2,850 Shares in People’s United Financial, Inc. (PBCT) Acquired by Huntington National Bank

Huntington National Bank purchased a new position in People’s United Financial, Inc. (NASDAQ:PBCT) during the 1st quarter, HoldingsChannel reports. The firm purchased 2,850 shares of the bank’s stock, valued at approximately $47,000.

Several other institutional investors also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. bought a new position in People’s United Financial in the 4th quarter valued at approximately $28,000. First Hawaiian Bank lifted its position in People’s United Financial by 462.5% in the 4th quarter. First Hawaiian Bank now owns 2,025 shares of the bank’s stock valued at $29,000 after acquiring an additional 1,665 shares in the last quarter. Ipswich Investment Management Co. Inc. bought a new position in People’s United Financial in the 4th quarter valued at approximately $41,000. CSat Investment Advisory L.P. lifted its position in People’s United Financial by 64.0% in the 4th quarter. CSat Investment Advisory L.P. now owns 2,835 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,106 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in People’s United Financial by 1,456.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 586,724 shares of the bank’s stock valued at $41,000 after acquiring an additional 549,017 shares in the last quarter. Institutional investors own 77.28% of the company’s stock.

NASDAQ PBCT opened at $17.33 on Thursday. The firm has a market cap of $6.57 billion, a PE ratio of 13.23, a PEG ratio of 6.09 and a beta of 1.16. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. People’s United Financial, Inc. has a 1-year low of $13.66 and a 1-year high of $19.37.

People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings results on Thursday, January 17th. The bank reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $428.20 million for the quarter, compared to analysts’ expectations of $432.25 million. People’s United Financial had a return on equity of 8.11% and a net margin of 24.34%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. As a group, analysts forecast that People’s United Financial, Inc. will post 1.39 EPS for the current fiscal year.

Several research firms recently issued reports on PBCT. Zacks Investment Research cut People’s United Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. BidaskClub raised People’s United Financial from a “hold” rating to a “buy” rating in a report on Friday, January 25th. ValuEngine cut People’s United Financial from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Barclays reissued a “hold” rating and set a $19.00 price target on shares of People’s United Financial in a report on Sunday, January 20th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of People’s United Financial in a report on Thursday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.70.

In other news, Director Mark W. Richards sold 6,800 shares of the company’s stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $16.43, for a total value of $111,724.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David P. Berey sold 129,431 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $17.90, for a total value of $2,316,814.90. Following the completion of the sale, the executive vice president now owns 46,672 shares of the company’s stock, valued at $835,428.80. The disclosure for this sale can be found here. Insiders sold a total of 165,219 shares of company stock valued at $2,932,690 over the last 90 days. 2.40% of the stock is currently owned by company insiders.

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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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Institutional Ownership by Quarter for People`s United Financial (NASDAQ:PBCT)

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