People's United Financial (PBCT) Receives Media Sentiment Rating of 0.32
Press coverage about People's United Financial (NASDAQ:PBCT) has trended positive on Saturday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. People's United Financial earned a media sentiment score of 0.32 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.7597090269341 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- People’s United Financial, Inc. (NASDAQ:PBCT) Experiences Lighter than Average Trading Volume – First News 24 (firstnewspaper24.com)
- Bank of Montreal Can Boosts Position in People’s United Financial, Inc. (PBCT) (bulhufas.com)
- OppenheimerFunds Inc. Acquires New Position in People’s United Financial, Inc. (PBCT) (lazeresportes.com)
- Head-To-Head Contrast: Ellington Financial (EFC) and People’s United Financial (PBCT) (americanbankingnews.com)
Shares of People's United Financial (PBCT) opened at 16.82 on Friday. The company’s 50-day moving average price is $17.57 and its 200 day moving average price is $17.91. The firm has a market capitalization of $5.68 billion, a PE ratio of 18.77 and a beta of 0.82. People's United Financial has a 12-month low of $15.28 and a 12-month high of $20.13.
People's United Financial (NASDAQ:PBCT) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.04. People's United Financial had a return on equity of 5.07% and a net margin of 18.91%. The business had revenue of $366.50 million during the quarter, compared to analysts’ expectations of $357.16 million. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. On average, equities analysts forecast that People's United Financial will post $0.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a $0.1725 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.69 dividend on an annualized basis and a yield of 4.10%. People's United Financial’s dividend payout ratio is presently 77.53%.
A number of analysts have recently issued reports on PBCT shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of People's United Financial in a research report on Tuesday, May 9th. Morgan Stanley raised People's United Financial from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $16.50 to $17.50 in a research report on Monday, June 5th. They noted that the move was a valuation call. BidaskClub raised People's United Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research cut People's United Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. People's United Financial presently has an average rating of “Hold” and an average price target of $18.25.
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In related news, VP Robert E. Trautmann sold 118,836 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $17.08, for a total value of $2,029,718.88. Following the transaction, the vice president now owns 70,323 shares of the company’s stock, valued at $1,201,116.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Hoyt sold 6,759 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $17.98, for a total value of $121,526.82. The disclosure for this sale can be found here. In the last three months, insiders sold 130,115 shares of company stock worth $2,226,820. 2.70% of the stock is owned by insiders.
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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