News coverage about People's United Financial (NASDAQ:PBCT) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. People's United Financial earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.0723987687535 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Insider Selling: People's United Financial, Inc. (PBCT) Director Sells 10,000 Shares of Stock (americanbankingnews.com)
- Insider Selling: People's United Financial, Inc. (PBCT) Insider Sells 173,685 Shares of Stock (americanbankingnews.com)
- People's United Financial (PBCT) Raised to Buy at Zacks Investment Research (americanbankingnews.com)
- Is it Advisable to Add People's United (PBCT) Stock Now? (finance.yahoo.com)
- Exceptional Stocks in Review: People’s United Financial, Inc. (NASDAQ:PBCT) – Market Breaking Point (press release) (journalfinance.net)
Shares of People's United Financial (NASDAQ:PBCT) traded down $0.13 during trading hours on Wednesday, hitting $18.82. 2,142,191 shares of the company’s stock were exchanged, compared to its average volume of 2,910,097. People's United Financial has a 1 year low of $15.97 and a 1 year high of $20.13. The firm has a market cap of $6,665.34, a price-to-earnings ratio of 20.05, a PEG ratio of 9.78 and a beta of 0.85. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.98.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.69 annualized dividend and a dividend yield of 3.67%. People's United Financial’s dividend payout ratio is 75.83%.
A number of brokerages recently commented on PBCT. Jefferies Group reiterated a “hold” rating and issued a $19.00 price target on shares of People's United Financial in a research note on Friday, August 18th. Piper Jaffray Companies reiterated a “sell” rating and issued a $17.00 price target on shares of People's United Financial in a research note on Sunday, October 22nd. Finally, 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 research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. People's United Financial currently has a consensus rating of “Hold” and an average price target of $19.19.
In related news, VP David K. Norton sold 108,194 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $19.22, for a total transaction of $2,079,488.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Sara M. Longobardi sold 43,450 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $18.68, for a total transaction of $811,646.00. The disclosure for this sale can be found here. Insiders have sold a total of 736,338 shares of company stock worth $14,001,764 in the last quarter. 2.70% of the stock is currently owned by company insiders.
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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