People’s United Financial Inc. (NASDAQ:PBCT) saw an uptick in trading volume on Friday . 16,119,625 shares changed hands during trading, an increase of 165% from the previous session’s volume of 6,079,894 shares.The stock last traded at $15.16 and had previously closed at $15.15.

Several brokerages recently issued reports on PBCT. Zacks Investment Research lowered People’s United Financial from a “hold” rating to a “sell” rating in a report on Monday, May 2nd. Barclays PLC restated a “sell” rating on shares of People’s United Financial in a report on Saturday, April 23rd. FBR & Co restated a “sell” rating on shares of People’s United Financial in a report on Saturday, April 23rd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $16.00 target price on shares of People’s United Financial in a report on Wednesday, June 29th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of People’s United Financial in a report on Wednesday, April 6th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.19.

The stock’s 50 day moving average is $15.10 and its 200 day moving average is $15.24. The firm has a market cap of $4.60 billion and a P/E ratio of 17.05.

People’s United Financial (NASDAQ:PBCT) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. On average, analysts predict that People’s United Financial Inc. will post $0.89 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Thursday, July 28th.

Other institutional investors recently made changes to their positions in the company. Quantitative Investment Management LLC raised its position in shares of People’s United Financial by 104.8% in the fourth quarter. Quantitative Investment Management LLC now owns 63,700 shares of the company’s stock worth $1,028,000 after buying an additional 32,600 shares during the last quarter. BOKF NA raised its position in shares of People’s United Financial by 5.2% in the fourth quarter. BOKF NA now owns 93,173 shares of the company’s stock worth $1,505,000 after buying an additional 4,640 shares during the last quarter. Aberdeen Asset Management PLC UK raised its position in shares of People’s United Financial by 37.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 96,769 shares of the company’s stock worth $1,563,000 after buying an additional 26,246 shares during the last quarter. Gulf International Bank UK Ltd raised its position in shares of People’s United Financial by 7.7% in the fourth quarter. Gulf International Bank UK Ltd now owns 97,281 shares of the company’s stock worth $1,571,000 after buying an additional 6,990 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its position in shares of People’s United Financial by 156.5% in the fourth quarter. State of Tennessee Treasury Department now owns 126,195 shares of the company’s stock worth $2,038,000 after buying an additional 76,995 shares during the last quarter.

People’s United Financial, Inc (People’s United) is the bank holding company for People’s United Bank, National Association (the Bank). 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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