People's United Financial, Inc. (NASDAQ:PBCT) Director John K. Dwight sold 56,928 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $19.08, for a total transaction of $1,086,186.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of People's United Financial, Inc. (PBCT) traded down $0.11 during trading on Friday, hitting $18.91. 4,150,000 shares of the company were exchanged, compared to its average volume of 2,197,844. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $6,585.71, a price-to-earnings ratio of 19.81, a P/E/G ratio of 9.66 and a beta of 0.85. People's United Financial, Inc. has a fifty-two week low of $15.97 and a fifty-two week high of $20.13.

People's United Financial (NASDAQ:PBCT) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $373.90 million during the quarter, compared to analyst estimates of $374.59 million. People's United Financial had a net margin of 19.32% and a return on equity of 6.28%. People's United Financial’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share. equities analysts anticipate that People's United Financial, Inc. will post 0.98 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Tuesday, October 31st. People's United Financial’s dividend payout ratio is currently 75.83%.

Several research firms have recently weighed in on PBCT. Zacks Investment Research lowered shares of People's United Financial from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Piper Jaffray Companies reaffirmed a “sell” rating and set a $17.00 price objective on shares of People's United Financial in a report on Sunday, October 22nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. People's United Financial presently has an average rating of “Hold” and an average price target of $19.08.

Institutional investors have recently modified their holdings of the stock. Crawford Investment Counsel Inc. increased its holdings in shares of People's United Financial by 7.8% in the second quarter. Crawford Investment Counsel Inc. now owns 2,882,016 shares of the bank’s stock valued at $50,896,000 after purchasing an additional 207,716 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of People's United Financial by 7.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,083,768 shares of the bank’s stock valued at $19,139,000 after purchasing an additional 72,489 shares in the last quarter. Capital Advisors Inc. OK increased its holdings in shares of People's United Financial by 4.3% in the second quarter. Capital Advisors Inc. OK now owns 694,082 shares of the bank’s stock valued at $12,257,000 after purchasing an additional 28,878 shares in the last quarter. Bank of Hawaii acquired a new stake in shares of People's United Financial in the third quarter valued at approximately $818,000. Finally, Pacer Advisors Inc. increased its holdings in shares of People's United Financial by 23.6% in the second quarter. Pacer Advisors Inc. now owns 50,410 shares of the bank’s stock valued at $890,000 after purchasing an additional 9,641 shares in the last quarter. 75.68% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for People's United Financial (NASDAQ:PBCT)

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