Janet M. Hansen Sells 12,000 Shares of People’s United Financial, Inc. (PBCT) Stock

People’s United Financial, Inc. (NASDAQ:PBCT) Director Janet M. Hansen sold 12,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $17.14, for a total transaction of $205,680.00. Following the transaction, the director now directly owns 145,707 shares of the company’s stock, valued at $2,497,417.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of People’s United Financial, Inc. (PBCT) opened at 17.41 on Friday. The stock has a 50 day moving average of $16.90 and a 200 day moving average of $17.47. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 19.47 and a beta of 0.82. People’s United Financial, Inc. has a 12-month low of $15.28 and a 12-month high of $20.13.

People’s United Financial (NASDAQ:PBCT) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.04). The firm had revenue of $366.50 million for the quarter, compared to analyst estimates of $357.16 million. People’s United Financial had a net margin of 18.88% and a return on equity of 6.14%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. Equities research analysts predict that People’s United Financial, Inc. will post $0.93 earnings per share for the current fiscal year.

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Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of People’s United Financial from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 target price on shares of People’s United Financial in a research note on Friday, August 18th. Piper Jaffray Companies set a $16.00 price objective on shares of People’s United Financial and gave the company a “sell” rating in a research report on Thursday, August 17th. BidaskClub lowered shares of People’s United Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of People’s United Financial in a research report on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.38.

Several hedge funds have recently made changes to their positions in the company. W. E. Donoghue & Co. LLC acquired a new position in shares of People’s United Financial during the 2nd quarter valued at about $16,141,000. Intl Fcstone Inc. acquired a new position in shares of People’s United Financial during the 2nd quarter valued at about $185,000. Sentry Investment Management LLC boosted its position in shares of People’s United Financial by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 23,768 shares of the bank’s stock valued at $420,000 after acquiring an additional 256 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of People’s United Financial by 36.5% during the 2nd quarter. Toronto Dominion Bank now owns 116,640 shares of the bank’s stock valued at $2,060,000 after acquiring an additional 31,179 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of People’s United Financial by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 7,757 shares of the bank’s stock valued at $137,000 after acquiring an additional 226 shares during the last quarter. 77.28% of the stock is currently owned by hedge funds and other institutional investors.

About People’s United Financial

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.

Insider Buying and Selling by Quarter for People`s United Financial (NASDAQ:PBCT)

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