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People's United Financial (NASDAQ:PBCT)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Monday. They currently have a $15.00 price target on the stock. Zacks‘s target price suggests a potential upside of 3.38% from the company’s current price.

Zacks’ analyst wrote, “People’s United’s second-quarter 2014 operating earnings per share came in line with the Zacks Consensus Estimate as well as the prior-year quarter earnings. Results reflected organic growth and lower provision for loan losses. Improving asset quality was another positive. However, increased expenses remain a concern. Overall, People’s United is trying to overcome the sluggish economic recovery through opportunistic acquisitions. Going forward, growth in loans and deposits are expected to boost the company’s financial results. However, the recent regulatory issues, rising expenses and a challenging economic environment remain concerns.”

Shares of People's United Financial (NASDAQ:PBCT) traded up 0.21% on Monday, hitting $14.54. The stock had a trading volume of 611,752 shares. People's United Financial has a one year low of $13.73 and a one year 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 $4.359 billion and a P/E ratio of 18.18.

People's United Financial (NASDAQ:PBCT) last issued its quarterly 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 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 announced a quarterly dividend, which is scheduled for Friday, August 15th. Investors 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 the 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 sale was disclosed in a legal filing with the SEC, which is available at this link.

Other equities research analysts have also recently issued reports about the stock. 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. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.95.

People’s United Financial, Inc (NASDAQ:PBCT) is a savings and loan holding company.

To view Zacks’ full report, visit Zacks’ official website.

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