People’s United Financial, Inc. (NASDAQ:PBCT) registered a -0.91% decrease, still its new closing price is 41.16% up from the company’s 1 year high of 19.95.It posted -2.87% losses in previous 5 sessions and is now the subject of 8 analysts who together assign a hold rating on stock. 3 of Wall Street analysts have an underperform rating; the 1 sells versus 0 buy or better ratings. The 12 stock analysts following this company have an average price target at $18.61, with individual PT in the $17.00-$20.50 range. The shares moved at $18.56, implying that brokerage firms see shares gaining about 36.48% in twelve months time.
People’s United Financial, Inc. (PBCT) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -3.27% fall year to date. A Director at People’s United Financial, Inc. (PBCT) offloaded shares in a transaction closed on Wednesday January 25, 2017. RICHARDS MARK W sold 32,732 shares in the company at $19.02 each and collected $622,001 in proceeds. RICHARDS MARK W now owns 305,400 shares in the company after this transaction. A Director in the company, Hoyt Richard M, disclosed a transaction on Tuesday January 24, 2017 that ended up generating $1,889,000 from the sale of 100,000 shares at $18.89 per share.
People’s United Financial, Inc. (NASDAQ:PBCT) Upcoming Results on Tap
People’s United Financial, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.22 in that period. Sales during the quarter are predicted to arrive at $346.21 million.
Earnings surprise history: Last quarter, the company posted approximately $331 million in revenue and EPS of $0.24. The mean forecast was for $341.37 million and $0.24 a share, respectively. One quarter earlier, revenue for the stock was at $336.1 million, with earnings at $0.25/share.
People’s United Financial, Inc. (PBCT) Brokerage Update
People’s United Financial, Inc. (PBCT) is in FBR & Co.’s research list so their analyst rating change is noteworthy. These shares were upgraded to Mkt Perform from Underperform by FBR & Co., according to news reported on Tuesday December 20, 2016.Another important research note was issued by Sandler O’Neill on Friday December 02, 2016.The firm downgraded PBCT to Sell from Hold. Over the last six months and over the last three months, the shares of People’s United Financial, Inc. (PBCT), have changed 25.56% and 15.32%, respectively.