24,428 Shares in People’s United Financial, Inc. (PBCT) Acquired by Parametrica Management Ltd

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Parametrica Management Ltd purchased a new stake in shares of People’s United Financial, Inc. (NASDAQ:PBCT) during the 4th quarter, Holdings Channel reports. The fund purchased 24,428 shares of the bank’s stock, valued at approximately $352,000.

A number of other large investors have also bought and sold shares of PBCT. Mn Services Vermogensbeheer B.V. boosted its stake in People’s United Financial by 286.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 207,025 shares of the bank’s stock valued at $2,613,000 after purchasing an additional 153,483 shares during the period. Martingale Asset Management L P bought a new stake in People’s United Financial during the 4th quarter valued at approximately $212,000. AlphaCrest Capital Management LLC bought a new stake in People’s United Financial during the 4th quarter valued at approximately $444,000. TrinityPoint Wealth LLC bought a new stake in People’s United Financial during the 4th quarter valued at approximately $281,000. Finally, NEXT Financial Group Inc boosted its stake in People’s United Financial by 364.6% during the 4th quarter. NEXT Financial Group Inc now owns 13,814 shares of the bank’s stock valued at $199,000 after purchasing an additional 10,841 shares during the period. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PBCT stock opened at $17.72 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. People’s United Financial, Inc. has a 12 month low of $13.66 and a 12 month high of $20.26. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 6.34 and a beta of 1.13.

People’s United Financial (NASDAQ:PBCT) last announced its quarterly earnings data on Thursday, January 17th. The bank reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. People’s United Financial had a return on equity of 8.11% and a net margin of 24.34%. The company had revenue of $428.20 million during the quarter, compared to the consensus estimate of $432.25 million. During the same quarter last year, the company earned $0.31 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that People’s United Financial, Inc. will post 1.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, February 1st were given a $0.175 dividend. The ex-dividend date was Thursday, January 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.95%. People’s United Financial’s dividend payout ratio is currently 53.44%.

In other People’s United Financial news, Director Jerry Franklin sold 4,800 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $17.99, for a total value of $86,352.00. Following the completion of the sale, the director now owns 93,317 shares in the company, valued at approximately $1,678,772.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David P. Berey sold 129,431 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $17.90, for a total value of $2,316,814.90. Following the completion of the sale, the executive vice president now owns 46,672 shares of the company’s stock, valued at approximately $835,428.80. The disclosure for this sale can be found here. Insiders sold a total of 173,194 shares of company stock valued at $2,993,798 in the last quarter. Corporate insiders own 2.50% of the company’s stock.

PBCT has been the subject of several recent analyst reports. BidaskClub upgraded People’s United Financial from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Wells Fargo & Co restated a “hold” rating on shares of People’s United Financial in a research note on Thursday, January 3rd. FIG Partners initiated coverage on People’s United Financial in a research note on Thursday, December 20th. They set an “outperform” rating for the company. ValuEngine upgraded People’s United Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Finally, Barclays restated a “hold” rating and set a $19.00 target price on shares of People’s United Financial in a research note on Sunday, January 20th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $19.92.

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People’s United Financial Company Profile

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.

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

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