News stories about People's United Financial (NASDAQ:PBCT) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public 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 0.14 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.9665543379219 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Short Interest in People's United Financial, Inc. (PBCT) Rises By 5.2% (americanbankingnews.com)
- Two Stocks are not to be skipped: People’s United Financial, Inc. (PBCT), Mack-Cali Realty Corporation (CLI) – Market Movers (financialqz.com)
- Hot Stock to Track – People’s United Financial, Inc., (NASDAQ: PBCT) – Stock Watch (stocksnewstimes.com)
- People’s United Financial, Inc. (PBCT) Stock Reveals Prospects By EPS Factor Analysis For This Year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Hot Stock in Focus: People’s United Financial Inc (NASDAQ: PBCT) – Alpha Beta Stock (alphabetastock.com)
A number of analysts recently issued reports on PBCT shares. Barclays raised their price objective on People's United Financial from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. BidaskClub downgraded People's United Financial from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Zacks Investment Research raised People's United Financial from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, January 4th. Finally, Sandler O’Neill set a $21.00 price objective on People's United Financial and gave the stock a “hold” rating in a research report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.25.
People's United Financial (NASDAQ:PBCT) last issued its quarterly earnings data on Thursday, January 18th. The bank reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. People's United Financial had a return on equity of 6.69% and a net margin of 20.37%. The firm had revenue of $379.60 million during the quarter, compared to the consensus estimate of $392.70 million. During the same period last year, the company earned $0.25 EPS. analysts predict that People's United Financial will post 1.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Wednesday, January 31st. People's United Financial’s dividend payout ratio (DPR) is 71.13%.
In related news, Director John K. Dwight sold 56,928 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $19.08, for a total transaction of $1,086,186.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jerry Franklin sold 4,300 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $19.91, for a total value of $85,613.00. Following the transaction, the director now owns 92,949 shares of the company’s stock, valued at $1,850,614.59. The disclosure for this sale can be found here. Insiders have sold a total of 402,362 shares of company stock valued at $7,770,854 over the last 90 days. 2.70% of the stock is currently owned by company insiders.
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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.
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