News headlines about People’s United Financial (NASDAQ:PBCT) have been trending positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. People’s United Financial earned a daily sentiment score of 0.30 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.0302621368883 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- People’s United Financial, Inc. (PBCT) Expected to Announce Earnings of $0.25 Per Share (americanbankingnews.com)
- Include Money Stock in Portfolio: People’s United Financial, Inc. (PBCT) with 4.04% Dividend Yield – Voice Of Analysts (analystsbuzz.com)
- People’s United Financial, Inc. (PBCT) noted a price change of -1.00% and Snap-on Incorporated (SNA) closes with a … – Stocks Gallery (stocksgallery.com)
- Matthew T. Huber Joins People’s United Bank As Senior Vice President, Market Manager, Healthcare Financial Services – Markets Insider (markets.businessinsider.com)
Shares of People’s United Financial (PBCT) traded down 2.46% on Thursday, reaching $16.63. 2,264,783 shares of the company’s stock traded hands. People’s United Financial has a 12-month low of $15.27 and a 12-month high of $20.13. The company has a market cap of $5.61 billion, a PE ratio of 18.60 and a beta of 0.82. The stock has a 50-day moving average price of $17.53 and a 200-day moving average price of $17.85.
People’s United Financial (NASDAQ:PBCT) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.04. The company had revenue of $366.50 million during 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 for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. Equities research analysts anticipate that People’s United Financial will post $0.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Friday, July 28th. People’s United Financial’s dividend payout ratio is presently 77.53%.
Several equities analysts have recently weighed in on PBCT shares. BidaskClub lowered shares of People’s United Financial from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Morgan Stanley upgraded shares of People’s United Financial from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $16.50 to $17.50 in a 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 “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of People’s United Financial in a research report on Tuesday, May 9th. Finally, Piper Jaffray Companies set a $16.00 target price on shares of People’s United Financial and gave the company a “sell” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.42.
In other People’s United Financial news, insider Jeffrey Hoyt sold 6,759 shares of People’s United Financial stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $17.98, for a total transaction of $121,526.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jerry Franklin sold 4,520 shares of People’s United Financial stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $16.72, for a total transaction of $75,574.40. Following the sale, the director now directly owns 97,249 shares in the company, valued at approximately $1,626,003.28. The disclosure for this sale can be found here. Insiders have sold a total of 130,115 shares of company stock worth $2,226,820 in the last ninety days. Corporate insiders own 2.70% of the company’s stock.
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.
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