People's United Financial, Inc. (NASDAQ:PBCT) insider John P. Barnes sold 22,000 shares of People's United Financial stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.10, for a total transaction of $420,200.00. Following the sale, the insider now owns 120,842 shares in the company, valued at approximately $2,308,082.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of People's United Financial, Inc. (PBCT) traded up $0.06 during trading hours on Wednesday, hitting $19.13. 1,923,200 shares of the stock traded hands, compared to its average volume of 3,096,953. People's United Financial, Inc. has a 52 week low of $15.97 and a 52 week high of $20.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $6,620.00, a P/E ratio of 19.72, a PEG ratio of 7.47 and a beta of 0.87.
People's United Financial (NASDAQ:PBCT) last issued its earnings results on Thursday, January 18th. The bank reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. People's United Financial had a net margin of 20.37% and a return on equity of 6.69%. The company had revenue of $379.60 million for the quarter, compared to the consensus estimate of $392.70 million. During the same quarter in the previous year, the company earned $0.25 EPS. equities research analysts predict that People's United Financial, Inc. will post 1.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a $0.1725 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $0.69 annualized dividend and a dividend yield of 3.61%. People's United Financial’s dividend payout ratio is presently 71.13%.
PBCT has been the topic of a number of recent research reports. Piper Jaffray Companies reiterated a “sell” rating and set a $17.00 price target on shares of People's United Financial in a research note on Sunday, October 22nd. Zacks Investment Research upgraded shares of People's United Financial from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, October 24th. Barclays lifted their price target on shares of People's United Financial from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. BidaskClub downgraded shares of People's United Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Finally, Sandler O’Neill set a $21.00 price target on shares of People's United Financial and gave the stock a “hold” rating in a research note on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. People's United Financial currently has a consensus rating of “Hold” and an average target price of $19.25.
Several large investors have recently modified their holdings of PBCT. Bank of Hawaii acquired a new position in People's United Financial during the 3rd quarter worth about $818,000. Advisor Group Inc. raised its holdings in People's United Financial by 5.5% during the 3rd quarter. Advisor Group Inc. now owns 148,241 shares of the bank’s stock worth $2,688,000 after purchasing an additional 7,712 shares during the last quarter. First National Trust Co. raised its holdings in People's United Financial by 19.7% during the 3rd quarter. First National Trust Co. now owns 94,953 shares of the bank’s stock worth $1,722,000 after purchasing an additional 15,598 shares during the last quarter. Iberiabank Corp raised its holdings in People's United Financial by 6.4% during the 3rd quarter. Iberiabank Corp now owns 285,985 shares of the bank’s stock worth $5,188,000 after purchasing an additional 17,125 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in People's United Financial by 78.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 227,661 shares of the bank’s stock worth $4,130,000 after purchasing an additional 100,183 shares during the last quarter. Institutional investors own 75.53% 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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