Positive News Coverage Somewhat Unlikely to Affect People’s United Financial (PBCT) Stock Price

News headlines about People’s United Financial (NASDAQ:PBCT) have been trending positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. People’s United Financial earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.2013068812414 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Several analysts have recently issued reports on the company. Jefferies Group LLC restated a “hold” rating and issued a $19.00 price objective on shares of People’s United Financial in a research report on Friday, August 18th. Piper Jaffray Companies restated a “sell” rating and issued a $17.00 price objective on shares of People’s United Financial in a research report on Sunday, October 22nd. Zacks Investment Research upgraded People’s United Financial from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, October 24th. Finally, BidaskClub downgraded People’s United Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.08.

Shares of People’s United Financial (NASDAQ PBCT) traded up $0.06 during trading hours on Friday, reaching $18.17. The company’s stock had a trading volume of 1,571,032 shares, compared to its average volume of 2,577,528. The firm has a market capitalization of $6,291.39, a price-to-earnings ratio of 18.93, a PEG ratio of 9.23 and a beta of 0.85. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.98 and a quick ratio of 0.98. People’s United Financial has a 12 month low of $15.97 and a 12 month high of $20.13.

People’s United Financial (NASDAQ:PBCT) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The company had revenue of $373.90 million during the quarter, compared to analyst estimates of $374.59 million. People’s United Financial had a return on equity of 6.28% and a net margin of 19.32%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. research analysts predict that People’s United Financial will post 0.98 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.1725 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.69 annualized dividend and a yield of 3.80%. People’s United Financial’s dividend payout ratio is presently 75.83%.

In other news, insider Sara M. Longobardi sold 43,450 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $18.68, for a total value of $811,646.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janet M. Hansen sold 12,000 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $17.14, for a total value of $205,680.00. Following the completion of the sale, the director now owns 145,707 shares of the company’s stock, valued at approximately $2,497,417.98. The disclosure for this sale can be found here. Insiders have sold 381,491 shares of company stock valued at $7,173,247 over the last 90 days. 2.70% of the stock is currently owned by insiders.

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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.

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

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