California State Teachers Retirement System Has $11.20 Million Position in People's United Financial, Inc. (PBCT)

California State Teachers Retirement System reduced its stake in shares of People's United Financial, Inc. (NASDAQ:PBCT) by 7.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 617,477 shares of the bank’s stock after selling 51,559 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of People's United Financial worth $11,201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Federated Investors Inc. PA increased its position in 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 valued at $171,000 after buying an additional 80 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in People's United Financial by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,583 shares of the bank’s stock valued at $452,000 after buying an additional 104 shares in the last quarter. Advisory Services Network LLC increased its position in People's United Financial by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 7,757 shares of the bank’s stock valued at $137,000 after buying an additional 226 shares in the last quarter. Sentry Investment Management LLC increased its position in People's United Financial by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 23,768 shares of the bank’s stock valued at $420,000 after buying an additional 256 shares in the last quarter. Finally, Community Bank & Trust Waco Texas increased its position in People's United Financial by 0.4% during the 2nd quarter. Community Bank & Trust Waco Texas now owns 175,002 shares of the bank’s stock valued at $3,091,000 after buying an additional 687 shares in the last quarter. Hedge funds and other institutional investors own 75.52% of the company’s stock.

Several research analysts recently issued reports on PBCT shares. Zacks Investment Research raised People's United Financial from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “sell” rating and set a $17.00 target price on shares of People's United Financial in a research report on Sunday, October 22nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.09.

In related news, insider Jeffrey J. Tengel sold 173,685 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $19.32, for a total transaction of $3,355,594.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John P. Barnes sold 299,309 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $18.88, for a total value of $5,650,953.92. Following the sale, the chief executive officer now directly owns 383,140 shares in the company, valued at $7,233,683.20. The disclosure for this sale can be found here. Insiders sold 724,338 shares of company stock worth $13,796,084 over the last three months. Corporate insiders own 2.70% of the company’s stock.

People's United Financial, Inc. (NASDAQ:PBCT) opened at $18.91 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $6,510.00, a PE ratio of 20.78, a PEG ratio of 9.56 and a beta of 0.85. People's United Financial, Inc. has a 1-year low of $15.97 and a 1-year high of $19.85.

People's United Financial (NASDAQ:PBCT) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $373.90 million for the quarter, compared to analyst estimates of $374.59 million. People's United Financial had a return on equity of 6.39% and a net margin of 24.28%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. sell-side analysts anticipate that People's United Financial, Inc. will post 1 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for People's United Financial (NASDAQ:PBCT)

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