People's United Financial Sees Significant Increase in Short Interest (PBCT)
Shares of People's United Financial (NASDAQ:PBCT) were the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 29,237,007 shares, an increase of 10.1% from the April 15th total of 26,562,513 shares, Analyst Ratings.Net reports. Based on an average daily volume of 4,239,760 shares, the short-interest ratio is presently 6.9 days. Currently, 9.5% of the shares of the company are short sold.
A number of analysts have recently weighed in on PBCT shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of People's United Financial in a research note on Tuesday, April 22nd. They now have a $15.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of People's United Financial from $15.00 to $14.50 in a research note on Monday, April 21st. Finally, analysts at Boenning Scattergood reiterated an “underperform” rating on shares of People's United Financial in a research note on Thursday, April 17th. They now have a $13.50 price target on the stock. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $14.95.
People's United Financial (NASDAQ:PBCT) opened at 14.47 on Wednesday. People's United Financial has a 52 week low of $13.52 and a 52 week high of $15.70. The stock has a 50-day moving average of $14.58 and a 200-day moving average of $14.61. The company has a market cap of $4.334 billion and a P/E ratio of 19.08.
People's United Financial (NASDAQ:PBCT) last released its earnings data on Wednesday, April 16th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.02. During the same quarter in the previous year, the company posted $0.16 earnings per share. Analysts expect that People's United Financial will post $0.83 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 4.56%. 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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