704 institutions hold shares in People’s United Financial Inc. (PBCT), with 2.75M shares held by insiders accounting for 0.65% while institutional investors hold 75.22% of the company’s shares. The shares outstanding are 426.37M, and float is at 421.61M with Short Float at 2.05%. Institutions hold 74.73% of the Float.
The top institutional shareholder in the company is State Street Corporation with over 60.77 million shares valued at $785.8 million. The investor’s holdings represent 14.28% of the PBCT Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 46.8 million shares valued at $605.15 million to account for 11.00% of the shares outstanding. The other top investors are Blackrock Inc. which holds 31.29 million shares representing 7.35% and valued at over $404.59 million, while Wells Fargo & Company holds 3.28% of the shares totaling 13.97 million with a market value of $180.64 million.
People’s United Financial Inc. (NASDAQ: PBCT) is 39.98% higher on its value in year-to-date trading and has touched a low of $9.37 and a high of $19.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PBCT stock was last observed hovering at around $17.90 in the last trading session, with the day’s gains setting it 0.2% off its average median price target of $18.00 for the next 12 months. It is also 11.71% off the consensus price target high of $20.50 offered by 14 analysts, but current levels are -29.29% lower than the price target low of $14.00 for the same period.
Currently trading at $18.10, the stock is 0.87% and 9.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.8 million and changing 1.12% at the moment leaves the stock 40.59% off its SMA200. PBCT registered 75.39% gain for a year compared to 6-month gain of 75.56%. The firm has a 50-day simple moving average (SMA 50) of $17.76 and a 200-day simple moving average (SMA200) of $13.76.
The stock witnessed a -1.04% loss in the last 1 month and extending the period to 3 months gives it a 39.77%, and is 2.09% 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 2.50% over the week and 3.12% over the month.
People’s United Financial Inc. (PBCT) has around 5640 employees, a market worth around $7.62B and $1.81B in sales. Current P/E ratio is 37.63 and Fwd P/E is 13.99. Profit margin for the company is 11.30%. Distance from 52-week low is 93.17% and -6.68% from its 52-week high. The company has generated returns on investments over the last 12 months (16.00%).
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”. 14 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”. 1 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 07/22/2021 and quarterly earnings per share for the current quarter are estimated at $0.34 with sales reaching $493.87M over the same period.The EPS is expected to shrink by -61.80% this year, but quarterly earnings will post 7.40% year-over-year. Quarterly sales are estimated to shrink -1.00% in year-over-year returns.
People’s United Financial Inc. (PBCT) Insider Activity
A total of 49 insider transactions have happened at People’s United Financial Inc. (PBCT) in the last six months, with sales accounting for 18 and purchases happening 31 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 19 at a price of $14.43 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 Jan 07 that WALTERS KIRK W (Sr Executive Vice President) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Jan 07 and was made at $14.32 per share for $0.36 million. Following the transaction, the insider now directly holds 27525.0 shares of the PBCT stock.
Still, SEC filings show that on Aug 10, Franklin Jerry (Director) disposed off 5,000 shares at an average price of $11.54 for $57725.0. The insider now directly holds 102,514 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 41.56% up over the past 12 months and Berkshire Hills Bancorp Inc. (BHLB) that is 56.86% higher over the same period. Brookline Bancorp Inc. (BRKL) is 40.39% up on the 1-year trading charts. Short interest in the company’s stock has fallen -69.33% from the last report on Feb 11, 2021 to stand at a total of 14.63 million short shares sold with a short interest ratio of 1.23.