Media coverage about People’s United Financial (NASDAQ:PBCT) has trended positive this week, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. People’s United Financial earned a media sentiment score of 0.32 on AlphaOne’s scale. AlphaOne also assigned media headlines about the bank an impact score of 35 out of 100, meaning that recent press coverage is unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted AlphaOne’s scoring:
Several research firms have recently issued reports on PBCT. Sandler O’Neill upgraded shares of People’s United Financial from a “sell” rating to a “hold” rating and raised their target price for the stock from $17.00 to $19.50 in a report on Friday, March 10th. Zacks Investment Research raised shares of People’s United Financial from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Monday, March 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 price target on shares of People’s United Financial in a research note on Thursday, April 6th. Finally, Morgan Stanley raised shares of People’s United Financial from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $16.50 to $17.50 in a research note on Monday. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.22.
People’s United Financial (PBCT) opened at 16.82 on Thursday. The stock has a 50 day moving average of $17.20 and a 200-day moving average of $18.42. The stock has a market cap of $5.22 billion, a P/E ratio of 18.14 and a beta of 0.83. People’s United Financial has a 12 month low of $13.80 and a 12 month high of $20.13.
People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings results on Thursday, April 20th. The bank reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $342.80 million for the quarter, compared to analyst estimates of $336.29 million. People’s United Financial had a return on equity of 5.86% and a net margin of 19.12%. People’s United Financial’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. On average, equities analysts forecast that People’s United Financial will post $0.95 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were given a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.10%. This is a positive change from People’s United Financial’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, April 27th. People’s United Financial’s dividend payout ratio is presently 73.91%.
In other People’s United Financial news, Director Jerry Franklin sold 4,520 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $16.72, for a total value of $75,574.40. Following the transaction, the director now directly owns 97,249 shares of the company’s stock, valued at approximately $1,626,003.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.
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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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