Insider Selling: People’s United Financial Insider Unloads 2,014 Shares of Stock (PBCT)
People’s United Financial (NASDAQ:PBCT) Insider Jeffrey Hoyt unloaded 2,014 shares of the company’s stock on the open market in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $14.32, for a total transaction of $28,840.48. Following the completion of the transaction, the insider now directly owns 20,102 shares in the company. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
PBCT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of People’s United Financial (NASDAQ:PBCT) in a research note to investors on Tuesday, August 20th. They now have a $15.00 price target on the stock. Separately, analysts at Guggenheim raised their price target on shares of People’s United Financial (NASDAQ:PBCT) from $14.00 to $16.00 in a research note to investors on Friday, August 16th. They now have a “neutral” rating on the stock. Finally, analysts at Boenning Scattergood initiated coverage on shares of People’s United Financial (NASDAQ:PBCT) in a research note to investors on Wednesday, August 7th. They set an “underperform” rating and a $13.50 price target on the stock.
Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.00.
People’s United Financial (NASDAQ:PBCT) traded up 0.66% on Wednesday, hitting $14.465. The stock had a trading volume of 1,667,176 shares. People’s United Financial has a one year low of $11.36 and a one year high of $15.67. The stock has a 50-day moving average of $14.81 and a 200-day moving average of $14.05. The company has a market cap of $4.478 billion and a price-to-earnings ratio of 19.96.
People’s United Financial (NASDAQ:PBCT) last released its earnings data on Thursday, July 18th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.01. During the same quarter in the prior year, the company posted $0.20 earnings per share. On average, analysts predict that People’s United Financial will post $0.78 earnings per share for the current fiscal year.
People’s United Financial, Inc (NASDAQ:PBCT) is a savings and loan holding company.
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