People’s United Financial, Inc. (NASDAQ:PBCT) saw some unusual options trading activity on Thursday. Investors purchased 1,236 call options on the company. This represents an increase of 956% compared to the typical daily volume of 117 call options.

In other People’s United Financial news, EVP Galan G. Daukas sold 13,534 shares of People’s United Financial stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $17.11, for a total value of $231,566.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP David K. Norton sold 32,163 shares of People’s United Financial stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $14.89, for a total transaction of $478,907.07. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,382 shares of company stock worth $3,411,597. 2.50% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in People’s United Financial during the 4th quarter valued at about $28,000. First Hawaiian Bank grew its holdings in People’s United Financial by 462.5% during the 4th quarter. First Hawaiian Bank now owns 2,025 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,665 shares during the last quarter. Ipswich Investment Management Co. Inc. bought a new position in People’s United Financial during the 4th quarter valued at about $41,000. CSat Investment Advisory L.P. grew its holdings in People’s United Financial by 64.0% during the 4th quarter. CSat Investment Advisory L.P. now owns 2,835 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,106 shares during the last quarter. Finally, JOYN Advisors Inc. grew its holdings in People’s United Financial by 1,858.3% during the 4th quarter. JOYN Advisors Inc. now owns 3,055 shares of the bank’s stock valued at $44,000 after purchasing an additional 2,899 shares during the last quarter. Hedge funds and other institutional investors own 76.96% of the company’s stock.

A number of brokerages have issued reports on PBCT. BidaskClub upgraded shares of People’s United Financial from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Barclays reiterated a “hold” rating and issued a $19.00 price target on shares of People’s United Financial in a report on Sunday, January 20th. ValuEngine upgraded shares of People’s United Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Wells Fargo & Co restated a “hold” rating on shares of People’s United Financial in a report on Thursday, January 3rd. Finally, FIG Partners initiated coverage on shares of People’s United Financial in a report on Thursday, December 20th. They issued an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. People’s United Financial has an average rating of “Hold” and a consensus price target of $19.92.

People’s United Financial stock opened at $17.47 on Friday. People’s United Financial 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. The stock has a market capitalization of $6.55 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 6.20 and a beta of 1.18.

People’s United Financial (NASDAQ:PBCT) last posted its earnings results on Thursday, January 17th. The bank reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. People’s United Financial had a net margin of 24.34% and a return on equity of 8.11%. The firm had revenue of $428.20 million for the quarter, compared to the consensus estimate of $432.25 million. During the same period in the previous year, the firm posted $0.31 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that People’s United Financial will post 1.4 earnings per share for the current fiscal year.

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

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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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