It’s been a crucial week for People’s United Financial, Inc. (NASDAQ:PBCT); here’s what analysts have to say.

June 20, 2017 - By Marguerite Chambers

 It's been a crucial week for People's United Financial, Inc. (NASDAQ:PBCT); here's what analysts have to say.
Investors sentiment increased to 1.18 in Q4 2016. Its up 0.12, from 1.06 in 2016Q3. It is positive, as 37 investors sold People’s United Financial, Inc. shares while 120 reduced holdings. 58 funds opened positions while 127 raised stakes. 254.56 million shares or 4.40% more from 243.83 million shares in 2016Q3 were reported.
Apg Asset Mgmt Nv reported 276,662 shares. Hourglass Cap Ltd Liability reported 434,205 shares. Neuberger Berman Grp Inc Limited Co accumulated 31,732 shares. Missouri-based Enterprise Finance Ser has invested 0.02% in People’s United Financial, Inc. (NASDAQ:PBCT). Invesco holds 0.05% or 7.60M shares in its portfolio. Moreover, Mcf Ltd Llc has 0% invested in People’s United Financial, Inc. (NASDAQ:PBCT). 82,385 are held by Laffer Invs. Cornerstone Mgmt Hldgs Lc has 0.01% invested in People’s United Financial, Inc. (NASDAQ:PBCT). Asset Management stated it has 0.02% in People’s United Financial, Inc. (NASDAQ:PBCT). Tudor Inv Et Al holds 61,208 shares. Moreover, Sumitomo Mitsui Asset Mgmt has 0.01% invested in People’s United Financial, Inc. (NASDAQ:PBCT) for 23,966 shares. The Oregon-based Oregon Public Employees Retirement Fund has invested 0.01% in People’s United Financial, Inc. (NASDAQ:PBCT). Atria Investments Ltd Company invested in 85,460 shares. 10,443 are held by Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma. Fdx Advsrs Inc has invested 0.04% of its portfolio in People’s United Financial, Inc. (NASDAQ:PBCT).

Since January 24, 2017, it had 0 insider buys, and 10 sales for $8.91 million activity. 149,965 People’s United Financial, Inc. (NASDAQ:PBCT) shares with value of $2.89 million were sold by NORTON DAVID K. On Tuesday, March 7 the insider Trautmann Robert E sold $1.03M. Another trade for 9,143 shares valued at $175,637 was made by Daukas Galan G on Tuesday, March 7. RICHARDS MARK W also sold $622,581 worth of People’s United Financial, Inc. (NASDAQ:PBCT) shares. $1.89 million worth of People’s United Financial, Inc. (NASDAQ:PBCT) shares were sold by Hoyt Richard M. Franklin Jerry had sold 4,520 shares worth $75,579 on Tuesday, May 30.

People’s United Financial, Inc. (NASDAQ:PBCT) Ratings Coverage

Among 9 analysts covering People’s United Financial Inc (NASDAQ:PBCT), 1 have Buy rating, 3 Sell and 5 Hold. Therefore 11% are positive. People’s United Financial Inc had 14 analyst reports since July 20, 2015 according to SRatingsIntel. The company was upgraded on Monday, June 5 by Morgan Stanley. FBR Capital upgraded the stock to “Mkt Perform” rating in Tuesday, December 20 report. On Monday, January 25 the stock rating was upgraded by Piper Jaffray to “Neutral”. The firm earned “Neutral” rating on Thursday, January 5 by JP Morgan. The firm earned “Neutral” rating on Wednesday, June 29 by Piper Jaffray. The company was downgraded on Wednesday, November 16 by PiperJaffray. The company was downgraded on Wednesday, November 16 by Piper Jaffray. The company was downgraded on Tuesday, April 5 by Morgan Stanley. The stock has “Market Perform” rating by Wells Fargo on Friday, January 6. The firm earned “Sell” rating on Friday, December 2 by Sandler O’Neill. Below is a list of People’s United Financial, Inc. (NASDAQ:PBCT) latest ratings and price target changes.

05/06/2017 Broker: Morgan Stanley Old Rating: Underweight New Rating: Equal-Weight Upgrade
06/01/2017 Broker: Wells Fargo Rating: Market Perform Initiate
05/01/2017 Broker: JP Morgan Rating: Neutral Reinitiate

It closed at $17.64 lastly. It is down 9.82% since June 20, 2016 and is uptrending. It has underperformed by 6.88% the S&P500.

People’s United Financial, Inc. is a bank holding firm and a financial holding firm of People’s United Bank . The company has market cap of $6.08 billion. The Bank is engaged in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. It has a 19.04 P/E ratio. The Firm operates through two divisions: Commercial Banking and Retail Banking.

More important recent People’s United Financial, Inc. (NASDAQ:PBCT) news were published by: Prnewswire.com which released: “PEOPLE’S UNITED BANK Announces Innovative and Enhanced Mobile Banking App” on May 24, 2017, also Prnewswire.com published article titled: “People’s United Financial Schedules Conference Call To Review Second Quarter …”, Nasdaq.com published: “Why Is People’s United (PBCT) Down 4.6% Since the Last Earnings Report?” on May 24, 2017. More interesting news about People’s United Financial, Inc. (NASDAQ:PBCT) was released by: Prnewswire.com and their article: “Savings & Loans Stock Performance Review — New York Community Bancorp, People …” with publication date: June 15, 2017.

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