Favorable Media Coverage Somewhat Unlikely to Impact People’s United Financial (PBCT) Stock Price
News coverage about People’s United Financial (NASDAQ:PBCT) has been trending positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. People’s United Financial earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.0959017517258 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Swaying Stocks: Banco Bradesco S.A. (NYSE:BBD), People’s United … – The Stock Street (press release) (thestreetpoint.com)
- People’s United Financial, Inc. – Value Analysis (NASDAQ:PBCT) : November 13, 2017 (finance.yahoo.com)
- People’s United Financial, Inc. breached its 50 day moving average in a Bearish Manner : PBCT-US : November 10, 2017 – Investing.com (investing.com)
- People’s United Financial, Inc. breached its 50 day moving average in a Bearish Manner : PBCT-US : November 10, 2017 (finance.yahoo.com)
- PBCT Crosses Below Key Moving Average Level (nasdaq.com)
PBCT has been the topic of several recent analyst reports. Zacks Investment Research cut People’s United Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Piper Jaffray Companies restated a “sell” rating and set a $16.00 price objective on shares of People’s United Financial in a research note on Wednesday, October 4th. BidaskClub cut People’s United Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, Jefferies Group LLC restated a “hold” rating and set a $19.00 price objective on shares of People’s United Financial in a research note on Friday, August 18th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $19.08.
Shares of People’s United Financial (PBCT) traded up $0.50 on Tuesday, reaching $18.21. The company had a trading volume of 3,747,400 shares, compared to its average volume of 2,941,543. People’s United Financial has a 52 week low of $15.97 and a 52 week high of $20.13. The stock has a market cap of $6,132.12, a price-to-earnings ratio of 18.45, a P/E/G ratio of 9.00 and a beta of 0.85. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.72.
People’s United Financial (NASDAQ:PBCT) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. People’s United Financial had a return on equity of 6.28% and a net margin of 19.32%. The company had revenue of $373.90 million during the quarter, compared to analyst estimates of $374.59 million. During the same quarter last year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. sell-side analysts predict that People’s United Financial will post 0.98 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Tuesday, October 31st. People’s United Financial’s payout ratio is presently 75.83%.
In other People’s United Financial news, Director Mark W. Richards sold 26,732 shares of People’s United Financial stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $18.89, for a total transaction of $504,967.48. Following the completion of the transaction, the director now owns 332,668 shares of the company’s stock, valued at approximately $6,284,098.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sara M. Longobardi sold 43,450 shares of People’s United Financial stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $18.68, for a total value of $811,646.00. The disclosure for this sale can be found here. Insiders have sold a total of 381,491 shares of company stock valued at $7,173,247 in the last ninety days. Insiders own 2.70% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This report was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/11/14/favorable-media-coverage-somewhat-unlikely-to-impact-peoples-united-financial-pbct-stock-price.html.
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.
Receive News & Stock Ratings for People's United Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People's United Financial Inc. and related stocks with our FREE daily email newsletter.