The stock of People’s United Financial, Inc. (NASDAQ:PBCT) is a huge mover today! About 604,272 shares traded hands. People’s United Financial, Inc. (NASDAQ:PBCT) has risen 2.65% since March 8, 2016 and is uptrending. It has underperformed by 6.67% the S&P500.
The move comes after 9 months positive chart setup for the $4.93B company. It was reported on Oct, 11 by Barchart.com. We have $26.02 PT which if reached, will make NASDAQ:PBCT worth $3.20B more.
Analysts await People’s United Financial, Inc. (NASDAQ:PBCT) to report earnings on October, 20. They expect $0.23 EPS, 0.00% or $0.00 from last year’s $0.23 per share. PBCT’s profit will be $71.86 million for 17.15 P/E if the $0.23 EPS becomes a reality. After $0.23 actual EPS reported by People’s United Financial, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
People’s United Financial, Inc. (NASDAQ:PBCT) Ratings Coverage
Out of 4 analysts covering People’s United Financial Inc (NASDAQ:PBCT), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. People’s United Financial Inc has been the topic of 7 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, January 25 by Piper Jaffray. As per Tuesday, April 5, the company rating was downgraded by Morgan Stanley. The rating was upgraded by Piper Jaffray to “Neutral” on Wednesday, June 29.
According to Zacks Investment Research, “People’s Bank is a diversified financial services company providing consumer and commercial banking services, in addition to insurance, trust and financial advisory services. Through its subsidiaries, People’s provides brokerage and financial advisory services, asset management, equipment financing and insurance services.”
Insitutional Activity: The institutional sentiment increased to 1.42 in Q2 2016. Its up 0.43, from 0.99 in 2016Q1. The ratio increased, as 28 funds sold all People’s United Financial, Inc. shares owned while 106 reduced positions. 50 funds bought stakes while 140 increased positions. They now own 235.50 million shares or 1.19% less from 238.33 million shares in 2016Q1.
Mackenzie Fincl reported 345,957 shares or 0.03% of all its holdings. The California-based Private Mngmt has invested 0.42% in People’s United Financial, Inc. (NASDAQ:PBCT). Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys has 24,890 shares for 0.01% of their US portfolio. Canada Pension Plan Investment Board, a Ontario – Canada-based fund reported 10 shares. Advsr Incorporated Ok accumulated 0% or 742,885 shares. Visionary Asset Mgmt holds 165,039 shares or 0.86% of its portfolio. Amer And has 3,000 shares for 0.02% of their US portfolio. Parametric Port Ltd holds 1.14M shares or 0.03% of its portfolio. Knott David M reported 1,500 shares or 0% of all its holdings. Moreover, Credit Agricole S A has 0% invested in People’s United Financial, Inc. (NASDAQ:PBCT) for 70,988 shares. Neville Rodie & Shaw Incorporated, a New York-based fund reported 23,513 shares. Geode Mngmt Llc holds 0.02% or 2.70 million shares in its portfolio. State Board Of Administration Of Florida Retirement Sys accumulated 0.02% or 494,704 shares. The Illinois-based Botty Invsts Lc has invested 0.22% in People’s United Financial, Inc. (NASDAQ:PBCT). Bokf Na holds 0.04% or 80,644 shares in its portfolio.
Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 3 insider sales for $3.85 million net activity. Trautmann Robert E also sold $738,504 worth of People’s United Financial, Inc. (NASDAQ:PBCT) shares. The insider NORTON DAVID K sold 15,495 shares worth $248,695.
PBCT Company Profile
People’s United Financial, Inc. (People’s United), incorporated on February 11, 2006, is the bank holding firm for People’s United Bank, National Association (the Bank). The Bank is a national banking association. The principal business of the Company is to provide commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company’s divisions include Commercial Banking, Retail Banking, Wealth Management, Treasury and Other. The Treasury area manages the Company’s securities portfolio, short-term investments, brokered deposits and wholesale borrowings. The Company’s traditional banking activities are conducted primarily within New England and southeastern New York, and include extending secured and unsecured commercial and consumer loans, originating mortgage loans secured by residential and commercial properties, and accepting consumer, commercial and municipal deposits. In addition to traditional banking activities, the Bank provides specialized financial services, such as personal, institutional and employee benefit trust; cash management, and municipal banking and finance. The Bank offers brokerage, financial advisory services, investment management services and life insurance through People’s Securities, Inc. (PSI); equipment financing through People’s Capital and Leasing Corp. (PCLC) and People’s United Equipment Finance Corp. (PUEFC), and other insurance services through People’s United Insurance Agency, Inc. (PUIA).
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