People’s United Financial Receives Hold Rating from Deutsche Bank (PBCT)
People’s United Financial (NASDAQ:PBCT)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Friday, American Banking and Market News reports. They currently have a $15.00 price target on the stock. Deutsche Bank’s price objective would suggest a potential downside of 2.41% from the stock’s previous close.
PBCT has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. downgraded shares of People’s United Financial from an “overweight” rating to a “neutral” rating in a research note to investors on Friday. They now have a $16.00 price target on the stock, down previously from $17.00. Separately, analysts at FBR Capital Markets downgraded shares of People’s United Financial from a “market perform” rating to an “underperform” rating in a research note to investors on Friday. They now have a $14.00 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of People’s United Financial from $2.00 to $17.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Three 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 has an average rating of “Hold” and a consensus price target of $14.85.
Shares of People’s United Financial (NASDAQ:PBCT) traded down 4.16% on Friday, hitting $14.731. The stock had a trading volume of 14,429,967 shares. People’s United Financial has a one year low of $12.22 and a one year high of $15.70. The stock’s 50-day moving average is $14.99 and its 200-day moving average is $14.80. The company has a market cap of $4.533 billion and a price-to-earnings ratio of 21.05.
People’s United Financial (NASDAQ:PBCT) last posted its quarterly earnings results on Thursday, January 16th. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.20. During the same quarter last year, the company posted $0.19 earnings per share. On average, analysts predict that People’s United Financial will post $0.87 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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