Peoples United Financial INC (PBCT) Holder Hamlin Capital Management LLC Has Decreased Position as Share Value Declined

June 20, 2017 - By Hazel Jackson

Investors sentiment increased to 1.18 in Q4 2016. Its up 0.12, from 1.06 in 2016Q3. It improved, as 37 investors sold PBCT 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. Bb&T Securities Ltd Liability Company stated it has 0.01% in People’s United Financial, Inc. (NASDAQ:PBCT). Balyasny Asset Mgmt Ltd Liability Company invested in 0% or 12,523 shares. World Asset Management accumulated 29,673 shares. Pine River Management LP invested in 0.02% or 27,000 shares. Pacad Invest Ltd owns 84,500 shares for 0.21% of their portfolio. St Germain D J owns 0.51% invested in People’s United Financial, Inc. (NASDAQ:PBCT) for 194,356 shares. Churchill Management holds 0.74% or 1.15 million shares in its portfolio. Ibm Retirement Fund holds 0.02% or 24,257 shares in its portfolio. Atria Invs Limited Liability stated it has 85,460 shares or 0.13% of all its holdings. Mutual Of America Cap Mgmt Lc invested in 36,030 shares. Orleans Cap Mngmt La invested in 1.17% or 84,092 shares. Trust Department Mb Comml Bank N A has 0.04% invested in People’s United Financial, Inc. (NASDAQ:PBCT) for 18,000 shares. Alpine Partners Vi Ltd Liability reported 11,590 shares. Sei Invs holds 0.01% or 68,758 shares in its portfolio. Ftb Advsrs Inc holds 0% of its portfolio in People’s United Financial, Inc. (NASDAQ:PBCT) for 1,627 shares.

Since January 24, 2017, it had 0 insider purchases, and 10 selling transactions for $8.91 million activity. 118,836 shares were sold by Trautmann Robert E, worth $2.03M on Thursday, June 8. 9,143 shares were sold by Daukas Galan G, worth $175,637 on Tuesday, March 7. $2.89 million worth of People’s United Financial, Inc. (NASDAQ:PBCT) was sold by NORTON DAVID K on Tuesday, March 7. Another trade for 32,732 shares valued at $622,581 was sold by RICHARDS MARK W. Hoyt Richard M had sold 100,000 shares worth $1.89 million.

Hamlin Capital Management Llc decreased its stake in Peoples United Financial Inc (PBCT) by 36.28% based on its latest 2016Q4 regulatory filing with the SEC. Hamlin Capital Management Llc sold 1.38 million shares as the company’s stock declined 12.61% while stock markets rallied. The institutional investor held 2.42 million shares of the finance company at the end of 2016Q4, valued at $46.95 million, down from 3.81M at the end of the previous reported quarter. Hamlin Capital Management Llc who had been investing in Peoples United Financial Inc for a number of months, seems to be less bullish one the $6.01B market cap company. The stock declined 1.13% or $0.2 reaching $17.44 per share. About 725,508 shares traded. People’s United Financial, Inc. (NASDAQ:PBCT) has risen 9.82% since June 20, 2016 and is uptrending. It has underperformed by 6.88% the S&P500.

Hamlin Capital Management Llc, which manages about $2.70B and $2.24B US Long portfolio, upped its stake in Abb Ltd (NYSE:ABB) by 147,476 shares to 3.23M shares, valued at $68.05 million in 2016Q4, according to the filing. It also increased its holding in At&T Inc (NYSE:T) by 290,797 shares in the quarter, for a total of 1.78M shares, and has risen its stake in Enterprise Prods Partners L (NYSE:EPD).

Analysts await People’s United Financial, Inc. (NASDAQ:PBCT) to report earnings on July, 20. They expect $0.23 EPS, 0.00 % or $0.00 from last year’s $0.23 per share. PBCT’s profit will be $79.26M for 18.96 P/E if the $0.23 EPS becomes a reality. After $0.22 actual EPS reported by People’s United Financial, Inc. for the previous quarter, Wall Street now forecasts 4.55 % EPS growth.

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: “Savings & Loans Stock Performance Review — New York Community Bancorp, People …”, 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: “People’s United Financial Schedules Conference Call To Review Second Quarter …” with publication date: June 15, 2017.

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. PiperJaffray downgraded the shares of PBCT in report on Wednesday, November 16 to “Underweight” rating. The firm has “Market Perform” rating by Wells Fargo given on Friday, January 6. Morgan Stanley downgraded People’s United Financial, Inc. (NASDAQ:PBCT) rating on Tuesday, April 5. Morgan Stanley has “Underweight” rating and $14.50 target. The stock of People’s United Financial, Inc. (NASDAQ:PBCT) earned “Mkt Perform” rating by FBR Capital on Tuesday, December 20. The stock of People’s United Financial, Inc. (NASDAQ:PBCT) has “Sell” rating given on Friday, December 2 by Sandler O’Neill. The rating was upgraded by Piper Jaffray to “Neutral” on Monday, January 25. Piper Jaffray upgraded the shares of PBCT in report on Wednesday, June 29 to “Neutral” rating. Morgan Stanley upgraded People’s United Financial, Inc. (NASDAQ:PBCT) on Monday, June 5 to “Equal-Weight” rating. The rating was downgraded by Piper Jaffray on Wednesday, November 16 to “Underweight”. The stock of People’s United Financial, Inc. (NASDAQ:PBCT) has “Neutral” rating given on Thursday, January 5 by JP Morgan.

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