The FBR & Co Upgraded People's United Financial Inc. (PBCT) to "Market Perform"

Lloyd Doyle
October 25, 2017

Wells Fargo & Company MN now owns 14,623,420 shares of the company's stock worth $231,343,000 after buying an additional 4,320,486 shares during the period. The original version of this story can be viewed at https://stocknewstimes.com/2017/10/24/cornerstone-capital-management-holdings-llc-decreases-holdings-in-peoples-united-financial-inc-pbct.html. Capital Advisors Inc. OK now owns 694,082 shares of the bank's stock valued at $12,257,000 after purchasing an additional 28,878 shares in the last quarter. During the same quarter a year ago, the business posted $0.24 EPS. Crawford Investment Counsel Inc. now owns 2,511,462 shares of the company's stock worth $39,731,000 after buying an additional 1,630,163 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in People's United Financial by 9.9% during the 2nd quarter.

Shares of People's United Financial (NASDAQ:PBCT) opened at 19.36 on Tuesday. The shares were sold at an average price of $16.12, for a total transaction of $161,200.00. (NASDAQ:PBCT) Director Mark W. Richards sold 26,732 shares of the stock in a transaction on Tuesday, October 24th. (PBCT) - averaging the work of different analysts - reveals a mean PT of $18.47/share. Following the completion of the transaction, the director now owns 145,707 shares in the company, valued at $2,497,417.98. The disclosure for this sale can be found here. Benjamin F. Edwards & Company Inc. raised its stake in shares of People's United Financial by 1,408.7% in the 3rd quarter. (NASDAQ:PBCT) has risen 9.82% since October 25, 2016 and is uptrending. The company has a market cap of $5.89 billion, a P/E ratio of 21.27 and a beta of 0.79.

People's United Financial, Inc. has a 1-year low of $15.82 and a 1-year high of $20.13. The company's 50 day moving average is $18.66 and its 200-day moving average is $16.33. Zacks Investment Research raised People's United Financial from a "hold" rating to a "buy" rating and set a $19.00 target price on the stock in a report on Tuesday, September 5th. In the latest earnings report the EPS was $0.89 and is estimated to be $0.93 for the current year with 337,510,000 shares now outstanding. The firm had revenue of $373.90 million for the quarter, compared to the consensus estimate of $374.59 million. $2.03 million worth of People's United Financial, Inc. Finisar Corporation (NASDAQ:FNSR) earnings have risen with a quarterly rate of 8.8% over the last 5 years. During the same period in the previous year, the business earned $0.24 earnings per share. Releases Results of 2017 Dodd-Frank Act ..." published on October 23, 2017 as well as Nasdaq.com's news article titled: "People's United Financial Inc.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.1725 per share. Leading up to this report, we have seen a -0.1% fall in the stock price over the last 30 days and a -22.2% decline over the past 3 months. Since established, People's United has been a pioneer in regional banking, hiring what is believed to be the first female staff member employed by any bank in CT circa 1900, the first to offer telephone banking in 1976 and the first CT bank to successfully offer in-store banking seven days a week through our Stop & Shop relationship.


A number of analysts have weighed in on PBCT shares. Jefferies Group LLC reaffirmed a "hold" rating and set a $19.00 target price on shares of People's United Financial in a report on Friday, August 18th. The other 2, though not evenly; between analysts who think you should buy People's United Financial, Inc. versus those who think you should sell it. Bank of Montreal Can raised its holdings in shares of People's United Financial by 20.1% during the 2nd quarter. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. People's United Financial has a consensus rating of "Hold" and an average target price of $18.86.

People's United Financial, Inc is a bank holding company and a financial holding company of People's United Bank (the Bank). "(PBCT)" was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another publication, it was illegally copied and reposted in violation of US and global trademark & copyright laws.

Since 2007 when the People's United name was established, it has more than tripled the size of its loan and deposit portfolios through organic growth and 12 strategic mergers and acquisitions.

People's United Financial, Inc is a bank holding company and a financial holding company of People's United Bank (the Bank). People's United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine. The Company operates through two segments: Commercial Banking and Retail Banking.

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