People’s United Financial, Inc. (NASDAQ:PBCT) insider Sara M. Longobardi sold 43,450 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $18.68, for a total transaction of $811,646.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of People’s United Financial, Inc. (PBCT) traded up 0.59% during trading on Tuesday, reaching $18.86. 2,154,246 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $17.64 and its 200-day moving average price is $17.41. People’s United Financial, Inc. has a 52-week low of $15.82 and a 52-week high of $20.13. The stock has a market cap of $6.37 billion, a PE ratio of 21.10 and a beta of 0.84.

People’s United Financial (NASDAQ:PBCT) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. People’s United Financial had a net margin of 19.32% and a return on equity of 6.28%. The firm had revenue of $373.90 million during the quarter, compared to analysts’ expectations of $374.59 million. During the same period in the prior year, the company posted $0.24 EPS. The company’s revenue was up 11.2% on a year-over-year basis. On average, equities research analysts forecast that People’s United Financial, Inc. will post $0.93 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 3.68%. The ex-dividend date is Tuesday, October 31st. People’s United Financial’s dividend payout ratio (DPR) is currently 75.83%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Benedict Financial Advisors Inc. increased its position in People’s United Financial by 0.3% in the 2nd quarter. Benedict Financial Advisors Inc. now owns 15,537 shares of the bank’s stock valued at $272,000 after acquiring an additional 47 shares during the period. Federated Investors Inc. PA boosted its stake in shares of People’s United Financial by 0.8% in the 2nd quarter. Federated Investors Inc. PA now owns 9,678 shares of the bank’s stock valued at $171,000 after purchasing an additional 80 shares during the last quarter. ING Groep NV boosted its stake in shares of People’s United Financial by 0.5% in the 2nd quarter. ING Groep NV now owns 17,637 shares of the bank’s stock valued at $311,000 after purchasing an additional 94 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of People’s United Financial by 0.8% in the 2nd quarter. Contravisory Investment Management Inc. now owns 13,274 shares of the bank’s stock valued at $234,000 after purchasing an additional 104 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of People’s United Financial by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,583 shares of the bank’s stock valued at $452,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 77.02% of the company’s stock.

Several analysts have recently weighed in on the stock. Piper Jaffray Companies reaffirmed a “sell” rating and set a $17.00 price objective on shares of People’s United Financial in a report on Sunday. Zacks Investment Research raised shares of People’s United Financial from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price objective on shares of People’s United Financial in a report on Friday, August 18th. BidaskClub lowered shares of People’s United Financial from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $17.75 price objective (up previously from $17.50) on shares of People’s United Financial in a report on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. People’s United Financial currently has an average rating of “Hold” and an average price target of $19.08.

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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