Trust Department MB Financial Bank N A Sells 804 Shares of People’s United Financial, Inc. (PBCT)

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Trust Department MB Financial Bank N A lessened its position in shares of People’s United Financial, Inc. (NASDAQ:PBCT) by 4.3% during the 4th quarter, HoldingsChannel reports. The firm owned 18,000 shares of the bank’s stock after selling 804 shares during the quarter. Trust Department MB Financial Bank N A’s holdings in People’s United Financial were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in PBCT. IMS Capital Management acquired a new stake in People’s United Financial in the 3rd quarter valued at $60,000. Federated Investors Inc. PA acquired a new stake in People’s United Financial in the 3rd quarter valued at $117,000. Citizens Financial Group Inc RI acquired a new stake in People’s United Financial in the 3rd quarter valued at $159,000. GHP Investment Advisors Inc. acquired a new stake in People’s United Financial in the 3rd quarter valued at $173,000. Finally, Warren Averett Asset Management LLC acquired a new stake in People’s United Financial in the 3rd quarter valued at $179,000. 73.52% of the stock is currently owned by institutional investors.

In related news, VP David K. Norton sold 32,163 shares of the company’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $14.89, for a total value of $478,907.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.50% of the company’s stock.

NASDAQ PBCT opened at $15.08 on Thursday. The stock has a market capitalization of $5.68 billion, a P/E ratio of 14.50, a P/E/G ratio of 5.31 and a beta of 1.06. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.57. People’s United Financial, Inc. has a 12 month low of $13.66 and a 12 month high of $20.26.

People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings data on Thursday, October 18th. The bank reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The business had revenue of $398.70 million during the quarter, compared to the consensus estimate of $404.65 million. People’s United Financial had a return on equity of 7.94% and a net margin of 23.98%. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, equities research analysts predict that People’s United Financial, Inc. will post 1.29 EPS for the current year.

Several analysts recently commented on the company. BidaskClub raised People’s United Financial from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Wells Fargo & Co reaffirmed a “hold” rating on shares of People’s United Financial in a research note on Thursday, January 3rd. FIG Partners assumed coverage on People’s United Financial in a research note on Thursday, December 20th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered People’s United Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Finally, ValuEngine lowered People’s United Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $20.25.

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People’s United Financial 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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Want to see what other hedge funds are holding PBCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for People’s United Financial, Inc. (NASDAQ:PBCT).

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

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