People's United Financial Short Interest Down 11.4% in August (PBCT)
Shares of People's United Financial (NASDAQ:PBCT) were the target of a significant decrease in short interest in August. As of August 15th, there was short interest totalling 33,081,262 shares, a decrease of 11.4% from the July 31st total of 37,318,903 shares, Analyst Ratings News reports. Currently, 10.8% of the company’s stock are short sold. Based on an average trading volume of 2,596,553 shares, the short-interest ratio is currently 12.7 days.
PBCT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of People's United Financial in a research note on Monday, August 11th. They now have a $15.00 price target on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.95.
Shares of People's United Financial (NASDAQ:PBCT) opened at 14.95 on Tuesday. 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 $14.77 and its 200-day moving average is $14.62. The company has a market cap of $4.482 billion and a P/E ratio of 18.67.
People's United Financial (NASDAQ:PBCT) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.04. During the same quarter in the prior year, the company posted $0.20 earnings per share. Analysts expect that People's United Financial will post $0.84 EPS for the current fiscal year.
People’s United Financial, Inc (NASDAQ:PBCT) is a savings and loan holding company.
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