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NASDAQ:PBCT

People's United Financial Stock Forecast, Price & News

$12.86
-0.35 (-2.65 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$12.69
Now: $12.86
$13.17
50-Day Range
$10.31
MA: $11.55
$13.52
52-Week Range
$9.37
Now: $12.86
$17.13
Volume4.91 million shs
Average Volume4.56 million shs
Market Capitalization$5.46 billion
P/E Ratio11.18
Dividend Yield5.45%
Beta1.22
People's United Financial, Inc. operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking. The Commercial Banking segment offers commercial real estate lending, commercial and industrial lending, and commercial deposit gathering services. This segment also provides equipment financing; cash management, correspondent banking, and municipal banking services; and institutional trust, corporate trust, private banking, and commercial insurance services. The Retail Banking segment offers consumer lending, including residential mortgage and home equity lending; and consumer deposit gathering services. This segment also provides brokerage, financial advisory, investment management, life insurance, and non-institutional trust services. In addition, the company offers online banking, investment trading, and telephone banking services. It operates through a network of 450 branches in Connecticut, southeastern New York, Massachusetts, Vermont, Maine, and New Hampshire, as well as 602 ATMs. The company was founded in 1842 and is headquartered in Bridgeport, Connecticut.
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People

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 1.6Dividend Strength: 5.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.24 out of 5 stars


Industry, Sector and Symbol

Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:PBCT
CUSIP71270410
Phone203-338-7171
Employees6,499

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.31 billion
Cash Flow$1.99 per share
Book Value$19.29 per share

Profitability

Net Income$520.40 million

Miscellaneous

Market Cap$5.46 billion
Next Earnings Date1/21/2021 (Estimated)
OptionableOptionable
$12.86
-0.35 (-2.65 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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People's United Financial (NASDAQ:PBCT) Frequently Asked Questions

How has People's United Financial's stock been impacted by Coronavirus (COVID-19)?

People's United Financial's stock was trading at $12.49 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PBCT shares have increased by 3.0% and is now trading at $12.86.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of People's United Financial?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for People's United Financial in the last year. There are currently 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for People's United Financial
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than People's United Financial?

Wall Street analysts have given People's United Financial a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but People's United Financial wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is People's United Financial's next earnings date?

People's United Financial is scheduled to release its next quarterly earnings announcement on Thursday, January 21st 2021.
View our earnings forecast for People's United Financial
.

How were People's United Financial's earnings last quarter?

People's United Financial, Inc. (NASDAQ:PBCT) issued its quarterly earnings data on Thursday, October, 22nd. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.29 by $0.05. The bank earned $499.80 million during the quarter, compared to the consensus estimate of $507.57 million. People's United Financial had a net margin of 20.81% and a return on equity of 7.39%. People's United Financial's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS.
View People's United Financial's earnings history
.

How often does People's United Financial pay dividends? What is the dividend yield for People's United Financial?

People's United Financial declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Monday, November 2nd will be given a dividend of $0.18 per share on Sunday, November 15th. This represents a $0.72 annualized dividend and a yield of 5.60%. The ex-dividend date is Friday, October 30th.
View People's United Financial's dividend history
.

How will People's United Financial's stock buyback program work?

People's United Financial declared that its Board of Directors has initiated a stock buyback plan on Thursday, July 18th 2019, which authorizes the company to repurchase 20,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

What price target have analysts set for PBCT?

9 equities research analysts have issued 12-month price objectives for People's United Financial's stock. Their forecasts range from $9.00 to $15.50. On average, they anticipate People's United Financial's share price to reach $12.79 in the next year. This suggests that the stock has a possible downside of 0.6%.
View analysts' price targets for People's United Financial
.

Are investors shorting People's United Financial?

People's United Financial saw a increase in short interest during the month of October. As of October 30th, there was short interest totaling 18,710,000 shares, an increase of 21.3% from the October 15th total of 15,430,000 shares. Based on an average daily volume of 4,300,000 shares, the days-to-cover ratio is currently 4.4 days.
View People's United Financial's Short Interest
.

Who are some of People's United Financial's key competitors?

What other stocks do shareholders of People's United Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other People's United Financial investors own include AT&T (T), Exxon Mobil (XOM), AbbVie (ABBV), Pfizer (PFE), Chevron (CVX), Verizon Communications (VZ), Cisco Systems (CSCO), Walgreens Boots Alliance (WBA), The Coca-Cola (KO) and International Business Machines (IBM).

Who are People's United Financial's key executives?

People's United Financial's management team includes the following people:
  • Mr. John P. Barnes, Chairman & CEO (Age 65, Pay $2.71M)
  • Mr. Jeffrey J. Tengel, Pres (Age 57, Pay $1.27M)
  • Mr. R. David Rosato, Sr. EVP & CFO (Age 58, Pay $1.02M)
  • Mr. Lee C. Powlus, Sr. EVP & Chief Admin. Officer (Age 59, Pay $1.13M)
  • Mr. Kirk W. Walters, Sr. EVP of Corp. Devel. & Strategic Planning and Director (Age 64, Pay $1.23M)
  • Mr. Jeffrey A. Hoyt, Sr. VP & Chief Accounting Officer (Age 50)
  • Mr. Andrew S. Hersom, Sr. VP, Investor Relations
  • Ms. Michele Johnson, Compliance Officer
  • Ms. Kristy Berner Esq., Exec. VP, Gen. Counsel & Corp. Sec. (Age 45)
  • Mr. Mark F. Herron, Exec. VP & Chief Marketing Officer (Age 61)

What is People's United Financial's stock symbol?

People's United Financial trades on the NASDAQ under the ticker symbol "PBCT."

Who are People's United Financial's major shareholders?

People's United Financial's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (12.65%), BlackRock Inc. (8.65%), Wells Fargo & Company MN (3.43%), AQR Capital Management LLC (1.89%), ProShare Advisors LLC (1.87%) and Prudential PLC (1.62%). Company insiders that own People's United Financial stock include David K Norton, David P Berey, Galan G Daukas, George P Carter, Jeffrey Hoyt, Jeffrey J Tengel, Jerry Franklin, John P Barnes, Lee C Powlus, Mark F Herron, Mark W Richards, R David Rosato and William M Sheedy.
View institutional ownership trends for People's United Financial
.

Which institutional investors are selling People's United Financial stock?

PBCT stock was sold by a variety of institutional investors in the last quarter, including Crawford Investment Counsel Inc., BlackRock Inc., Great West Life Assurance Co. Can, Raymond James & Associates, Wells Fargo & Company MN, Prudential PLC, TD Asset Management Inc., and Commerce Bank.
View insider buying and selling activity for People's United Financial
.

Which institutional investors are buying People's United Financial stock?

PBCT stock was purchased by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, State Street Corp, ProShare Advisors LLC, JPMorgan Chase & Co., Capital Management Corp VA, First Trust Advisors LP, Principal Financial Group Inc., and Alaska Permanent Fund Corp.
View insider buying and selling activity for People's United Financial
.

How do I buy shares of People's United Financial?

Shares of PBCT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is People's United Financial's stock price today?

One share of PBCT stock can currently be purchased for approximately $12.86.

How big of a company is People's United Financial?

People's United Financial has a market capitalization of $5.46 billion and generates $2.31 billion in revenue each year. The bank earns $520.40 million in net income (profit) each year or $1.39 on an earnings per share basis. People's United Financial employs 6,499 workers across the globe.

What is People's United Financial's official website?

The official website for People's United Financial is www.peoples.com.

How can I contact People's United Financial?

People's United Financial's mailing address is 850 MAIN STREET, BRIDGEPORT CT, 06604. The bank can be reached via phone at 203-338-7171 or via email at [email protected]

This page was last updated on 11/29/2020 by MarketBeat.com Staff

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