People’s United Financial, Inc. (NASDAQ:PBCT) has made a 19.99% comeback from a 12-month low price of $13.66. It was seen -0.91% lower, changing the price to $16.39, when the closing bell rang on 6/19/2019. At a recent session, the prices were hovering between $16.32 and $16.715. This company shares are 7.44% off its target price of $17.61 and the current market capitalization stands at $6.49B. The recent change has given its price a -1.31% deficit over SMA 50 and -13.74% deficit over its 52-week high. The stock witnessed 0.86% gains, -1.97% declines and 7.97% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PBCT’s volatility during a week at 1.77% and during a month it has been found around 1.77%.
What Does People’s United Financial, Inc. (PBCT) Do?
The company describes itself in regulatory filings as, “People’s United Financial, Inc. is a bank and financial holding company. It engages in the provision of commercial banking, retail and business banking, and wealth management services to individual, corporate and municipal customers. It operates through the following Commercial Banking, Retail Banking, Treasury and Others segments. The Commercial Banking segment consists commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. The Retail Banking segment comprises consumer lending, and consumer deposit gathering activities, consumer lending, and merchant services. The Treasury segment covers the securities portfolio, short-term investments, brokered deposits, wholesale borrowings, and the funding center. The Other segment includes the residual financial impact from the allocation of revenues and expenses. The company was founded on November 2, 2006 and is headquartered in Bridgeport, CT.” [Text can be found here: https://www.marketwatch.com/investing/stock/PBCT/profile under company description.]People’s United Financial, Inc. (PBCT) Top Holders
Institutional investors currently hold around $5.18 billion or 78.6% in PBCT stock. Look at its top three institutional owners: Vanguard Group Inc owns $750.24 million in People’s United Financial, Inc., which represents roughly 11.56% of the company’s market cap and approximately 14.49% of the institutional ownership. Similar statistics are true for the second largest owner, State Street Corp, which owns 43,309,803 shares of the stock are valued at $716.34 million. The third largest holder is Blackrock Inc., which currently holds $606.19 million worth of this stock and that ownership represents nearly 9.34% of its market capitalization.
At the end of March reporting period, 273 institutional holders increased their position in People’s United Financial, Inc. (NASDAQ:PBCT) by some 28,314,596 shares, 208 decreased positions by 18,382,368 and 97 held positions by 266,421,844. That puts total institutional holdings at 313,118,808 shares, according to SEC filings. The stock grabbed 59 new institutional investments totaling 4,269,930 shares while 57 institutional investors sold out their entire positions totaling 4,332,234 shares.People’s United Financial, Inc. (NASDAQ:PBCT) Insider Trades
Multiple company employees have indulged in significant insider trading. People’s United Financial, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Sr EVP and CFO Rosato R David has sold 39,250 shares of People’s United Financial, Inc. (PBCT) in the trading session dated Jun. 13, 2019. These shares are worth $635,850 and were traded at $16.2 each. The SEC filing shows that Herron Mark F performed a sale of 4,466 shares. The Executive Vice President disposed these shares by way of transaction on Apr. 30, 2019. The company’s shares were given away at $17.36 per share worth to an income of some $77,530 to the account of Herron Mark F.
Sr. Executive Vice President, Daukas Galan G, sold 13,534 common shares of People’s United Financial, Inc. (PBCT) in the open market. In a transaction dated Mar. 07, 2019, the shares were put up for sale at an average price of $17.11, raking in a sum of $231,567. After this sale, 43,181 common shares of PBCT are directly owned by the insider, with total stake valued at $707,737.
In the transaction dated Mar. 06, 2019, a great number of shares sold came courtesy the Director; Carter George P disposed a total of 10,654 shares at an average price of $17.48, amounting to approximately $186,232. The insider now directly owns 204,488 shares worth $3,351,558.People’s United Financial, Inc. (PBCT) Analyst Guide
Several analysts have released their opinion on People’s United Financial, Inc. (NASDAQ:PBCT), with 1 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.67 average brokerage recommendation [T1].