People's United Financial (PBCT) Downgraded by BidaskClub

Lloyd Doyle
January 13, 2018

During the same period past year, the business posted $0.24 earnings per share. Corp owned approximately 0.34% of People's United Financial as of its most recent SEC filing. State Street Corp boosted its stake in shares of People's United Financial by 6.2% in the 2nd quarter. Advantus Capital Management Inc increased its position in shares of People's United Financial by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 9,325,647 shares of the bank's stock valued at $169,163,000 after purchasing an additional 110,404 shares in the last quarter. Capital Advisors Inc. OK now owns 694,082 shares of the bank's stock worth $12,257,000 after purchasing an additional 28,878 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of People's United Financial by 4.4% in the second quarter. Finally, Franklin Resources Inc. bought a new position in shares of People's United Financial in the 2nd quarter worth about $193,000. Public Employees Retirement Association of Colorado now owns 10,771 shares of the bank's stock worth $190,000 after purchasing an additional 968 shares during the last quarter. Following the completion of the transaction, the chief executive officer now owns 383,140 shares of the company's stock, valued at $7,233,683.20. The most recent short interest data show 6.6% of the company's stock are short sold. The stock was sold at an average price of $19.22, for a total value of $2,079,488.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Shares for $811,646 were sold by Longobardi Sara M. Another trade for 299,309 shares valued at $5.65M was made by BARNES JOHN P on Tuesday, October 24. There are brokerage firms with lower targets than the average, including one setting a price target of $18. The disclosure for this sale can be found here. In the last three months, insiders sold 724,338 shares of company stock valued at $13,796,084. Community Financial Services Group Llc acquired 2,335 shares as Johnson & Johnson (JNJ)'s stock rose 6.85%. (NASDAQ:PBCT) traded up 0.05% during midday trading on Friday, hitting $18.74.

Daily Journal Corp holds 56.91% of its portfolio in Wells Fargo & Company for 1.59 million shares. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.72.

People's United Finl (PBCT) now has a 14-day Commodity Channel Index (CCI) of 209.46. The firm has a market capitalization of $6,600.00, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 8.26 and a beta of 0.85. (NASDAQ:PBCT) soared 1.44% year-to-date. The bank reported $0.26 EPS for the quarter, beating the Zacks' consensus estimate of $0.25 by $0.01. The mean target price as estimated by the analysts for the company has been recorded at $19.19. People's United Financial had a return on equity of 5.86% and a net margin of 19.12%. Over the trailing year, the stock is underperforming the S&P 500 by 20.9, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. The count of Hold ratings in that period was 1. The stock was sold at an average price of $18.88, for a total value of $5,650,953.92.


The analysts offering 12 month price targets for People's United Financial, Inc. have a median target of $20, with a high estimate of $21.5 and a low estimate of $17.5. A 1 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NASDAQ:CROX) or, if they already own its stock, sell it. Jefferies has "Hold" rating and $1900 target.

"COPYRIGHT VIOLATION WARNING: "$0.27 EPS Expected for People's United Financial, Inc. (PBCT) - averaging the work of different analysts - reveals a mean PT of $19.89/share. "(PBCT) Stock" was first posted by Registrar Journal and is the sole property of of Registrar Journal. If you are viewing this report on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright law. Moreover, Fiduciary Tru has 0.01% invested in People's United Financial, Inc. Over the past twelve months, People's United Financial, Inc. The principal business of the Company is to provide, through the Bank and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers.

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