Media headlines about People's United Financial (NASDAQ:PBCT) have trended somewhat positive on Sunday, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty 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 news impact score of 0.21 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.0178982940445 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
Shares of People's United Financial (PBCT) opened at $19.48 on Friday. The company has a market capitalization of $6,744.99, a P/E ratio of 20.29, a P/E/G ratio of 7.92 and a beta of 0.85. People's United Financial has a 12-month low of $15.97 and a 12-month high of $19.85. 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 released its quarterly earnings results on Thursday, October 19th. The bank reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. The business had revenue of $373.90 million for the quarter, compared to analyst estimates of $374.59 million. People's United Financial had a return on equity of 6.28% and a net margin of 19.32%. People's United Financial’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 EPS. analysts anticipate that People's United Financial will post 1 earnings per share for the current year.
Several research firms have recently weighed in on PBCT. Zacks Investment Research upgraded People's United Financial from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, December 5th. Piper Jaffray Companies reiterated a “sell” rating and issued a $17.00 price objective on shares of People's United Financial in a research note on Sunday, October 22nd. Finally, Barclays upped their price objective on People's United Financial from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. People's United Financial currently has an average rating of “Hold” and an average price target of $19.04.
In other People's United Financial news, CEO John P. Barnes sold 299,309 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $18.88, for a total value of $5,650,953.92. Following the transaction, the chief executive officer now directly owns 383,140 shares in the company, valued at approximately $7,233,683.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey J. Tengel sold 173,685 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $19.32, for a total value of $3,355,594.20. The disclosure for this sale can be found here. Insiders sold a total of 724,338 shares of company stock worth $13,796,084 over the last quarter. Corporate insiders own 2.70% of the company’s stock.
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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.
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