People’s United Financial (PBCT) Getting Somewhat Positive Media Coverage, Analysis Finds
Media headlines about People’s United Financial (NASDAQ:PBCT) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. People’s United Financial earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.5487683795755 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- People’s United Financial, Inc. Names Jane Chwick to Board of Directors – PR Newswire (press release) (prnewswire.com)
- BRIEF-People’s United Financial, Inc. Names Jane Chwick to board of directors (reuters.com)
- People’s United Financial, Inc. : Names Jane Chwick to Board of Directors (4-traders.com)
- People’s United Financial, Inc. breached its 50 day moving average in a Bullish Manner : PBCT-US : September 20, 2017 (finance.yahoo.com)
- People’s United Financial, Inc. (PBCT) Director Sells $205,680.00 in Stock (americanbankingnews.com)
PBCT has been the subject of several research analyst reports. BidaskClub downgraded shares of People’s United Financial from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Morgan Stanley raised shares of People’s United Financial from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $16.50 to $17.50 in a report on Monday, June 5th. They noted that the move was a valuation call. Zacks Investment Research raised shares of People’s United Financial from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, September 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of People’s United Financial in a report on Monday, July 10th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 price objective on shares of People’s United Financial in a report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.38.
Shares of People’s United Financial (NASDAQ PBCT) opened at 17.48 on Tuesday. People’s United Financial has a 12 month low of $15.28 and a 12 month high of $20.13. The company has a market capitalization of $5.90 billion, a PE ratio of 19.55 and a beta of 0.82. The firm has a 50-day moving average of $16.90 and a 200 day moving average of $17.47.
People’s United Financial (NASDAQ:PBCT) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). The firm had revenue of $366.50 million during the quarter, compared to the consensus estimate of $357.16 million. People’s United Financial had a net margin of 18.88% and a return on equity of 6.14%. People’s United Financial’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS. On average, equities research analysts expect that People’s United Financial will post $0.93 earnings per share for the current fiscal year.
In other People’s United Financial news, Director Janet M. Hansen sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $17.14, for a total transaction of $205,680.00. Following the transaction, the director now owns 145,707 shares in the company, valued at $2,497,417.98. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey Hoyt sold 6,759 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was 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. 2.70% of the stock is currently owned by company insiders.
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About People’s United Financial
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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