People’s United Financial Inc. (NASDAQ: PBCT) is -23.37% lower on its value in year-to-date trading and has touched a low of $9.37 and a high of $17.00 in the current 52-week trading range. The PBCT stock was last observed hovering at around $12.68 in the last trading session, with the day’s gains setting it 0.27% off its average median price target of $13.50 for the next 12 months. It is also 13.67% off the consensus price target high of $15.00 offered by 15 analysts, but current levels are -23.33% lower than the price target low of $10.50 for the same period.
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Currently trading at $12.95, the stock is -0.18% and 5.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.57 million and changing 2.13% at the moment leaves the stock 12.43% off its SMA200. PBCT registered -23.37% loss for a year compared to 6-month gain of 15.52%. The firm has a 50-day simple moving average (SMA 50) of $12.94 and a 200-day simple moving average (SMA200) of $11.45.
The stock witnessed a 4.44% loss in the last 1 month and extending the period to 3 months gives it a 25.61%, and is 3.11% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.51% over the week and 2.56% over the month.
People’s United Financial Inc. (PBCT) has around 6110 employees, a market worth around $5.52B and $1.89B in sales. Current P/E ratio is 11.25 and Fwd P/E is 12.06. Profit margin for the company is 25.80%. Distance from 52-week low is 38.21% and -23.82% from its 52-week high. The company has generated returns on investments over the last 12 months (11.70%).
People’s United Financial Inc. (PBCT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for People’s United Financial Inc. (PBCT) is a “Hold”. 15 analysts offering their recommendations for the stock have an average rating of 2.90, where 13 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
People’s United Financial Inc. is expected to release its quarterly report on 01/21/2021 and quarterly earnings per share for the current quarter are estimated at $0.32 with sales reaching $499.9M over the same period.The EPS is expected to grow by 0.80% this year, but quarterly earnings will post 10.10% year-over-year. Quarterly sales are estimated to grow 0.10% in year-over-year returns.
People’s United Financial Inc. (PBCT) Top Institutional Holders
690 institutions hold shares in People’s United Financial Inc. (PBCT), with 2.67M shares held by insiders accounting for 0.64% while institutional investors hold 76.27% of the company’s shares. The shares outstanding are 418.00M, and float is at 415.80M with Short Float at 2.98%. Institutions hold 75.79% of the Float.
The top institutional shareholder in the company is State Street Corporation with over 53.71 million shares valued at $553.79 million. The investor’s holdings represent 12.64% of the PBCT Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 46.77 million shares valued at $482.18 million to account for 11.01% of the shares outstanding. The other top investors are Blackrock Inc. which holds 36.72 million shares representing 8.64% and valued at over $378.63 million, while Wells Fargo & Company holds 3.43% of the shares totaling 14.56 million with a market value of $150.08 million.
People’s United Financial Inc. (PBCT) Insider Activity
The most recent transaction is an insider sale by Franklin Jerry, the company’s Director. SEC filings show that Franklin Jerry sold 5,000 shares of the company’s common stock on Aug 10 at a price of $11.55 per share for a total of $57725.0. Following the sale, the insider now owns 0.1 million shares.
People’s United Financial Inc. disclosed in a document filed with the SEC on May 27 that Berey David P (Executive Vice President) sold a total of 12,978 shares of the company’s common stock. The trade occurred on May 27 and was made at $12.03 per share for $0.16 million. Following the transaction, the insider now directly holds 15196.0 shares of the PBCT stock.
Still, SEC filings show that on Mar 19, Rosato R David (Sr EVP and CFO) acquired 1,232 shares at an average price of $14.50 for $17864.0. The insider now directly holds 3,232 shares of People’s United Financial Inc. (PBCT).
People’s United Financial Inc. (PBCT): Who are the competitors?
The company’s main competitors (and peers) include TrustCo Bank Corp NY (TRST) that is trading -24.11% down over the past 12 months. Brookline Bancorp Inc. (BRKL) is -27.58% down on the 1-year trading charts. Short interest in the company’s stock has fallen -36.8% from the last report on Nov 12, 2020 to stand at a total of 16.95 million short shares sold with a short interest ratio of 2.3.