FIG Partners downgraded shares of People’s United Financial (NASDAQ:PBCT) from an outperform rating to a market perform rating in a research report sent to investors on Monday, BenzingaRatingsTable reports.

Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of People’s United Financial from a hold rating to a buy rating in a research note on Friday, January 25th. Barclays upgraded shares of People’s United Financial from an underweight rating to an equal weight rating and set a $18.00 price target for the company in a research note on Thursday, January 10th. Wells Fargo & Co restated a hold rating on shares of People’s United Financial in a research note on Thursday, January 3rd. ValuEngine upgraded shares of People’s United Financial from a sell rating to a hold rating in a research note on Saturday, January 19th. Finally, Zacks Investment Research upgraded shares of People’s United Financial from a sell rating to a hold rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. People’s United Financial currently has an average rating of Hold and a consensus target price of $19.70.

NASDAQ PBCT opened at $16.64 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. People’s United Financial has a twelve month low of $13.66 and a twelve month high of $19.37. The stock has a market capitalization of $6.38 billion, a P/E ratio of 12.70, a P/E/G ratio of 6.15 and a beta of 1.16.

People’s United Financial (NASDAQ:PBCT) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. The firm had revenue of $427.40 million during the quarter, compared to analysts’ expectations of $432.11 million. People’s United Financial had a net margin of 23.64% and a return on equity of 8.33%. During the same quarter last year, the company earned $1.30 earnings per share. As a group, sell-side analysts anticipate that People’s United Financial will post 1.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.1775 per share. This is a boost from People’s United Financial’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, April 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.27%. People’s United Financial’s dividend payout ratio (DPR) is currently 53.44%.

In other news, Director Mark W. Richards sold 6,800 shares of the firm’s stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $16.43, for a total transaction of $111,724.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jerry Franklin sold 4,800 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $17.99, for a total transaction of $86,352.00. Following the sale, the director now directly owns 93,317 shares of the company’s stock, valued at approximately $1,678,772.83. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,219 shares of company stock valued at $2,932,690. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of PBCT. BlackRock Inc. increased its holdings in shares of People’s United Financial by 9.6% during the fourth quarter. BlackRock Inc. now owns 35,412,815 shares of the bank’s stock worth $511,006,000 after buying an additional 3,095,130 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of People’s United Financial by 224.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,222,670 shares of the bank’s stock worth $46,503,000 after buying an additional 2,228,618 shares in the last quarter. Norges Bank acquired a new stake in shares of People’s United Financial during the fourth quarter worth approximately $31,996,000. AMF Pensionsforsakring AB acquired a new stake in shares of People’s United Financial during the fourth quarter worth approximately $30,116,000. Finally, Deutsche Bank AG increased its holdings in shares of People’s United Financial by 55.2% during the fourth quarter. Deutsche Bank AG now owns 2,739,987 shares of the bank’s stock worth $39,533,000 after buying an additional 974,922 shares in the last quarter. 77.28% of the stock is owned by institutional investors.

About People’s United Financial

People's United Financial, Inc operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking.

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Analyst Recommendations for People`s United Financial (NASDAQ:PBCT)

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