Janet M. Hansen Sells 10,000 Shares of People's United Financial, Inc. (PBCT) Stock

People's United Financial, Inc. (NASDAQ:PBCT) Director Janet M. Hansen sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $19.14, for a total transaction of $191,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of People's United Financial, Inc. (NASDAQ PBCT) traded down $0.13 during midday trading on Thursday, reaching $18.82. 2,142,100 shares of the company were exchanged, compared to its average volume of 2,910,145. The firm has a market cap of $6,561.47, a price-to-earnings ratio of 19.74, a PEG ratio of 9.63 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. People's United Financial, Inc. has a 12-month low of $15.97 and a 12-month high of $20.13.

People's United Financial (NASDAQ:PBCT) last announced its earnings results on Thursday, October 19th. The bank reported $0.26 earnings per share for the quarter, topping the Zacks’ 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 analyst estimates of $374.59 million. During the same period in the prior year, the business earned $0.24 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. analysts expect that People's United Financial, Inc. will post 0.98 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders 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 yield of 3.67%. People's United Financial’s dividend payout ratio (DPR) is presently 75.83%.

A number of large investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC bought a new stake in People's United Financial during the 3rd quarter worth about $416,000. IFM Investors Pty Ltd lifted its position in People's United Financial by 35.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 26,792 shares of the bank’s stock worth $486,000 after buying an additional 6,949 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in People's United Financial by 6.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 67,141 shares of the bank’s stock worth $1,206,000 after buying an additional 4,315 shares in the last quarter. California Public Employees Retirement System lifted its position in People's United Financial by 2.2% during the 3rd quarter. California Public Employees Retirement System now owns 1,083,111 shares of the bank’s stock worth $19,648,000 after buying an additional 23,383 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in People's United Financial by 5.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 241,836 shares of the bank’s stock worth $4,387,000 after buying an additional 12,052 shares in the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on PBCT shares. Piper Jaffray Companies set a $16.00 target price on shares of People's United Financial and gave the stock a “sell” rating in a research note on Thursday, August 17th. Jefferies Group reaffirmed a “hold” rating and issued a $19.00 target price on shares of People's United Financial in a research note on Friday, August 18th. Finally, Zacks Investment Research raised shares of People's United Financial from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. People's United Financial currently has an average rating of “Hold” and a consensus price target of $19.19.

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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.

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