Just the Facts on People's United Financial, Inc. (PBCT)

Mae Love
January 13, 2018

After a recent check, it is observed that the insiders for the firm now own 0.30% shares. Ltd. owned 0.15% of People's United Financial worth $9,571,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Analytic Investors LLC bought a new position in shares of People's United Financial during the third quarter worth approximately $496,000. Janus Henderson Group PLC now owns 4,212,281 shares of the bank's stock valued at $74,389,000 after purchasing an additional 4,168,800 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of People's United Financial by 10.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,083,768 shares of the bank's stock worth $19,139,000 after purchasing an additional 72,489 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of People's United Financial by 11.1% in the 2nd quarter. Ffcm LLC now owns 6,345 shares of the bank's stock valued at $114,000 after purchasing an additional 4,287 shares during the last quarter. Fmr has invested 0% in People's United Financial, Inc. Benjamin F. Edwards & Company Inc. lifted its stake in People's United Financial by 1,408.7% in the 3rd quarter. Advisory Services Network LLC now owns 7,757 shares of the bank's stock valued at $137,000 after purchasing an additional 226 shares during the last quarter. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Also, CEO John P. Barnes sold 299,309 shares of People's United Financial stock in a transaction dated Tuesday, October 24th. This metric reflects the average amount a stock's price has differed from the mean over a period of time. The disclosure for this sale can be found here. Insiders have sold a total of 724,338 shares of company stock valued at $13,796,084 over the last quarter.

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock's prospects going forward. During the last 52 weeks, the (NASDAQ:PBCT) price has been as high as $19.85 and as low as $15.97.

People's United Financial (PBCT) traded up $0.14 during trading on Thursday, reaching $18.92. 1,829,259 shares of the company traded hands, compared to its average volume of 2,381,982. (NASDAQ:PBCT) has a beta of 0.85, compared to a beta of 1 for the market, which implies that the stock's price movements are less extreme than the market as a whole.

People's United Financial (NASDAQ:PBCT) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. Vanguard Gru Inc owns 10,768 shares or 0% of their USA portfolio.

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Investors are looking at People's United Financial, Inc. People's United Financial's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. sell-side analysts expect that People's United Financial will post 1 earnings per share for the current year.

A number of brokerages have weighed in on PBCT. Three analysts have made estimates for People's United Financial's earnings. People's United Financial now has a consensus rating of "Hold" and a consensus target price of $19.04.

Looking into last 5 trades, the stock observed a return of nearly 1.44%. Piper Jaffray Companies reaffirmed a sell rating and issued a $16.00 target price on shares of People's United Financial in a report on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. Jefferies maintained People's United Financial, Inc. (PBCT) - averaging the work of different analysts - reveals a mean PT of $19.89/share.

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People's United Finl (PBCT) now has a 14-day Commodity Channel Index (CCI) of 238.82. The principal business of the Company is to provide, through the Bank and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers.

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