People’s United Financial, Inc. (PBCT) Director Janet M. Hansen Sells 12,000 Shares

People’s United Financial, Inc. (NASDAQ:PBCT) Director Janet M. Hansen sold 12,000 shares of People’s United Financial stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $17.14, for a total value of $205,680.00. Following the sale, the director now directly owns 145,707 shares in the company, valued at $2,497,417.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of People’s United Financial, Inc. (NASDAQ:PBCT) traded up 0.81% during midday trading on Thursday, reaching $17.47. 1,119,213 shares of the company’s stock traded hands. People’s United Financial, Inc. has a 12 month low of $15.28 and a 12 month high of $20.13. The stock has a market cap of $5.90 billion, a P/E ratio of 19.54 and a beta of 0.82. The stock 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 released its quarterly earnings results on Thursday, July 20th. The bank reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.04). People’s United Financial had a return on equity of 6.14% and a net margin of 18.88%. The firm had revenue of $366.50 million for the quarter, compared to analysts’ expectations of $357.16 million. During the same quarter last year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities research analysts forecast that People’s United Financial, Inc. will post $0.93 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the business. State Street Corp raised its position in People’s United Financial by 6.2% in the second quarter. State Street Corp now owns 39,968,330 shares of the bank’s stock worth $705,843,000 after acquiring an additional 2,316,636 shares during the period. Vanguard Group Inc. raised its position in shares of People’s United Financial by 5.9% in the second quarter. Vanguard Group Inc. now owns 34,847,557 shares of the bank’s stock valued at $615,409,000 after purchasing an additional 1,945,556 shares during the period. BlackRock Inc. raised its position in shares of People’s United Financial by 2,026.9% in the first quarter. BlackRock Inc. now owns 26,740,727 shares of the bank’s stock valued at $486,681,000 after purchasing an additional 25,483,451 shares during the period. Wells Fargo & Company MN raised its position in shares of People’s United Financial by 3.8% in the second quarter. Wells Fargo & Company MN now owns 18,292,829 shares of the bank’s stock valued at $323,050,000 after purchasing an additional 668,225 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of People’s United Financial by 11.1% in the second quarter. Dimensional Fund Advisors LP now owns 9,215,243 shares of the bank’s stock valued at $162,743,000 after purchasing an additional 923,949 shares during the period. 77.28% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised People’s United Financial from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday. Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 target price on shares of People’s United Financial in a research note on Friday, August 18th. Piper Jaffray Companies set a $16.00 target price on shares of People’s United Financial and gave the company a “sell” rating in a research note on Thursday, August 17th. BidaskClub cut shares of People’s United Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of People’s United Financial in a research note on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.38.

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.

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

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