Stock Traders Purchase Large Volume of People’s United Financial Call Options (NASDAQ:PBCT)

People’s United Financial, Inc. (NASDAQ:PBCT) was the target of unusually large options trading on Monday. Stock traders purchased 5,355 call options on the stock. This represents an increase of approximately 2,188% compared to the typical daily volume of 234 call options.

In related news, CFO R David Rosato sold 39,250 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $16.20, for a total transaction of $635,850.00. Following the sale, the chief financial officer now owns 137,952 shares in the company, valued at $2,234,822.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of People’s United Financial by 9.7% in the fourth quarter. Geode Capital Management LLC now owns 5,871,742 shares of the bank’s stock valued at $84,598,000 after purchasing an additional 517,455 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in People’s United Financial by 6.8% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 36,024 shares of the bank’s stock worth $592,000 after buying an additional 2,282 shares in the last quarter. Trilogy Capital Inc. grew its position in People’s United Financial by 6.4% during the second quarter. Trilogy Capital Inc. now owns 37,216 shares of the bank’s stock worth $618,000 after buying an additional 2,243 shares in the last quarter. Duality Advisers LP acquired a new stake in People’s United Financial during the first quarter worth approximately $6,209,000. Finally, Unigestion Holding SA grew its position in People’s United Financial by 4.3% during the second quarter. Unigestion Holding SA now owns 1,900,462 shares of the bank’s stock worth $31,890,000 after buying an additional 78,220 shares in the last quarter. 75.48% of the stock is currently owned by institutional investors.



Several research firms have issued reports on PBCT. FIG Partners lowered People’s United Financial from an “outperform” rating to a “market perform” rating in a research note on Monday, April 22nd. ValuEngine lowered People’s United Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Finally, BidaskClub lowered People’s United Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. People’s United Financial currently has a consensus rating of “Hold” and a consensus price target of $18.67.

NASDAQ:PBCT traded up $0.13 on Tuesday, hitting $14.84. The company’s stock had a trading volume of 3,399,019 shares, compared to its average volume of 3,583,349. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a fifty day moving average of $16.26. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 5.71 and a beta of 1.21. People’s United Financial has a one year low of $13.66 and a one year high of $19.00.

People’s United Financial (NASDAQ:PBCT) last posted its earnings results on Thursday, July 18th. The bank reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. People’s United Financial had a return on equity of 8.21% and a net margin of 23.51%. The company had revenue of $454.40 million for the quarter, compared to the consensus estimate of $448.83 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, equities research analysts anticipate that People’s United Financial will post 1.34 EPS for the current fiscal year.

People’s United Financial declared that its board has approved a stock repurchase plan on Thursday, July 18th that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the bank to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a $0.1775 dividend. This represents a $0.71 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Wednesday, July 31st. People’s United Financial’s payout ratio is 54.20%.

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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