People’s United Financial Declares Quarterly Dividend of $0.16 (PBCT)
People’s United Financial (NASDAQ:PBCT) announced a quarterly dividend on Thursday, January 17th. Shareholders of record on Friday, February 1st will be paid a dividend of $0.16 per share on Friday, February 15th. This represents a $0.64 annualized dividend and a dividend yield of 5.05%.
PBCT has been the subject of a number of recent research reports. Analysts at Barclays Capital reiterated an “equalweight” rating on shares of People’s United Financial in a research note to investors on Wednesday, January 9th. They now have a $13.00 price target on the stock. On a related note, analysts at Evercore Partners initiated coverage on shares of People’s United Financial in a research note to investors on Thursday, December 20th. They set an “underweight” rating and a $12.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of People’s United Financial in a research note to investors on Monday, November 26th. They now have a $12.00 price target on the stock.
One investment analyst has rated the stock with a buy rating, one has issued an overweight rating, seventeen have issued a hold rating, one has given an underweight rating, and one has given a sell rating to the company. The stock presently has a consensus rating of “hold” and an average target price of $12.53.
Shares of People’s United Financial (PBCT) traded up 0.55% during mid-day trading on Thursday, hitting $12.71. People’s United Financial (PBCT) has a 52 week low of $11.20 and a 52 week high of $13.58. The stock’s 50-day moving average is currently $12.29. The company has a market cap of $4.270 billion and a P/E ratio of 18.75.
People’s United Financial last released its earnings data on Thursday, January 17th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.19. During the same quarter in 2012, the company posted $0.17 earnings per share. Analysts expect that People’s United Financial (PBCT) will post $0.74 EPS for the current fiscal year.
People’s United Financial, Inc. (People’s United Financial) is a savings and loan holding company. The principal business of People’s United Financial is to provide, through People’s United Bank and its subsidiaries, commercial banking, retail and small business banking, and wealth management services to individual, corporate and municipal customers.
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