People's United Financial, Inc. (PBCT) Receives Consensus Recommendation of “Hold” from Analysts

People's United Financial, Inc. (NASDAQ:PBCT) has earned a consensus rating of “Hold” from the ten analysts that are covering the company. Two research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $17.92.

PBCT has been the topic of a number of analyst reports. Zacks Investment Research upgraded People's United Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Monday, March 27th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of People's United Financial in a research note on Tuesday, May 9th. Sandler O’Neill raised People's United Financial from a “sell” rating to a “hold” rating and raised their target price for the stock from $17.00 to $19.50 in a research note on Friday, March 10th. Finally, Barclays PLC raised their target price on People's United Financial from $17.00 to $18.00 and gave the stock an “underweight” rating in a research note on Friday, January 20th.

Shares of People's United Financial (NASDAQ:PBCT) opened at 16.77 on Monday. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 18.09 and a beta of 0.83. People's United Financial has a 1-year low of $13.80 and a 1-year high of $20.13. The stock has a 50 day moving average of $17.54 and a 200 day moving average of $18.46.

People's United Financial (NASDAQ:PBCT) last announced its quarterly earnings data on Thursday, April 20th. The bank reported $0.22 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.22. People's United Financial had a return on equity of 5.86% and a net margin of 19.12%. The firm had revenue of $342.80 million for the quarter, compared to the consensus estimate of $336.29 million. During the same quarter last year, the business posted $0.21 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that People's United Financial will post $0.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were paid a dividend of $0.1725 per share. This is a boost from People's United Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, April 27th. This represents a $0.69 annualized dividend and a yield of 4.12%. People's United Financial’s dividend payout ratio (DPR) is 73.91%.

In other news, VP David K. Norton sold 149,965 shares of People's United Financial stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $19.24, for a total value of $2,885,326.60. Following the completion of the sale, the vice president now directly owns 276,891 shares of the company’s stock, valued at $5,327,382.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Galan G. Daukas sold 9,143 shares of People's United Financial stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $19.21, for a total value of $175,637.03. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

Large investors have recently modified their holdings of the stock. FineMark National Bank & Trust boosted its stake in shares of People's United Financial by 226.0% in the third quarter. FineMark National Bank & Trust now owns 7,357 shares of the bank’s stock worth $116,000 after buying an additional 5,100 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of People's United Financial by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,076 shares of the bank’s stock worth $137,000 after buying an additional 394 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of People's United Financial during the first quarter worth $137,000. Public Employees Retirement Association of Colorado boosted its stake in shares of People's United Financial by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 9,965 shares of the bank’s stock worth $158,000 after buying an additional 41 shares during the last quarter. Finally, SRB Corp boosted its stake in shares of People's United Financial by 6.0% in the third quarter. SRB Corp now owns 9,993 shares of the bank’s stock worth $158,000 after buying an additional 563 shares during the last quarter. 80.80% of the stock is owned by institutional investors and hedge funds.

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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.

12 Month Chart for NASDAQ:PBCT

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