People's United Financial (NASDAQ:PBCT) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
A number of other analysts also recently issued reports on PBCT. Zacks Investment Research downgraded shares of People's United Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Sandler O’Neill set a $21.00 price target on shares of People's United Financial and gave the stock a “hold” rating in a report on Thursday, January 18th. Finally, Barclays increased their price target on shares of People's United Financial from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $19.82.
Shares of People's United Financial (NASDAQ:PBCT) opened at $19.14 on Tuesday. People's United Financial has a twelve month low of $15.97 and a twelve month high of $20.14. The stock has a market cap of $6,630.00, a price-to-earnings ratio of 20.15, a P/E/G ratio of 7.73 and a beta of 0.87. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66.
In other People's United Financial news, insider Jeffrey J. Tengel sold 173,685 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $19.32, for a total transaction of $3,355,594.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert E. Trautmann sold 30,000 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $19.86, for a total transaction of $595,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 253,200 shares of company stock worth $4,909,532. Insiders own 2.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors purchased a new position in People's United Financial during the fourth quarter valued at $108,000. Community Bank N.A. purchased a new position in People's United Financial during the fourth quarter valued at $115,000. Aurora Investment Counsel purchased a new position in People's United Financial during the fourth quarter valued at $193,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in People's United Financial by 131.1% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,400 shares of the bank’s stock valued at $194,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Tiedemann Wealth Management LLC purchased a new position in People's United Financial during the third quarter valued at $199,000. 75.85% of the stock is currently owned by institutional investors and hedge funds.
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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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