People's United Financial Price Target Cut to $14.50 (PBCT)
Research analysts at Keefe, Bruyette & Woods decreased their target price on shares of People's United Financial (NASDAQ:PBCT) from $15.00 to $14.50 in a report released on Monday, American Banking News reports. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 0.28% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Boenning Scattergood reiterated an “underperform” rating on shares of People's United Financial in a research note on Thursday. They now have a $13.50 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of People's United Financial in a research note on Wednesday, April 2nd. They now have a $17.00 price target on the stock, down previously from $18.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of People's United Financial in a research note on Tuesday, February 11th. They now have a $14.50 price target on the stock. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.05.
Shares of People's United Financial (NASDAQ:PBCT) traded down 0.03% during mid-day trading on Monday, hitting $14.535. 795,389 shares of the company’s stock traded hands. People's United Financial has a 52 week low of $12.88 and a 52 week high of $15.70. The stock has a 50-day moving average of $14.65 and a 200-day moving average of $14.64. The company has a market cap of $4.353 billion and a price-to-earnings ratio of 19.06.
People's United Financial (NASDAQ:PBCT) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.02. During the same quarter last year, the company posted $0.16 earnings per share. Analysts expect that People's United Financial will post $0.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Tuesday, April 29th. This is a boost from People's United Financial’s previous quarterly dividend of $0.16.
People’s United Financial, Inc (NASDAQ:PBCT) is a savings and loan holding company.
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