People’s United Financial (NASDAQ:PBCT) Earning Somewhat Favorable Press Coverage, Analysis Finds

Media stories about People’s United Financial (NASDAQ:PBCT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. People’s United Financial earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.2832647199594 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of research analysts have commented on PBCT shares. Zacks Investment Research downgraded shares of People’s United Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub downgraded shares of People’s United Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Piper Jaffray Companies reissued a “sell” rating and set a $16.00 target price on shares of People’s United Financial in a research note on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $19.08.

People’s United Financial (NASDAQ PBCT) opened at $18.20 on Thursday. People’s United Financial has a 1 year low of $15.97 and a 1 year high of $20.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $6,329.48, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 9.29 and a beta of 0.85.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a dividend of $0.1725 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.69 dividend on an annualized basis and a yield of 3.79%. People’s United Financial’s dividend payout ratio (DPR) is 75.83%.

In other news, Director Mark W. Richards sold 26,732 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $18.89, for a total transaction of $504,967.48. Following the transaction, the director now directly owns 332,668 shares in the company, valued at approximately $6,284,098.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janet M. Hansen sold 12,000 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $17.14, for a total value of $205,680.00. Following the transaction, the director now owns 145,707 shares in the company, valued at $2,497,417.98. The disclosure for this sale can be found here. Insiders have sold a total of 381,491 shares of company stock worth $7,173,247 in the last three months. 2.70% of the stock is currently owned by insiders.

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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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