Barclays upgraded shares of People’s United Financial (NASDAQ:PBCT) from an underweight rating to an equal weight rating in a research note released on Thursday morning, Marketbeat.com reports. They currently have $18.00 price target on the bank’s stock.

Several other equities research analysts also recently weighed in on PBCT. BidaskClub raised shares of People’s United Financial from a sell rating to a hold rating in a report on Friday, January 4th. Zacks Investment Research raised shares of People’s United Financial from a hold rating to a buy rating and set a $19.00 price objective for the company in a report on Tuesday, October 9th. Wells Fargo & Co reaffirmed a hold rating on shares of People’s United Financial in a report on Thursday, January 3rd. FIG Partners began coverage on shares of People’s United Financial in a report on Thursday, December 20th. They issued an outperform rating for the company. Finally, ValuEngine downgraded shares of People’s United Financial from a hold rating to a sell rating in a report on Tuesday, September 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $19.93.

PBCT stock opened at $15.21 on Thursday. The stock has a market capitalization of $5.69 billion, a P/E ratio of 14.63, a P/E/G ratio of 5.31 and a beta of 1.06. People’s United Financial has a fifty-two week low of $13.66 and a fifty-two week high of $20.26. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.95 and a quick ratio of 0.95.

People’s United Financial (NASDAQ:PBCT) last posted its quarterly earnings data on Thursday, October 18th. The bank reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. The business had revenue of $398.70 million during the quarter, compared to the consensus estimate of $404.65 million. People’s United Financial had a net margin of 23.98% and a return on equity of 7.94%. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, analysts anticipate that People’s United Financial will post 1.29 EPS for the current fiscal year.

In other People’s United Financial news, VP David K. Norton sold 32,163 shares of the business’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $14.89, for a total value of $478,907.07. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in People’s United Financial by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 37,208,597 shares of the bank’s stock worth $637,012,000 after buying an additional 582,938 shares during the period. Vanguard Group Inc raised its holdings in People’s United Financial by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 37,208,597 shares of the bank’s stock worth $637,012,000 after buying an additional 582,938 shares during the period. BlackRock Inc. raised its holdings in People’s United Financial by 0.3% during the 3rd quarter. BlackRock Inc. now owns 32,317,685 shares of the bank’s stock worth $553,280,000 after buying an additional 104,037 shares during the period. Crawford Investment Counsel Inc. raised its holdings in People’s United Financial by 2.7% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 3,375,377 shares of the bank’s stock worth $57,786,000 after buying an additional 87,863 shares during the period. Finally, Alps Advisors Inc. raised its holdings in People’s United Financial by 6.4% during the 3rd quarter. Alps Advisors Inc. now owns 2,677,953 shares of the bank’s stock worth $45,847,000 after buying an additional 160,452 shares during the period. Hedge funds and other institutional investors own 73.52% of the company’s stock.

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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Analyst Recommendations for People`s United Financial (NASDAQ:PBCT)

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