People’s United Financial (PBCT) Releases Quarterly Earnings, Hits Estimates
People’s United Financial (NASDAQ:PBCT) posted its quarterly earnings results on Thursday. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.20, American Banking News.com reports.
A number of analysts have recently weighed in on PBCT shares. Analysts at Guggenheim raised their price target on shares of People’s United Financial to $17.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. On the ratings front, analysts at Janney Montgomery Scott initiated coverage on shares of People’s United Financial in a research note to investors on Tuesday. They set a “buy” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of People’s United Financial from a “sell” rating to a “neutral” rating in a research note to investors on Monday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $14.56.
People’s United Financial (NASDAQ:PBCT) traded down 0.65% on Thursday, hitting $15.37. 5,777,671 shares of the company’s stock traded hands. People’s United Financial has a 52 week low of $12.22 and a 52 week high of $15.70. The stock has a 50-day moving average of $14.9 and a 200-day moving average of $14.80. The company has a market cap of $4.730 billion and a P/E ratio of 21.19.
People’s United Financial, Inc (NASDAQ:PBCT) is a savings and loan holding company.
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