Jerry Franklin Sells 4,300 Shares of People's United Financial, Inc. (PBCT) Stock

People's United Financial, Inc. (NASDAQ:PBCT) Director Jerry Franklin sold 4,300 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $19.91, for a total transaction of $85,613.00. Following the completion of the transaction, the director now directly owns 92,949 shares of the company’s stock, valued at $1,850,614.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

People's United Financial, Inc. (NASDAQ PBCT) traded up $0.65 during trading on Monday, hitting $20.08. 6,113,000 shares of the stock were exchanged, compared to its average volume of 2,784,715. People's United Financial, Inc. has a one year low of $15.97 and a one year high of $20.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $6,950.00, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 8.00 and a beta of 0.85.

People's United Financial (NASDAQ:PBCT) last posted its quarterly earnings data on Thursday, January 18th. The bank reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. People's United Financial had a net margin of 20.37% and a return on equity of 6.69%. The company had revenue of $379.60 million during the quarter, compared to the consensus estimate of $392.70 million. During the same period in the prior year, the business posted $0.25 EPS. analysts expect that People's United Financial, Inc. will post 1.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.1725 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.44%. People's United Financial’s dividend payout ratio is 71.13%.

PBCT has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of People's United Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $16.00 target price on shares of People's United Financial in a research note on Wednesday, October 4th. Finally, Barclays upped their target price on shares of People's United Financial from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. 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 presently has an average rating of “Hold” and an average price target of $19.25.

Several institutional investors have recently bought and sold shares of the company. Federated Investors Inc. PA boosted its stake in shares of People's United Financial by 0.8% during the 2nd quarter. Federated Investors Inc. PA now owns 9,678 shares of the bank’s stock worth $171,000 after buying an additional 80 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of People's United Financial by 3.0% in the 2nd 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 period. Sentry Investment Management LLC raised its holdings in shares of People's United Financial by 1.1% in the 2nd 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 period. Thrivent Financial For Lutherans raised its holdings in shares of People's United Financial by 6.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 13,374 shares of the bank’s stock valued at $236,000 after purchasing an additional 794 shares during the period. Finally, FMR LLC raised its holdings in shares of People's United Financial by 0.9% in the 2nd quarter. FMR LLC now owns 165,333 shares of the bank’s stock valued at $2,920,000 after purchasing an additional 1,530 shares during the period. Institutional investors own 75.77% of the company’s stock.

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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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