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Main » Brokers Add To Their Ratings On People's United Financial Inc. (NASDAQ:PBCT)

Brokers Add To Their Ratings On People's United Financial Inc. (NASDAQ:PBCT)

10 June 2017

01/05/2017 - People's United Financial Inc. had its "neutral" rating reiterated by analysts at JP Morgan. FBR Capital upgraded the shares of PBCT in report on Tuesday, December 20 to "Mkt Perform" rating.

12/15/2016 - United Community Banks, Inc. was downgraded to " by analysts at Raymond James. On average, equities research analysts predict that People's United Financial will post $0.95 EPS for the current year. (NASDAQ:PBCT) to report earnings on July, 20.

In terms of People's United Financial, Inc. The bank reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $342.80 million for the quarter, compared to analyst estimates of $336.29 million. During the same period in the prior year, the company earned $0.21 earnings per share. Keefe, Bruyette & Woods reissued a "hold" rating on shares of People's United Financial in a report on Tuesday, May 9th.

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Press coverage about People's United Financial (NASDAQ:PBCT) has been trending somewhat positive this week, Alpha One reports. Zacks Investment Research upgraded shares of People's United Financial from a "hold" rating to a "buy" rating and set a $20.00 price target for the company in a research report on Monday, March 27th.

Among 2 analysts covering Neste Oyj (OTCMKTS:NTOIF), 1 have Buy rating, 0 Sell and 1 Hold. The analysts, on average, are forecasting a $3.67 price target, but the stock is already up 113.89% from its recent lows. (NASDAQ:PBCT) was up +1.78% during the last trading session, with a day high of 17.37. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 18.47 and a beta of 0.83.

Marriott International, Inc. (NASDAQ:MAR), maintained return on investment for the last twelve months at 8.58, higher than what Reuters data shows regarding industry's average. The company recently declared a dividend paid on Monday the 15th of May 2017. Shareholders of record on Monday, May 1st were issued a $0.1725 dividend. The ex-dividend date was set for Thursday the 27th of April 2017. This is a boost from People's United Financial's previous quarterly dividend of $0.17. The company have shares float of 341.89 million. If you are reading this story on another publication, it was illegally stolen and republished in violation of USA & worldwide trademark and copyright law. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks, Inc. with MarketBeat.com's FREE daily email newsletter.

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In related news, Director Jerry Franklin sold 4,520 shares of the firm's stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $16.72, for a total value of $75,574.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The shares were sold at an average price of $17.08, for a total transaction of $2,029,718.88. Following the completion of the transaction, the vice president now owns 276,891 shares of the company's stock, valued at $5,327,382.84.

A number of hedge funds and other institutional investors have recently made changes to their positions in PBCT. Investors who are keeping close eye on the stock of People's United Financial, Inc. Daiwa Securities Group Inc. boosted its position in People's United Financial by 19.2% in the first quarter. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. Federated Investors Inc. PA purchased a new position in shares of People's United Financial during the fourth quarter worth approximately $184,000. Wells Fargo & Company MN increased its stake in shares of People's United Financial by 10.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,076 shares of the bank's stock worth $137,000 after buying an additional 394 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its position in shares of People's United Financial by 6.5% in the first quarter.

Bank of the Ozarks, Inc. BlackRock Inc. now owns 26,740,727 shares of the bank's stock valued at $486,681,000 after buying an additional 25,483,451 shares during the period. It also offers cash management, correspondent banking, municipal banking, institutional trust services, corporate trust, insurance services and private banking, among others. The Company operates through two segments: Commercial Banking and Retail Banking.

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