Crestline Management LP decreased its holdings in People's United Financial, Inc. (NASDAQ:PBCT) by 20.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,000 shares of the bank’s stock after selling 35,000 shares during the quarter. Crestline Management LP’s holdings in People's United Financial were worth $2,540,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Federated Investors Inc. PA boosted its position in shares of People's United Financial by 0.8% in the 2nd quarter. Federated Investors Inc. PA now owns 9,678 shares of the bank’s stock worth $171,000 after purchasing an additional 80 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of People's United Financial by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,583 shares of the bank’s stock worth $452,000 after purchasing an additional 104 shares in the last quarter. Bingham Osborn & Scarborough LLC boosted its position in shares of People's United Financial by 1.2% in the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 10,982 shares of the bank’s stock worth $194,000 after purchasing an additional 130 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of People's United Financial by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 7,757 shares of the bank’s stock worth $137,000 after purchasing an additional 226 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its position in shares of People's United Financial by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 23,768 shares of the bank’s stock worth $420,000 after purchasing an additional 256 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

In other People's United Financial news, VP David K. Norton sold 108,194 shares of People's United Financial stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $19.22, for a total transaction of $2,079,488.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey J. Tengel sold 173,685 shares of People's United Financial stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $19.32, for a total value of $3,355,594.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 736,338 shares of company stock valued at $14,001,764. 2.70% of the stock is currently owned by insiders.

Shares of People's United Financial, Inc. (NASDAQ:PBCT) opened at $18.84 on Monday. People's United Financial, Inc. has a 52-week low of $15.97 and a 52-week high of $20.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $6,523.38, a PE ratio of 19.63, a price-to-earnings-growth ratio of 9.57 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, topping the Zacks’ consensus estimate of $0.25 by $0.01. People's United Financial had a return on equity of 6.28% and a net margin of 19.32%. The company had revenue of $373.90 million during the quarter, compared to analysts’ expectations of $374.59 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. equities analysts forecast that People's United Financial, Inc. will post 0.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given 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 3.66%. People's United Financial’s dividend payout ratio is currently 75.83%.

A number of research firms have recently weighed in on PBCT. Piper Jaffray Companies set a $16.00 price objective on People's United Financial and gave the stock a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research cut People's United Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Jefferies Group reissued a “hold” rating and issued a $19.00 price objective on shares of People's United Financial in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.19.

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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.

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

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