People’s United Financial Inc. (NASDAQ:PBCT) Director John K. Dwight sold 50,000 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $18.21, for a total transaction of $910,500.00. Following the sale, the director now owns 277,134 shares in the company, valued at $5,046,610.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

People’s United Financial Inc. (NASDAQ:PBCT) opened at 18.41 on Tuesday. The company has a 50 day moving average of $16.56 and a 200-day moving average of $15.75. The stock has a market capitalization of $5.60 billion, a P/E ratio of 20.23 and a beta of 0.74. 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, beating analysts’ consensus estimates 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 in the prior year, the business earned $0.23 earnings per share. Equities research 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 business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.68 dividend on an annualized basis and a yield of 3.69%. People’s United Financial’s payout ratio is 74.73%.

A number of research firms have issued reports on PBCT. Piper Jaffray Cos. lowered shares of People’s United Financial from a “neutral” rating to an “underweight” rating and set a $14.50 target price on the stock. in a report on Wednesday, November 16th. Zacks Investment Research upgraded shares of People’s United Financial from a “sell” rating to a “hold” rating in a report on Thursday, October 13th. Finally, 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 report on Tuesday, October 11th. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.14.

Large investors have recently added to or reduced their stakes in the stock. Independent Portfolio Consultants Inc. increased its stake in 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 worth $100,000 after buying an additional 3,790 shares during the last quarter. FineMark National Bank & Trust increased its stake in 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 worth $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 worth $121,000 after buying an additional 100 shares during the period. 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 worth $122,000 after buying an additional 672 shares during the period. 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 worth $143,000 after buying an additional 7,374 shares during the period. Hedge funds and other 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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