Wagner Bowman Management Corp raised its position in People's United Financial, Inc. (NASDAQ:PBCT) by 0.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,271 shares of the bank’s stock after buying an additional 3 shares during the period. Wagner Bowman Management Corp’s holdings in People's United Financial were worth $186,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PBCT. Public Employees Retirement Association of Colorado raised its position in shares of People's United Financial by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 9,965 shares of the bank’s stock worth $158,000 after buying an additional 41 shares during the last quarter. Wade G W & Inc. raised its position in shares of People's United Financial by 0.5% in the third quarter. Wade G W & Inc. now owns 13,748 shares of the bank’s stock worth $217,000 after buying an additional 66 shares during the last quarter. Altfest L J & Co. Inc. raised its position in shares of People's United Financial by 0.5% in the third quarter. Altfest L J & Co. Inc. now owns 13,242 shares of the bank’s stock worth $209,000 after buying an additional 67 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of People's United Financial by 0.3% in the first quarter. Raymond James Trust N.A. now owns 27,053 shares of the bank’s stock worth $493,000 after buying an additional 74 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of People's United Financial by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,850 shares of the bank’s stock worth $346,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 80.80% of the company’s stock.

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

Shares of People's United Financial, Inc. (NASDAQ:PBCT) traded up 0.11% during mid-day trading on Friday, hitting $17.59. 4,259,162 shares of the stock were exchanged. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 19.16 and a beta of 0.83. The stock’s 50-day moving average is $18.26 and its 200-day moving average is $18.23. People's United Financial, Inc. has a 52 week low of $13.80 and a 52 week high of $20.13.

People's United Financial (NASDAQ:PBCT) last released its quarterly earnings results on Thursday, April 20th. The bank reported $0.22 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.22. People's United Financial had a net margin of 19.12% and a return on equity of 5.86%. The business earned $342.80 million during the quarter, compared to analysts’ expectations of $336.29 million. During the same quarter in the previous year, the company earned $0.21 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts forecast that People's United Financial, Inc. will post $0.96 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.92%. This is a positive change from People's United Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, April 27th. People's United Financial’s payout ratio is presently 73.91%.

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A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $19.00 target price on shares of People's United Financial in a research report on Thursday, April 6th. Wells Fargo & Co assumed coverage on shares of People's United Financial in a research report on Friday, January 6th. They set a “market perform” rating on the stock. Sandler O’Neill upgraded shares of People's United Financial from a “sell” rating to a “hold” rating and increased their target price for the stock from $17.00 to $19.50 in a research report on Friday, March 10th. Zacks Investment Research lowered shares of People's United Financial from a “buy” rating to a “hold” rating in a research report on Friday, January 6th. Finally, Barclays PLC increased their target price on shares of People's United Financial from $17.00 to $18.00 and gave the stock an “underweight” rating in a research report on Friday, January 20th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. People's United Financial currently has a consensus rating of “Hold” and an average price target of $18.31.

In other news, VP David K. Norton sold 149,965 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $19.24, for a total value of $2,885,326.60. Following the completion of the sale, the vice president now directly owns 276,891 shares in the company, valued at approximately $5,327,382.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Galan G. Daukas sold 9,143 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $19.21, for a total transaction of $175,637.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 292,768 shares of company stock valued at $5,590,175. Company insiders own 2.90% of the company’s stock.

People's United Financial Company Profile

People’s United Financial, Inc is a bank holding company and a financial holding company of People’s United Bank (the Bank). The Bank is engaged in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company operates through two segments: Commercial Banking and Retail Banking.

5 Day Chart for NASDAQ:PBCT

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