Hancock Whitney Corp raised its holdings in shares of People’s United Financial, Inc. (NASDAQ:PBCT) by 15.8% in the first quarter, Holdings Channel reports. The institutional investor owned 77,677 shares of the bank’s stock after buying an additional 10,622 shares during the quarter. Hancock Whitney Corp’s holdings in People’s United Financial were worth $1,277,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Knott David M bought a new stake in shares of People’s United Financial during the first quarter valued at approximately $25,000. Oppenheimer Asset Management Inc. bought a new stake in shares of People’s United Financial during the fourth quarter valued at approximately $28,000. Oregon Public Employees Retirement Fund increased its position in shares of People’s United Financial by 1,456.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 586,724 shares of the bank’s stock valued at $41,000 after purchasing an additional 549,017 shares during the period. CSat Investment Advisory L.P. increased its position in shares of People’s United Financial by 64.0% during the fourth quarter. CSat Investment Advisory L.P. now owns 2,835 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,106 shares during the period. Finally, JOYN Advisors Inc. increased its position in shares of People’s United Financial by 1,858.3% during the fourth quarter. JOYN Advisors Inc. now owns 3,055 shares of the bank’s stock valued at $44,000 after purchasing an additional 2,899 shares during the period. Institutional investors own 75.85% of the company’s stock.

In other People’s United Financial news, CFO R David Rosato sold 39,250 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $16.20, for a total value of $635,850.00. Following the sale, the chief financial officer now directly owns 137,952 shares in the company, valued at $2,234,822.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark F. Herron sold 4,466 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $17.36, for a total value of $77,529.76. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

A number of analysts have recently issued reports on the company. BidaskClub cut People’s United Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. ValuEngine upgraded People’s United Financial from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Zacks Investment Research upgraded People’s United Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. Finally, FIG Partners cut People’s United Financial from an “outperform” rating to a “market perform” rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.70.

PBCT opened at $16.34 on Friday. The company has a market cap of $6.47 billion, a PE ratio of 12.12, a PEG ratio of 5.93 and a beta of 1.21. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39. People’s United Financial, Inc. has a 1 year low of $13.66 and a 1 year high of $19.00.

People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. The business had revenue of $427.40 million for the quarter, compared to analysts’ expectations of $432.11 million. People’s United Financial had a return on equity of 8.16% and a net margin of 23.64%. During the same period in the previous year, the business posted $1.30 earnings per share. As a group, research analysts predict that People’s United Financial, Inc. will post 1.37 earnings per share for the current year.

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About People’s United Financial

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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Institutional Ownership by Quarter for People`s United Financial (NASDAQ:PBCT)

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