People’s United Financial, Inc. (NASDAQ:PBCT) Director Janet M. Hansen sold 12,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $17.14, for a total transaction of $205,680.00. Following the transaction, the director now directly owns 145,707 shares of the company’s stock, valued at $2,497,417.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

People’s United Financial, Inc. (NASDAQ PBCT) traded up 0.70% during mid-day trading on Wednesday, hitting $17.33. 1,923,981 shares of the company were exchanged. People’s United Financial, Inc. has a 12-month low of $15.28 and a 12-month high of $20.13. The stock has a market cap of $5.85 billion, a P/E ratio of 19.38 and a beta of 0.82. The company has a 50 day moving average of $16.90 and a 200 day moving average of $17.47.

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

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Several large investors have recently made changes to their positions in the stock. W. E. Donoghue & Co. LLC acquired a new stake in People’s United Financial during the 2nd quarter worth approximately $16,141,000. Intl Fcstone Inc. acquired a new stake in shares of People’s United Financial in the second quarter valued at approximately $185,000. Sentry Investment Management LLC raised its holdings in shares of People’s United Financial by 1.1% in the second quarter. Sentry Investment Management LLC now owns 23,768 shares of the bank’s stock valued at $420,000 after purchasing an additional 256 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of People’s United Financial by 36.5% in the second quarter. Toronto Dominion Bank now owns 116,640 shares of the bank’s stock valued at $2,060,000 after purchasing an additional 31,179 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of People’s United Financial by 3.0% in the second quarter. Advisory Services Network LLC now owns 7,757 shares of the bank’s stock valued at $137,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

A number of research firms have issued reports on PBCT. Jefferies Group LLC restated a “hold” rating and set a $19.00 price target on shares of People’s United Financial in a research report on Friday, August 18th. Piper Jaffray Companies set a $16.00 price target on shares of People’s United Financial and gave the stock a “sell” rating in a research report on Thursday, August 17th. Morgan Stanley upgraded shares of People’s United Financial from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $16.50 to $17.50 in a research report on Monday, June 5th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of People’s United Financial from a “buy” rating to a “hold” rating in a research report on Monday. Finally, BidaskClub downgraded shares of People’s United Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. People’s United Financial currently has an average rating of “Hold” and an average price target of $18.38.

About People’s United Financial

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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