Texas Yale Capital Corp. maintained its stake in shares of People’s United Financial, Inc. (NASDAQ:PBCT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,000 shares of the bank’s stock at the end of the second quarter. Texas Yale Capital Corp.’s holdings in People’s United Financial were worth $795,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PBCT. First Manhattan Co. increased its stake in shares of People’s United Financial by 67.3% in the first quarter. First Manhattan Co. now owns 36,097 shares of the bank’s stock valued at $571,000 after buying an additional 14,518 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of People’s United Financial by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,076 shares of the bank’s stock valued at $137,000 after buying an additional 394 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of People’s United Financial by 3.2% in the first quarter. Nationwide Fund Advisors now owns 128,316 shares of the bank’s stock valued at $2,335,000 after buying an additional 3,944 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of People’s United Financial by 10.8% in the first quarter. Retirement Systems of Alabama now owns 163,520 shares of the bank’s stock valued at $2,976,000 after buying an additional 15,928 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of People’s United Financial by 5.2% in the first quarter. State of Alaska Department of Revenue now owns 61,656 shares of the bank’s stock valued at $1,122,000 after buying an additional 3,039 shares during the last quarter. Institutional investors and hedge funds own 75.03% of the company’s stock.

People’s United Financial, Inc. (PBCT) opened at 16.63 on Monday. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 18.60 and a beta of 0.82. The stock has a 50 day moving average price of $17.50 and a 200 day moving average price of $17.84. People’s United Financial, Inc. has a 12 month low of $15.28 and a 12 month high of $20.13.

People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.04. The business had revenue of $366.50 million for the quarter, compared to the consensus estimate of $357.16 million. People’s United Financial had a return on equity of 6.14% and a net margin of 18.88%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. On average, equities analysts expect that People’s United Financial, Inc. will post $0.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $0.69 dividend on an annualized basis and a yield of 4.15%. People’s United Financial’s dividend payout ratio (DPR) is presently 77.53%.

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A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded People’s United Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Keefe, Bruyette & Woods restated a “hold” rating on shares of People’s United Financial in a research note on Monday, July 10th. Morgan Stanley restated an “equal weight” rating and set a $17.75 price objective (up previously from $17.50) on shares of People’s United Financial in a research note on Friday, July 7th. BidaskClub upgraded People’s United Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Finally, Piper Jaffray Companies set a $16.00 price objective on People’s United Financial and gave the company a “sell” rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.48.

In related news, insider Jeffrey Hoyt sold 6,759 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $17.98, for a total transaction of $121,526.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert E. Trautmann sold 118,836 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $17.08, for a total value of $2,029,718.88. Following the sale, the vice president now owns 70,323 shares in the company, valued at $1,201,116.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,115 shares of company stock worth $2,226,820. 2.70% of the stock is owned by corporate insiders.

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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