People’s United Financial, Inc. (PBCT) VP Lee C. Powlus Sells 48,200 Shares

People’s United Financial, Inc. (NASDAQ:PBCT) VP Lee C. Powlus sold 48,200 shares of the stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $17.97, for a total transaction of $866,154.00. Following the transaction, the vice president now owns 146,050 shares of the company’s stock, valued at approximately $2,624,518.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of PBCT stock traded down $0.40 during trading hours on Friday, reaching $16.07. The stock had a trading volume of 5,757,850 shares, compared to its average volume of 3,032,180. The firm has a market capitalization of $5.97 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 6.63 and a beta of 0.93. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.78. People’s United Financial, Inc. has a 12 month low of $15.80 and a 12 month high of $20.26.

People’s United Financial (NASDAQ:PBCT) last announced its earnings results on Thursday, July 19th. The bank reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $396.10 million for the quarter, compared to the consensus estimate of $395.57 million. People’s United Financial had a net margin of 23.24% and a return on equity of 7.57%. During the same period last year, the firm posted $0.19 earnings per share. Sell-side analysts predict that People’s United Financial, Inc. will post 1.29 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Summit Trail Advisors LLC grew its holdings in shares of People’s United Financial by 1,843.8% in the first quarter. Summit Trail Advisors LLC now owns 105,819 shares of the bank’s stock worth $106,000 after purchasing an additional 100,375 shares during the last quarter. FineMark National Bank & Trust bought a new position in shares of People’s United Financial in the second quarter worth approximately $150,000. Argent Trust Co bought a new position in shares of People’s United Financial in the second quarter worth approximately $182,000. Advisor Partners LLC bought a new position in shares of People’s United Financial in the second quarter worth approximately $203,000. Finally, US Bancorp DE grew its holdings in shares of People’s United Financial by 36.8% in the first quarter. US Bancorp DE now owns 11,698 shares of the bank’s stock worth $218,000 after purchasing an additional 3,144 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of People’s United Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Morgan Stanley increased their target price on shares of People’s United Financial from $20.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 24th. BidaskClub upgraded shares of People’s United Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, September 7th. Zacks Investment Research lowered shares of People’s United Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Keefe, Bruyette & Woods upgraded shares of People’s United Financial from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a research report on Tuesday, June 19th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. People’s United Financial currently has a consensus rating of “Hold” and an average target price of $19.81.

People’s United Financial Company Profile

People's United Financial, Inc operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking.

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Insider Buying and Selling by Quarter for People`s United Financial (NASDAQ:PBCT)

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