People’s United Financial, Inc. (NASDAQ:PBCT) insider Jeffrey Hoyt sold 6,759 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $17.98, for a total value of $121,526.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

People’s United Financial, Inc. (NASDAQ PBCT) traded up 1.36% during mid-day trading on Tuesday, hitting $17.90. The stock had a trading volume of 3,700,477 shares. People’s United Financial, Inc. has a 12-month low of $14.79 and a 12-month high of $20.13. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 19.98 and a beta of 0.82. The company has a 50-day moving average of $17.56 and a 200-day moving average of $18.07.

People’s United Financial (NASDAQ:PBCT) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.04. The business had revenue of $366.50 million for the quarter, compared to analyst estimates of $357.16 million. People’s United Financial had a return on equity of 6.14% and a net margin of 18.88%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. On average, analysts anticipate that People’s United Financial, Inc. will post $0.93 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.1725 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.69 annualized dividend and a dividend yield of 3.85%. People’s United Financial’s dividend payout ratio is presently 77.53%.

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A number of analysts have weighed in on PBCT shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $17.75 price objective (up from $17.50) on shares of People’s United Financial in a research report on Friday, July 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.00 price objective on shares of People’s United Financial in a research report on Thursday, April 6th. BidaskClub cut People’s United Financial from a “sell” rating to a “strong sell” rating in a research report on Monday. Finally, Zacks Investment Research raised People’s United Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, March 27th. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.25.

Several institutional investors have recently modified their holdings of PBCT. Advisory Services Network LLC acquired a new position in shares of People’s United Financial during the first quarter valued at about $137,000. Mn Services Vermogensbeheer B.V. increased its position in shares of People’s United Financial by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,076 shares of the bank’s stock valued at $137,000 after buying an additional 394 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of People’s United Financial by 19.2% in the first quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the bank’s stock valued at $158,000 after buying an additional 1,400 shares in the last quarter. Federated Investors Inc. PA acquired a new position in shares of People’s United Financial during the fourth quarter valued at about $184,000. Finally, Macquarie Group Ltd. increased its position in shares of People’s United Financial by 25.6% in the fourth quarter. Macquarie Group Ltd. now owns 9,800 shares of the bank’s stock valued at $189,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

People’s United Financial Company Profile

People’s United Financial, Inc is a bank holding company and a financial holding company of People’s United Bank (the Bank). The Bank is engaged in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company operates through two segments: Commercial Banking and Retail Banking.

Insider Buying and Selling by Quarter for People`s United Financial (NASDAQ:PBCT)

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