Which Institutions Own Shares In People’s United Financial Inc. (PBCT)?

People’s United Financial Inc. (NASDAQ: PBCT) is 8.58% higher on its value in year-to-date trading and has touched a low of $9.37 and a high of $16.62 in the current 52-week trading range. The PBCT stock was last observed hovering at around $14.16 in the last trading session, with the day’s loss setting it -0.12% off its average median price target of $14.00 for the next 12 months. It is also 12.25% off the consensus price target high of $16.00 offered by 15 analysts, but current levels are -17.0% lower than the price target low of $12.00 for the same period.

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Currently trading at $14.04, the stock is 7.62% and 11.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.62 million and changing -0.85% at the moment leaves the stock 21.64% off its SMA200. PBCT registered -15.22% loss for a year compared to 6-month gain of 26.15%. The firm has a 50-day simple moving average (SMA 50) of $13.07 and a 200-day simple moving average (SMA200) of $11.51.

The stock witnessed a 6.77% loss in the last 1 month and extending the period to 3 months gives it a 27.29%, and is 8.58% 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 3.48% over the week and 2.64% over the month.

People’s United Financial Inc. (PBCT) has around 6110 employees, a market worth around $6.02B and $1.89B in sales. Current P/E ratio is 12.20 and Fwd P/E is 12.73. Profit margin for the company is 25.80%. Distance from 52-week low is 49.84% and -15.52% 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 2.70, where 12 rate it as a Hold and 0 think it is a “Overweight”. 3 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 04/22/2021 and quarterly earnings per share for the current quarter are estimated at $0.33 with sales reaching $499.98M over the same period.The EPS is expected to grow by 0.80% this year, but quarterly earnings will post 10.20% 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

687 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 76.25% 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 75.77% 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

A total of 5 insider transactions have happened at People’s United Financial Inc. (PBCT) in the last six months, with sales accounting for 3 and purchases happening 2 times. The most recent transaction is an insider sale by WALTERS KIRK W, the company’s Sr Executive Vice President. SEC filings show that WALTERS KIRK W sold 25,000 shares of the company’s common stock on Jan 07 at a price of $14.32 per share for a total of $0.36 million. Following the sale, the insider now owns 27525.0 shares.

People’s United Financial Inc. disclosed in a document filed with the SEC on Aug 10 that Franklin Jerry (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 10 and was made at $11.55 per share for $57725.0. Following the transaction, the insider now directly holds 0.1 million shares of the PBCT stock.

Still, SEC filings show that on May 27, Berey David P (Executive Vice President) disposed off 12,978 shares at an average price of $12.03 for $0.16 million. The insider now directly holds 15,196 shares of People’s United Financial Inc. (PBCT).

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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 -17.35% down over the past 12 months. Brookline Bancorp Inc. (BRKL) is -19.58% 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.

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