Cypress Capital Group boosted its stake in shares of People’s United Financial, Inc. (NASDAQ:PBCT) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,763 shares of the bank’s stock after buying an additional 3,800 shares during the period. Cypress Capital Group owned approximately 0.05% of People’s United Financial worth $2,962,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Aviva PLC raised its position in People’s United Financial by 5.0% in the fourth quarter. Aviva PLC now owns 206,071 shares of the bank’s stock valued at $3,992,000 after buying an additional 9,745 shares during the last quarter. Trexquant Investment LP acquired a new stake in People’s United Financial during the fourth quarter valued at $537,000. Keybank National Association OH boosted its stake in People’s United Financial by 4.6% in the fourth quarter. Keybank National Association OH now owns 20,083 shares of the bank’s stock valued at $389,000 after buying an additional 875 shares during the period. FMR LLC boosted its stake in People’s United Financial by 1.3% in the fourth quarter. FMR LLC now owns 153,788 shares of the bank’s stock valued at $2,977,000 after buying an additional 1,932 shares during the period. Finally, Federated Investors Inc. PA acquired a new stake in People’s United Financial during the fourth quarter valued at $184,000. Hedge funds and other institutional investors own 76.82% of the company’s stock.

Shares of People’s United Financial, Inc. (PBCT) opened at 17.79 on Friday. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 19.19 and a beta of 0.82. The firm’s 50-day moving average price is $17.15 and its 200 day moving average price is $18.27. People’s United Financial, Inc. has a 12-month low of $14.22 and a 12-month high of $20.13.

People’s United Financial (NASDAQ:PBCT) last announced its quarterly earnings data on Thursday, April 20th. The bank reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $342.80 million for the quarter, compared to the consensus estimate of $336.29 million. People’s United Financial had a net margin of 19.46% and a return on equity of 5.98%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. On average, analysts predict that People’s United Financial, Inc. will post $0.95 earnings per share for the current year.

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PBCT has been the subject of several research analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $17.75 price objective (up previously from $17.50) on shares of People’s United Financial in a report on Friday, July 7th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.00 target price on shares of People’s United Financial in a research note on Thursday, April 6th. BidaskClub cut People’s United Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Finally, Zacks Investment Research upgraded People’s United Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Monday, March 27th. Three equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.25.

In other People’s United Financial news, VP Robert E. Trautmann sold 118,836 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $17.08, for a total transaction of $2,029,718.88. Following the transaction, the vice president now owns 70,323 shares of the company’s stock, valued at $1,201,116.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jerry Franklin sold 4,520 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $16.72, for a total transaction of $75,574.40. Following the completion of the transaction, the director now directly owns 97,249 shares in the company, valued at approximately $1,626,003.28. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

People’s United Financial Company Profile

People’s United Financial, Inc is a bank holding company and a financial holding company of People’s United Bank (the Bank). The Bank is engaged in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company operates through two segments: Commercial Banking and Retail Banking.

Institutional Ownership by Quarter for People`s United Financial (NASDAQ:PBCT)

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