Orion Portfolio Solutions LLC bought a new position in shares of People’s United Financial, Inc. (NASDAQ:PBCT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,950 shares of the bank’s stock, valued at approximately $151,000.

Several other institutional investors have also added to or reduced their stakes in PBCT. Allred Capital Management LLC purchased a new stake in shares of People’s United Financial in the fourth quarter valued at about $30,000. Atlas Private Wealth Management purchased a new stake in shares of People’s United Financial in the fourth quarter valued at about $36,000. Raab & Moskowitz Asset Management LLC purchased a new stake in shares of People’s United Financial in the fourth quarter valued at about $40,000. Carmichael Hill & Associates Inc. purchased a new stake in shares of People’s United Financial in the fourth quarter valued at about $48,000. Finally, Quantbot Technologies LP purchased a new stake in shares of People’s United Financial in the fourth quarter valued at about $69,000. 76.02% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. BidaskClub raised shares of People’s United Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Raymond James assumed coverage on shares of People’s United Financial in a research note on Tuesday, November 26th. They set a “market perform” rating for the company. Morgan Stanley lowered their target price on shares of People’s United Financial from $16.00 to $15.50 and set an “equal weight” rating for the company in a research note on Tuesday, March 17th. Stephens lowered their target price on shares of People’s United Financial from $16.00 to $15.50 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, DA Davidson lowered shares of People’s United Financial from a “buy” rating to a “neutral” rating and set a $17.50 target price for the company. in a research note on Friday, January 17th. Nine equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $16.30.

In other People’s United Financial news, CFO R David Rosato purchased 2,000 shares of People’s United Financial stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $22.54 per share, with a total value of $45,080.00. Following the completion of the transaction, the chief financial officer now owns 2,000 shares of the company’s stock, valued at $45,080. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

PBCT stock traded down $0.47 during mid-day trading on Wednesday, hitting $11.02. 16,056,314 shares of the company were exchanged, compared to its average volume of 4,993,254. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $4.64 billion, a P/E ratio of 8.68, a PEG ratio of 4.08 and a beta of 1.24. The business has a fifty day simple moving average of $14.52 and a 200-day simple moving average of $15.80. People’s United Financial, Inc. has a 12-month low of $10.40 and a 12-month high of $17.66.

People’s United Financial (NASDAQ:PBCT) last issued its quarterly earnings results on Thursday, January 16th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The business had revenue of $506.90 million for the quarter, compared to analysts’ expectations of $487.75 million. People’s United Financial had a net margin of 22.51% and a return on equity of 8.16%. During the same quarter in the prior year, the company earned $0.35 earnings per share. Research analysts predict that People’s United Financial, Inc. will post 1.31 EPS for the current year.

People’s United Financial Company Profile

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

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