Rhumbline Advisers increased its holdings in People's United Financial, Inc. (NASDAQ:PBCT) by 14.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 635,325 shares of the bank’s stock after buying an additional 80,302 shares during the period. Rhumbline Advisers owned 0.18% of People's United Financial worth $11,525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Advisor Group Inc. boosted its holdings in People's United Financial by 5.5% in the 3rd quarter. Advisor Group Inc. now owns 148,241 shares of the bank’s stock worth $2,688,000 after buying an additional 7,712 shares during the period. First National Trust Co. boosted its holdings in People's United Financial by 19.7% in the 3rd quarter. First National Trust Co. now owns 94,953 shares of the bank’s stock worth $1,722,000 after buying an additional 15,598 shares during the period. Toronto Dominion Bank boosted its holdings in People's United Financial by 12.0% in the 3rd quarter. Toronto Dominion Bank now owns 130,619 shares of the bank’s stock worth $2,369,000 after buying an additional 13,979 shares during the period. New York State Common Retirement Fund boosted its holdings in People's United Financial by 0.7% in the 3rd quarter. New York State Common Retirement Fund now owns 867,010 shares of the bank’s stock worth $15,728,000 after buying an additional 5,700 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in People's United Financial by 78.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 227,661 shares of the bank’s stock worth $4,130,000 after buying an additional 100,183 shares during the period. 76.39% of the stock is owned by institutional investors.

People's United Financial, Inc. (PBCT) opened at $18.12 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.72. People's United Financial, Inc. has a fifty-two week low of $15.97 and a fifty-two week high of $20.13. The company has a market cap of $6,301.78, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 9.25 and a beta of 0.85.

People's United Financial (NASDAQ:PBCT) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. People's United Financial had a net margin of 19.32% and a return on equity of 6.28%. The firm had revenue of $373.90 million during the quarter, compared to the consensus estimate of $374.59 million. During the same period last year, the firm earned $0.24 EPS. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. equities research analysts anticipate 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 issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 3.81%. The ex-dividend date was Tuesday, October 31st. People's United Financial’s payout ratio is 75.83%.

In other People's United Financial news, Director Janet M. Hansen sold 12,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $17.14, for a total value of $205,680.00. Following the completion of the transaction, the director now directly owns 145,707 shares of the company’s stock, valued at approximately $2,497,417.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Sara M. Longobardi sold 43,450 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $18.68, for a total transaction of $811,646.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 381,491 shares of company stock valued at $7,173,247. Insiders own 2.70% of the company’s stock.

Several research analysts recently commented on PBCT shares. Zacks Investment Research downgraded shares of People's United Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $16.00 price objective on shares of People's United Financial in a report on Wednesday, October 4th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 price objective on shares of People's United Financial in a report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. People's United Financial has a consensus rating of “Hold” and a consensus price target of $19.08.

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People's United Financial Profile

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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