People’s United Financial (NASDAQ:PBCT) Stock Rating Upgraded by BidaskClub

People’s United Financial (NASDAQ:PBCT) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Saturday, BidAskClub reports.

Several other equities research analysts have also commented on the company. Zacks Investment Research upgraded People’s United Financial from a “sell” rating to a “hold” rating and set a $11.00 price objective on the stock in a research report on Friday. ValuEngine lowered People’s United Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Deutsche Bank decreased their target price on People’s United Financial from $17.00 to $13.00 and set a “hold” rating on the stock in a research report on Tuesday, July 28th. Morgan Stanley decreased their target price on People’s United Financial from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Finally, DA Davidson reiterated a “neutral” rating on shares of People’s United Financial in a research report on Monday, September 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.75.

People’s United Financial stock opened at $10.63 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.31. People’s United Financial has a 12 month low of $9.37 and a 12 month high of $17.22. The stock’s 50 day simple moving average is $10.81 and its two-hundred day simple moving average is $11.58. The firm has a market cap of $4.52 billion, a PE ratio of 9.24 and a beta of 1.21.

People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. People’s United Financial had a return on equity of 7.39% and a net margin of 20.81%. The business had revenue of $495.20 million for the quarter, compared to analyst estimates of $495.87 million. During the same quarter in the prior year, the firm posted $0.34 EPS. On average, equities research analysts forecast that People’s United Financial will post 1.12 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of PBCT. Citizens Financial Group Inc RI increased its stake in shares of People’s United Financial by 7,145.9% in the 1st quarter. Citizens Financial Group Inc RI now owns 2,681 shares of the bank’s stock worth $30,000 after acquiring an additional 2,644 shares during the last quarter. Clean Yield Group acquired a new stake in shares of People’s United Financial during the 2nd quarter worth about $30,000. Lenox Wealth Advisors LLC increased its position in shares of People’s United Financial by 1,418.8% during the 2nd quarter. Lenox Wealth Advisors LLC now owns 2,916 shares of the bank’s stock worth $34,000 after purchasing an additional 2,724 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of People’s United Financial by 57.9% during the 2nd quarter. Glenmede Trust Co. NA now owns 3,368 shares of the bank’s stock worth $38,000 after purchasing an additional 1,235 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of People’s United Financial during the 2nd quarter worth about $41,000. 73.64% of the stock is owned by institutional investors and hedge funds.

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

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