People’s United Financial (PBCT) – Investment Analysts’ Recent Ratings Changes
Several analysts have recently updated their ratings and price targets for People’s United Financial (NASDAQ: PBCT):
- 1/11/2019 – People’s United Financial was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
- 1/10/2019 – People’s United Financial was upgraded by analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating. They now have a $18.00 price target on the stock.
- 1/4/2019 – People’s United Financial was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
- 1/3/2019 – People’s United Financial had its “hold” rating reaffirmed by analysts at Wells Fargo & Co.
- 12/20/2018 – People’s United Financial is now covered by analysts at FIG Partners. They set an “outperform” rating on the stock.
Shares of PBCT traded up $0.04 during midday trading on Monday, hitting $15.25. 18,775 shares of the company’s stock traded hands, compared to its average volume of 4,223,035. People’s United Financial, Inc. has a 1 year low of $13.66 and a 1 year high of $20.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.57. The firm has a market cap of $5.69 billion, a PE ratio of 14.66, a P/E/G ratio of 5.31 and a beta of 1.06.
People’s United Financial (NASDAQ:PBCT) last released its earnings results on Thursday, October 18th. The bank reported $0.33 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.33. The business had revenue of $398.70 million for the quarter, compared to analyst estimates of $404.65 million. People’s United Financial had a net margin of 23.98% and a return on equity of 7.94%. During the same period last year, the company posted $0.26 EPS. As a group, research analysts forecast that People’s United Financial, Inc. will post 1.29 EPS for the current year.
Several large investors have recently made changes to their positions in PBCT. Private Advisor Group LLC boosted its position in People’s United Financial by 46.9% during the third quarter. Private Advisor Group LLC now owns 29,812 shares of the bank’s stock worth $510,000 after acquiring an additional 9,522 shares during the last quarter. Old Port Advisors purchased a new position in People’s United Financial during the second quarter worth approximately $3,056,000. State of Alaska Department of Revenue raised its stake in People’s United Financial by 7.4% during the third quarter. State of Alaska Department of Revenue now owns 117,270 shares of the bank’s stock worth $2,006,000 after purchasing an additional 8,066 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in People’s United Financial during the third quarter worth approximately $299,000. Finally, Commerce Bank raised its stake in People’s United Financial by 6.8% during the third quarter. Commerce Bank now owns 150,930 shares of the bank’s stock worth $2,584,000 after purchasing an additional 9,550 shares during the period. 73.52% of the stock is owned by institutional investors and hedge funds.
People's United Financial, Inc operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking.
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