People's United Financial Given Average Recommendation of “Hold” by Analysts (NASDAQ:PBCT)
Shares of People's United Financial (NASDAQ:PBCT) have earned an average rating of “Hold” from the twelve analysts that are presently covering the company, ARN reports. Two analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.95.
A number of research firms have recently commented on PBCT. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of People's United Financial in a research note on Monday, July 21st. They now have a $15.50 price target on the stock, up previously from $15.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of People's United Financial in a research note on Friday, July 18th. They now have a $15.00 price target on the stock. Finally, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of People's United Financial in a research note on Wednesday, June 25th. They now have a $16.00 price target on the stock, down previously from $17.00.
Shares of People's United Financial (NASDAQ:PBCT) traded up 0.24% on Thursday, hitting $14.57. The stock had a trading volume of 418,524 shares. People's United Financial has a 52-week low of $13.73 and a 52-week high of $15.70. The stock has a 50-day moving average of $14.92 and a 200-day moving average of $14.58. The company has a market cap of $4.368 billion and a P/E ratio of 18.21.
People's United Financial (NASDAQ:PBCT) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. During the same quarter in the previous year, the company posted $0.20 earnings per share. On average, analysts predict that People's United Financial will post $0.84 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 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 Wednesday, July 30th.
In other People's United Financial news, Director Mark W. Richards unloaded 30,000 shares of People's United Financial stock on the open market in a transaction dated Monday, August 4th. The shares were sold at an average price of $14.36, for a total value of $430,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
People’s United Financial, Inc (NASDAQ:PBCT) is a savings and loan holding company.
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