People s United Financial Inc. increased its position in shares of People’s United Financial, Inc. (NASDAQ:PBCT) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,930 shares of the bank’s stock after purchasing an additional 5,137 shares during the period. People s United Financial Inc.’s holdings in People’s United Financial were worth $1,358,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Glassman Wealth Services raised its stake in People’s United Financial by 4,150.7% during the second quarter. Glassman Wealth Services now owns 5,696 shares of the bank’s stock worth $101,000 after purchasing an additional 5,562 shares during the period. Ffcm LLC boosted its holdings in People’s United Financial by 208.3% in the 2nd quarter. Ffcm LLC now owns 6,345 shares of the bank’s stock valued at $114,000 after purchasing an additional 4,287 shares during the last quarter. Federated Investors Inc. PA boosted its holdings in 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 valued at $171,000 after purchasing an additional 80 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in People’s United Financial by 9.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 10,771 shares of the bank’s stock valued at $190,000 after purchasing an additional 968 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in People’s United Financial in the 2nd quarter valued at about $193,000. Hedge funds and other institutional investors own 77.28% of the company’s stock.

TRADEMARK VIOLATION WARNING: “People s United Financial Inc. Has $1.36 Million Position in People’s United Financial, Inc. (PBCT)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/people-s-united-financial-inc-has-1-36-million-position-in-peoples-united-financial-inc-pbct/1605366.html.

In other People’s United Financial news, Director Janet M. Hansen sold 12,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $17.14, for a total transaction of $205,680.00. Following the transaction, the director now owns 145,707 shares of the company’s stock, valued at $2,497,417.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Hoyt sold 6,759 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $17.98, for a total transaction of $121,526.82. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

People’s United Financial, Inc. (PBCT) traded down 0.60% during trading on Tuesday, hitting $18.13. 107,775 shares of the company were exchanged. The company has a 50-day moving average of $17.00 and a 200-day moving average of $17.39. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 20.28 and a beta of 0.84. People’s United Financial, Inc. has a 12 month low of $15.28 and a 12 month high of $20.13.

People’s United Financial (NASDAQ:PBCT) last released its earnings results on Thursday, July 20th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $366.50 million during the quarter, compared to analyst estimates of $357.16 million. During the same period in the prior year, the business posted $0.23 earnings per share. People’s United Financial’s revenue was up 10.0% on a year-over-year basis. Analysts forecast that People’s United Financial, Inc. will post $0.93 EPS for the current year.

Several analysts have recently weighed in on PBCT shares. Zacks Investment Research raised shares of People’s United Financial from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Tuesday, September 5th. Morgan Stanley raised shares of People’s United Financial from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $16.50 to $17.50 in a research report on Monday, June 5th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of People’s United Financial in a research report on Monday, July 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 price objective on shares of People’s United Financial in a report on Friday, August 18th. Finally, BidaskClub upgraded People’s United Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Three research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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.

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

Receive News & Ratings for People's United Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People's United Financial Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.