Opinion

People’s United Financial, Inc. (NASDAQ:PBCT) Assigned A Consensus Hold Rating

People’s United Financial, Inc. (NASDAQ:PBCT) stock is presently standing at about $18.98 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 9 analysts covering the company is $19.00, which suggests the stock could still rise over 0 percent. The highest analyst price target is $20.50, which implies a rally of 92 percent. And a quick view of analyst notes show that 0 are rating the stock a buy while 0 rate PBCT a strong buy. There are 8 equity research firms advocating a Hold and 0 consider it Sell.

Sandler O’Neill analysts provided their view on People’s United Financial, Inc. (NASDAQ:PBCT) recently. The rating firm issued a Hold rating to this company in a research note released on Mar 10, 2017. Wells Fargo analysts disclosed their opinion on People’s United Financial, Inc. (NASDAQ:PBCT) recently. The rating firm gave a Market Perform rating to this stock in a research note published on Jan 06, 2017. According to a research note disclosed on Dec 20, 2016, analysts at FBR & Co. have upped their rating on these shares from Underperform to Mkt Perform.

People’s United Financial, Inc. (NASDAQ:PBCT) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Sr Ex VP, Gen Cnsl & Secretary Trautmann Robert E sold 53,900 company shares for 1034880, in a transaction on 2017-03-07. Following the transaction, the Sr Ex VP, Gen Cnsl & Secretary is left with a stake of 80,554 shares, currently valued at $1528915. Meanwhile, Sr Ex VP & Chief HR Offcr NORTON DAVID K sold 149,965 shares worth $2885330, through a transaction dated 2017-03-07. Following the completion of the transaction, the insider is left with a stake of 126,926 shares, amounting $2409055.48. PBCT Sr. Executive Vice President Daukas Galan G also sold 9,143 shares, at a stock price of $19.21. This transaction occurred on 2017-03-07 totals $175640. After this transaction, the insider’s stake stands at 41,669 shares, with a market value of $790878.

Executives hold 2.22 percent of the stock. John A. Klein is one of the biggest insider owners in People’s United Financial, Inc. (NASDAQ:PBCT), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,316,532 shares which have current market value of around $24987777.36.Philip R. Sherringham is another major inside shareholder in the company. The insider owns 552,881 shares as of 0.17%, currently worth $10493681.38. Robert R. D’Amore is ranked as third insider holder of the stock. This insider holds 493,383 shares with a market value around $9364409.34 as of recent close.

People’s United Financial, Inc. (NASDAQ:PBCT) Earnings Outlook

In People’s United Financial, Inc. (NASDAQ:PBCT)’s latest quarter, EPS moved to $0.24 from $0.25 in preceding quarter and revenues reached at $331.00M compared to $336.10M. Analysts had expected People’s United Financial, Inc. (NASDAQ:PBCT) to post net income of about $0.24 per share on $341.37M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.21 to $0.23. That is compared with the $0.21 in EPS it reported during the same period a year ago.

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