People's United Financial (NASDAQ:PBCT) has been given a $21.00 price objective by analysts at Sandler O’Neill in a research report issued to clients and investors on Thursday. The firm presently has a “hold” rating on the bank’s stock. Sandler O’Neill’s price target indicates a potential upside of 4.58% from the stock’s current price.
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of People's United Financial from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday, November 1st. Barclays lifted their price target on shares of People's United Financial from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Tuesday, January 2nd. Piper Jaffray Companies reiterated a “sell” rating and issued a $17.00 price target on shares of People's United Financial in a report on Sunday, October 22nd. Finally, BidaskClub lowered shares of People's United Financial from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. People's United Financial has a consensus rating of “Hold” and an average target price of $19.25.
Shares of People's United Financial (NASDAQ PBCT) traded up $0.65 on Thursday, hitting $20.08. 5,995,717 shares of the company’s stock were exchanged, compared to its average volume of 1,906,047. The firm has a market cap of $6,727.67, a price-to-earnings ratio of 20.70, a PEG ratio of 7.90 and a beta of 0.85. People's United Financial has a 52 week low of $15.97 and a 52 week high of $20.12. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.98.
People's United Financial (NASDAQ:PBCT) last announced its quarterly earnings results on Thursday, January 18th. The bank reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. The company had revenue of $379.60 million for the quarter, compared to analyst estimates of $392.70 million. People's United Financial had a net margin of 20.37% and a return on equity of 6.77%. During the same quarter last year, the business earned $0.25 EPS. equities research analysts anticipate that People's United Financial will post 1.23 EPS for the current year.
In related news, CFO R David Rosato sold 6,040 shares of People's United Financial stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $19.18, for a total transaction of $115,847.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey J. Tengel sold 173,685 shares of People's United Financial stock in a transaction on Monday, December 4th. The shares were sold at an average price of $19.32, for a total transaction of $3,355,594.20. The disclosure for this sale can be found here. Insiders have sold a total of 724,338 shares of company stock worth $13,796,084 in the last 90 days. Company insiders own 2.70% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Bank of Hawaii acquired a new position in shares of People's United Financial during the 3rd quarter valued at $818,000. Advisor Group Inc. lifted its holdings in People's United Financial by 5.5% in the 3rd quarter. Advisor Group Inc. now owns 148,241 shares of the bank’s stock worth $2,688,000 after buying an additional 7,712 shares in the last quarter. First National Trust Co. lifted its holdings in People's United Financial by 19.7% in the 3rd quarter. First National Trust Co. now owns 94,953 shares of the bank’s stock worth $1,722,000 after buying an additional 15,598 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in People's United Financial by 10.2% in the 2nd quarter. Nationwide Fund Advisors now owns 141,430 shares of the bank’s stock worth $2,498,000 after buying an additional 13,114 shares in the last quarter. Finally, Iberiabank Corp lifted its holdings in People's United Financial by 6.4% in the 3rd quarter. Iberiabank Corp now owns 285,985 shares of the bank’s stock worth $5,188,000 after buying an additional 17,125 shares in the last quarter. Institutional investors and hedge funds own 75.52% of the company’s stock.
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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.