People's United Financial, Inc. (NASDAQ:PBCT) Director Janet M. Hansen sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $19.14, for a total transaction of $191,400.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
People's United Financial, Inc. (NASDAQ:PBCT) traded down $0.22 during trading on Friday, hitting $18.70. 1,803,175 shares of the stock traded hands, compared to its average volume of 2,733,364. People's United Financial, Inc. has a 52 week low of $15.97 and a 52 week high of $19.85. The firm has a market capitalization of $6,551.08, a price-to-earnings ratio of 20.55, a P/E/G ratio of 9.51 and a beta of 0.85. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.72.
People's United Financial (NASDAQ:PBCT) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. People's United Financial had a net margin of 19.32% and a return on equity of 6.28%. The company had revenue of $373.90 million during the quarter, compared to analyst estimates of $374.59 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. sell-side analysts forecast that People's United Financial, Inc. will post 1 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in shares of People's United Financial by 9,587.6% in the second quarter. Janus Henderson Group PLC now owns 4,212,281 shares of the bank’s stock valued at $74,389,000 after purchasing an additional 4,168,800 shares during the period. State Street Corp boosted its stake in shares of People's United Financial by 6.2% in the second quarter. State Street Corp now owns 39,968,330 shares of the bank’s stock valued at $705,843,000 after purchasing an additional 2,316,636 shares during the period. Vanguard Group Inc. boosted its stake in shares of People's United Financial by 5.9% in the second quarter. Vanguard Group Inc. now owns 34,847,557 shares of the bank’s stock valued at $615,409,000 after purchasing an additional 1,945,556 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of People's United Financial by 11.1% in the second quarter. Dimensional Fund Advisors LP now owns 9,215,243 shares of the bank’s stock valued at $162,743,000 after purchasing an additional 923,949 shares during the period. Finally, W. E. Donoghue & Co. LLC purchased a new position in shares of People's United Financial in the second quarter valued at $16,141,000. 75.52% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Week Herald and is owned by of Week Herald. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://weekherald.com/2017/12/30/janet-m-hansen-sells-10000-shares-of-peoples-united-financial-inc-pbct-stock.html.
People's United Financial Company Profile
People’s United Financial, Inc is a bank holding company and a financial holding company of People’s United Bank (the Bank). The Bank is engaged in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company operates through two segments: Commercial Banking and Retail Banking.
Receive News & Ratings for People's United Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People's United Financial and related companies with MarketBeat.com's FREE daily email newsletter.