News articles about People’s United Financial (NASDAQ:PBCT) have trended positive recently, Alpha One Sentiment Analysis reports. The research firm, a unit of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Alpha One ranks coverage of public 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 news sentiment score of 0.39 on Alpha One’s scale. Alpha One also gave media stories about the bank an impact score of 47 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Alpha One’s analysis:
People’s United Financial (PBCT) traded up 3.21% during mid-day trading on Friday, reaching $17.67. The company had a trading volume of 3,220,170 shares. The stock has a 50 day moving average price of $17.19 and a 200-day moving average price of $18.41. The stock has a market capitalization of $5.46 billion, a P/E ratio of 19.25 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 announced its earnings results on Thursday, April 20th. The bank reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The business 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%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. Equities analysts anticipate 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 paid a $0.1725 dividend. This is a positive change from People’s United Financial’s previous quarterly dividend of $0.17. This represents a $0.69 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Thursday, April 27th. People’s United Financial’s dividend payout ratio is currently 73.91%.
A number of research analysts recently commented on PBCT shares. Zacks Investment Research upgraded 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 report on Monday, March 27th. Morgan Stanley upgraded 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 report on Monday, June 5th. They noted that the move was a valuation call. Keefe, Bruyette & Woods restated a “hold” rating on shares of People’s United Financial in a research report on Tuesday, May 9th. Sandler O’Neill raised People’s United Financial from a “sell” rating to a “hold” rating and raised their price objective for the company from $17.00 to $19.50 in a research note on Friday, March 10th. Finally, BidaskClub raised People’s United Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. People’s United Financial presently has an average rating of “Hold” and an average price target of $18.22.
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In other People’s United Financial news, VP Robert E. Trautmann sold 118,836 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $17.08, for a total value of $2,029,718.88. Following the transaction, the vice president now directly owns 70,323 shares in the company, valued at approximately $1,201,116.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jerry Franklin sold 4,520 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $16.72, for a total value of $75,574.40. Following the completion of the transaction, the director now owns 97,249 shares in the company, valued at $1,626,003.28. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.
People’s United Financial Company 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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