People’s United Financial Inc. (NASDAQ:PBCT) shares saw strong trading volume on Friday . 16,119,625 shares traded 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.

A number of equities analysts have commented on the company. FBR & Co reissued a “sell” rating on shares of People’s United Financial in a report on Saturday, April 23rd. Barclays PLC reissued a “sell” rating on shares of People’s United Financial in a report on Saturday, April 23rd. Morgan Stanley cut People’s United Financial from an “equal weight” rating to an “underweight” rating and set a $14.50 target price for the company. in a report on Tuesday, April 5th. Piper Jaffray Cos. cut People’s United Financial from a “neutral” rating to an “underweight” rating and set a $14.00 target price for the company. in a report on Friday, April 22nd. Finally, Zacks Investment Research cut People’s United Financial from a “hold” rating to a “sell” rating in a report on Tuesday, May 31st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. People’s United Financial currently has an average rating of “Hold” and a consensus target price of $15.19.

The firm has a market capitalization of $4.60 billion and a P/E ratio of 17.05. The firm has a 50-day moving average of $15.10 and a 200 day moving average of $15.24.

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

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

A number of large investors have made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in shares of People’s United Financial by 1.2% in the fourth quarter. Nationwide Fund Advisors now owns 134,603 shares of the company’s stock worth $2,174,000 after buying an additional 1,570 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of People’s United Financial by 0.5% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 434,441 shares of the company’s stock worth $7,103,000 after buying an additional 2,034 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of People’s United Financial by 2.3% in the fourth quarter. Advisors Asset Management Inc. now owns 147,679 shares of the company’s stock worth $2,385,000 after buying an additional 3,286 shares in the last quarter. BOKF NA raised its stake 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 in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake 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 in 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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