People's United Financial Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:PBCT)
People's United Financial (NASDAQ:PBCT) has been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the stock, Stock Ratings Network reports. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $14.94.
Shares of People's United Financial (NASDAQ:PBCT) opened at 14.51 on Thursday. People's United Financial has a 52 week low of $13.73 and a 52 week high of $15.70. The stock’s 50-day moving average is $14.89 and its 200-day moving average is $14.58. The company has a market cap of $4.350 billion and a P/E ratio of 18.05.
People's United Financial (NASDAQ:PBCT) last released its earnings data on Thursday, July 17th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.04. During the same quarter last 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 announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Wednesday, July 30th.
In other People's United Financial news, Director Mark W. Richards sold 30,000 shares of People's United Financial stock on the open market in a transaction dated Monday, August 4th. The stock was sold at an average price of $14.36, for a total value of $430,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 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.
People’s United Financial, Inc (NASDAQ:PBCT) is a savings and loan holding company.
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