News stories about People’s United Financial (NASDAQ:PBCT) have trended positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. People’s United Financial earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.8065631293609 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 headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Analysts Expect People’s United Financial, Inc. (PBCT) Will Post Earnings of $0.26 Per Share (americanbankingnews.com)
- Financial Analysis: People’s United Financial (PBCT) versus Its Competitors (americanbankingnews.com)
- How much should pay for $1 Earnings? On People’s United Financial, Inc. (PBCT) – Street Observer (press release) (streetobserver.com)
- Analysts Set Expectations for People’s United Financial, Inc.’s Q1 2018 Earnings (PBCT) (americanbankingnews.com)
- Comprehensive Stock Analysis: People’s United Financial Inc (NASDAQ: PBCT) – Alpha Beta Stock (alphabetastock.com)
Several equities research analysts recently weighed in on PBCT shares. Zacks Investment Research upgraded People’s United Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Piper Jaffray Companies reaffirmed 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. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price target on shares of People’s United Financial in a research report on Friday, August 18th. BidaskClub lowered People’s United Financial from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of People’s United Financial in a report on Monday, July 10th. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.75.
Shares of People’s United Financial (NASDAQ PBCT) opened at 18.28 on Tuesday. The firm has a market cap of $6.17 billion, a PE ratio of 20.45 and a beta of 0.84. The stock has a 50 day moving average price of $17.37 and a 200 day moving average price of $17.39. People’s United Financial has a 12 month low of $15.38 and a 12 month high of $20.13.
People’s United Financial (NASDAQ:PBCT) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.04). People’s United Financial had a return on equity of 6.14% and a net margin of 18.88%. The business had revenue of $366.50 million for the quarter, compared to analyst estimates of $357.16 million. During the same quarter in the prior year, the company earned $0.23 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, equities research analysts expect that People’s United Financial will post $0.93 EPS for the current year.
In other People’s United Financial news, insider Jeffrey Hoyt sold 6,759 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Janet M. Hansen sold 12,000 shares of the 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 $2,497,417.98. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.
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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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