People’s United Financial, Inc. (NASDAQ:PBCT) EVP Galan G. Daukas sold 13,534 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $17.11, for a total transaction of $231,566.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of People’s United Financial stock opened at $17.47 on Friday. The company has a market cap of $6.55 billion, a P/E ratio of 13.34, a P/E/G ratio of 6.20 and a beta of 1.18. People’s United Financial, Inc. has a twelve month low of $13.66 and a twelve month high of $20.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96.

People’s United Financial (NASDAQ:PBCT) last issued its quarterly earnings data on Thursday, January 17th. The bank reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. The company had revenue of $428.20 million for the quarter, compared to the consensus estimate of $432.25 million. People’s United Financial had a net margin of 24.34% and a return on equity of 8.11%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, research analysts anticipate that People’s United Financial, Inc. will post 1.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 1st were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $0.70 dividend on an annualized basis and a yield of 4.01%. People’s United Financial’s dividend payout ratio (DPR) is 53.44%.

Institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new position in People’s United Financial during the fourth quarter valued at approximately $28,000. First Hawaiian Bank raised its position in People’s United Financial by 462.5% in the fourth quarter. First Hawaiian Bank now owns 2,025 shares of the bank’s stock worth $29,000 after acquiring an additional 1,665 shares during the period. Ipswich Investment Management Co. Inc. bought a new position in People’s United Financial in the fourth quarter worth approximately $41,000. CSat Investment Advisory L.P. raised its position in People’s United Financial by 64.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 2,835 shares of the bank’s stock worth $41,000 after acquiring an additional 1,106 shares during the period. Finally, JOYN Advisors Inc. raised its position in People’s United Financial by 1,858.3% in the fourth quarter. JOYN Advisors Inc. now owns 3,055 shares of the bank’s stock worth $44,000 after acquiring an additional 2,899 shares during the period. Institutional investors own 76.96% of the company’s stock.

Several research analysts have recently issued reports on PBCT shares. BidaskClub upgraded shares of People’s United Financial from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Wells Fargo & Co reiterated a “hold” rating on shares of People’s United Financial in a research note on Thursday, January 3rd. FIG Partners started coverage on shares of People’s United Financial in a research note on Thursday, December 20th. They issued an “outperform” rating on the stock. ValuEngine upgraded shares of People’s United Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Finally, Barclays reiterated a “hold” rating and issued a $19.00 target price on shares of People’s United Financial in a research note on Sunday, January 20th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.92.

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About People’s United Financial

People's United Financial, Inc operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking.

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Insider Buying and Selling by Quarter for People`s United Financial (NASDAQ:PBCT)

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