Insider Selling: People’s United Financial Director Sells 25,000 Shares of Stock (PBCT)
People’s United Financial (NASDAQ:PBCT) Director Kevin Bottomley unloaded 25,000 shares of the stock on the open market in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $14.49, for a total value of $362,250.00. Following the completion of the sale, the director now directly owns 137,268 shares in the company, valued at approximately $1,989,013. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on PBCT shares. Analysts at Jefferies Group cut their price target on shares of People’s United Financial from $15.00 to $14.00 in a research note to investors on Friday, October 18th. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of People’s United Financial in a research note to investors on Tuesday, August 20th. They now have a $15.00 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of People’s United Financial 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. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.17.
People’s United Financial (NASDAQ:PBCT) traded down 0.69% on Friday, hitting $14.335. 1,607,379 shares of the company’s stock traded hands. People’s United Financial has a 1-year low of $11.36 and a 1-year high of $15.67. The stock’s 50-day moving average is $14.52 and its 200-day moving average is $14.36. The company has a market cap of $4.411 billion and a price-to-earnings ratio of 19.77.
People’s United Financial (NASDAQ:PBCT) last announced its earnings results on Thursday, October 17th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.01. During the same quarter last year, the company posted $0.18 earnings per share. Analysts expect that People’s United Financial will post $0.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.16 per share. This represents a $0.65 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, October 30th.
People’s United Financial, Inc (NASDAQ:PBCT) is a savings and loan holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.