People’s United Financial Downgraded by FBR Capital Markets to “Underperform” (PBCT)
People’s United Financial (NASDAQ:PBCT) was downgraded by FBR Capital Markets to an “underperform” rating in a research note issued on Friday, Analyst Ratings News reports.
A number of other analysts have also recently weighed in on PBCT. 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. Separately, 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. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.56.
People’s United Financial (NASDAQ:PBCT) opened at 15.37 on Friday. People’s United Financial has a one year low of $12.22 and a one year high of $15.70. The stock has a 50-day moving average of $14.99 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 (NASDAQ:PBCT) last released its earnings data on Thursday, January 16th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, analysts predict that People’s United Financial will post $0.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, February 15th. Investors of record on Saturday, February 1st will be given a dividend of 0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 4.23%.
People’s United Financial, Inc (NASDAQ:PBCT) is a savings and loan holding company.
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