financial by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 9,965 shares of the company’s stock worth $158,000 after buying an additional 41 shares in the last quarter. Wade G W & Inc. increased its position in shares of People’s United Financial by 0.5% in the third quarter. Wade G W & Inc. now owns 13,748 shares of the company’s stock worth $217,000 after buying an additional 66 shares in the last quarter. Altfest L J & Co. Inc. increased its position in shares of People’s United Financial by 0.5% in the third quarter. Altfest L J & Co. Inc. now owns 13,242 shares of the company’s stock worth $209,000 after buying an additional 67 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of People’s United Financial by 0.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 22,500 shares of the company’s stock worth $329,000 after buying an additional 84 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased 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 worth $121,000 after buying an additional 100 shares in the last quarter. 79.76% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on PBCT shares. Zacks Investment Research upgraded shares of People’s United Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Piper Jaffray Cos. lowered shares of People’s United Financial from a “neutral” rating to an “underweight” rating and set a $14.50 price target on the stock. in a research note on Wednesday, November 16th. Finally, Deutsche Bank AG upped 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. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.14.

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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