Private Capital Management LLC cut its stake in shares of People’s United Financial, Inc. (NASDAQ:PBCT) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,855 shares of the bank’s stock after selling 4,394 shares during the quarter. Private Capital Management LLC’s holdings in People’s United Financial were worth $606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Knott David M bought a new stake in shares of People’s United Financial during the 1st quarter worth $25,000. Oppenheimer Asset Management Inc. bought a new stake in shares of People’s United Financial during the 4th quarter worth $28,000. CSat Investment Advisory L.P. boosted its stake in shares of People’s United Financial by 64.0% during the 4th quarter. CSat Investment Advisory L.P. now owns 2,835 shares of the bank’s stock worth $41,000 after acquiring an additional 1,106 shares in the last quarter. Huntington National Bank bought a new stake in shares of People’s United Financial during the 1st quarter worth $47,000. Finally, Parallel Advisors LLC boosted its stake in shares of People’s United Financial by 125.9% during the 1st quarter. Parallel Advisors LLC now owns 2,955 shares of the bank’s stock worth $49,000 after acquiring an additional 1,647 shares in the last quarter. 75.85% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on PBCT. BidaskClub lowered People’s United Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. ValuEngine lowered People’s United Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Zacks Investment Research raised People’s United Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Finally, FIG Partners lowered People’s United Financial from an “outperform” rating to a “market perform” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $19.70.

Shares of PBCT traded down $0.02 during trading hours on Friday, hitting $16.22. 44,075 shares of the company were exchanged, compared to its average volume of 2,605,098. The firm has a market cap of $6.44 billion, a PE ratio of 12.35, a P/E/G ratio of 5.91 and a beta of 1.21. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.39. People’s United Financial, Inc. has a one year low of $13.66 and a one year high of $19.03.

People’s United Financial (NASDAQ:PBCT) last issued its earnings results on Thursday, April 18th. The bank reported $0.33 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The business had revenue of $427.40 million during the quarter, compared to analysts’ expectations of $432.11 million. People’s United Financial had a return on equity of 8.16% and a net margin of 23.64%. During the same quarter last year, the firm posted $1.30 earnings per share. On average, equities research analysts anticipate that People’s United Financial, Inc. will post 1.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were given a $0.1775 dividend. This represents a $0.71 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Tuesday, April 30th. This is a boost from People’s United Financial’s previous quarterly dividend of $0.18. People’s United Financial’s dividend payout ratio (DPR) is 54.20%.

In other news, insider Mark F. Herron sold 4,466 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $17.36, for a total value of $77,529.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

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

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