Orleans Capital Management Corp LA raised its position in shares of People’s United Financial, Inc. (NASDAQ:PBCT) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,367 shares of the bank’s stock after purchasing an additional 75 shares during the period. Orleans Capital Management Corp LA’s holdings in People’s United Financial were worth $1,525,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Glassman Wealth Services raised its position in shares of People’s United Financial by 4,150.7% during the 2nd quarter. Glassman Wealth Services now owns 5,696 shares of the bank’s stock worth $101,000 after buying an additional 5,562 shares in the last quarter. Ffcm LLC raised its position in shares of People’s United Financial by 208.3% during the 2nd quarter. Ffcm LLC now owns 6,345 shares of the bank’s stock worth $114,000 after buying an additional 4,287 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of People’s United Financial by 0.8% during the 2nd quarter. Federated Investors Inc. PA now owns 9,678 shares of the bank’s stock worth $171,000 after buying an additional 80 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of People’s United Financial by 9.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 10,771 shares of the bank’s stock worth $190,000 after buying an additional 968 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of People’s United Financial during the 2nd quarter worth about $193,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

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In other news, insider Jeffrey Hoyt sold 6,759 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $17.98, for a total value of $121,526.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Janet M. Hansen sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $17.14, for a total transaction of $205,680.00. Following the completion of the transaction, the director now directly owns 145,707 shares in the company, valued at approximately $2,497,417.98. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of People’s United Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Piper Jaffray Companies restated a “sell” rating and set a $16.00 price target on shares of People’s United Financial in a research report on Wednesday, October 4th. Keefe, Bruyette & Woods restated a “hold” rating on shares of People’s United Financial in a research report on Monday, July 10th. Morgan Stanley restated an “equal weight” rating and set a $17.75 price target (up from $17.50) on shares of People’s United Financial in a research report on Friday, July 7th. Finally, BidaskClub upgraded shares of People’s United Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.75.

People’s United Financial, Inc. (NASDAQ PBCT) traded up 0.016% during mid-day trading on Friday, hitting $18.283. 959,121 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $17.31 and a 200 day moving average of $17.40. The stock has a market capitalization of $6.17 billion, a P/E ratio of 20.451 and a beta of 0.84. People’s United Financial, Inc. has a 52 week low of $15.38 and a 52 week high of $20.13.

People’s United Financial (NASDAQ:PBCT) last issued its earnings results on Thursday, July 20th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). The business had revenue of $366.50 million during the quarter, compared to the consensus estimate of $357.16 million. People’s United Financial had a net margin of 18.88% and a return on equity of 6.14%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.23 EPS. Equities analysts forecast that People’s United Financial, Inc. will post $0.93 earnings per share for the current fiscal year.

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.

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

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