Several brokerages have updated their recommendations and price targets on shares of People’s United Financial (NASDAQ: PBCT) in the last few weeks:

  • 10/3/2017 – People’s United Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of People’s United have underperformed the industry in the last six months. The company has a decent earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company is steadily growing through acquisitions, which is likely to continue in the near future, given its strong balance sheet position. Also, the company’s steady capital deployment activities continue to enhance investors’ confidence. However, escalating expenses despite undertaking initiatives to curb costs remains a concern.”
  • 9/26/2017 – People’s United Financial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of People’s United have underperformed the industry in the last six months. The company has a decent earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company is steadily growing through acquisitions, which is likely to continue in the near future, given its strong balance sheet position. Also, the company’s steady capital deployment activities continue to enhance investors’ confidence. However, escalating expenses despite undertaking initiatives to curb costs remains a concern.”
  • 9/19/2017 – People’s United Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Shares of People’s United have underperformed the industry in the last three months. The company has a decent earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company is steadily growing through acquisitions, which is likely to continue in the near future, given its strong balance sheet position. People’s United’s focus on improving credit quality is another positive factor. Also, the company’s steady capital deployment activities continue to enhance investors’ confidence. However, escalating expenses despite undertaking initiatives to curb costs remains a concern.”
  • 9/18/2017 – People’s United Financial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of People’s United have underperformed the industry in the last three months. The company has a decent earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company is steadily growing through acquisitions, which is likely to continue in the near future, given its strong balance sheet position. People’s United’s focus on improving credit quality is another positive factor. Also, the company’s steady capital deployment activities continue to enhance investors’ confidence. However, escalating expenses despite undertaking initiatives to curb costs remains a concern.”
  • 9/5/2017 – People’s United Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Shares of People’s United have outperformed the industry in the last three months. The company has a decent earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company is steadily growing through acquisitions, which is likely to continue in the near future, given its strong balance sheet position. People’s United’s focus on improving credit quality is another positive factor. Though escalating expenses despite undertaking initiatives to curb costs remains a concern, the company’s steady capital deployment activities continue to enhance investors’ confidence in the stock.”
  • 8/18/2017 – People’s United Financial had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $19.00 price target on the stock.
  • 8/17/2017 – People’s United Financial was given a new $16.00 price target on by analysts at Piper Jaffray Companies. They now have a “sell” rating on the stock.

People’s United Financial, Inc. (NASDAQ:PBCT) traded down 0.55% during midday trading on Tuesday, hitting $18.14. The stock had a trading volume of 1,818,024 shares. The stock has a 50-day moving average price of $17.02 and a 200 day moving average price of $17.38. People’s United Financial, Inc. has a 12-month low of $15.28 and a 12-month high of $20.13. The firm has a market cap of $6.12 billion, a P/E ratio of 20.29 and a beta of 0.84.

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

In other news, Director Janet M. Hansen sold 12,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $17.14, for a total value of $205,680.00. Following the completion of 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 is accessible through this hyperlink. Also, insider Jeffrey Hoyt sold 6,759 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $17.98, for a total value of $121,526.82. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

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.

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