Media headlines about People’s United Financial (NASDAQ:PBCT) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. People’s United Financial earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 62 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- People’s United Financial, Inc. (NASDAQ:PBCT) Experiences Lighter than Average Trading Volume – First News 24 (firstnewspaper24.com)
- Bank of Montreal Can Boosts Position in People’s United Financial, Inc. (PBCT) (bulhufas.com)
- OppenheimerFunds Inc. Acquires New Position in People’s United Financial, Inc. (PBCT) (lazeresportes.com)
- Head-To-Head Contrast: Ellington Financial (EFC) and People’s United Financial (PBCT) (americanbankingnews.com)
Shares of People’s United Financial (NASDAQ PBCT) traded down 0.80% during midday trading on Wednesday, hitting $17.32. The stock had a trading volume of 2,456,797 shares. People’s United Financial has a 52 week low of $15.27 and a 52 week high of $20.13. The stock has a 50-day moving average of $17.61 and a 200 day moving average of $17.98. The stock has a market cap of $5.85 billion, a PE ratio of 19.33 and a beta of 0.82.
People’s United Financial (NASDAQ:PBCT) last released its earnings results on Thursday, July 20th. The bank reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.04. People’s United Financial had a return on equity of 6.14% and a net margin of 18.88%. The business had revenue of $366.50 million for the quarter, compared to analyst estimates of $357.16 million. During the same period in the prior year, the firm posted $0.23 EPS. People’s United Financial’s revenue was up 10.0% on a year-over-year basis. Analysts anticipate that People’s United Financial will post $0.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, July 28th. People’s United Financial’s dividend payout ratio (DPR) is 77.53%.
A number of equities research analysts have recently commented on the company. BidaskClub raised People’s United Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of People’s United Financial in a research report on Tuesday, May 9th. Zacks Investment Research raised People’s United Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Morgan Stanley upgraded People’s United Financial from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $16.50 to $17.50 in a research note on Monday, June 5th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. People’s United Financial has a consensus rating of “Hold” and a consensus price target of $18.25.
In related news, insider Jeffrey Hoyt sold 6,759 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $17.98, for a total value of $121,526.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jerry Franklin sold 4,520 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $16.72, for a total transaction of $75,574.40. Following the completion of the sale, the director now directly owns 97,249 shares in the company, valued at $1,626,003.28. The disclosure for this sale can be found here. Insiders sold a total of 130,115 shares of company stock valued at $2,226,820 in the last three months. 2.70% of the stock is owned by company insiders.
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.
Receive News & Ratings for People's United Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People's United Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.