People’s United Financial, Inc. (NASDAQ:PBCT) Shares Bought by Neuburgh Advisers LLC

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Neuburgh Advisers LLC grew its position in People’s United Financial, Inc. (NASDAQ:PBCT) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,860 shares of the bank’s stock after buying an additional 1,224 shares during the quarter. Neuburgh Advisers LLC’s holdings in People’s United Financial were worth $5,752,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in PBCT. Texas Permanent School Fund boosted its stake in shares of People’s United Financial by 0.8% during the first quarter. Texas Permanent School Fund now owns 76,496 shares of the bank’s stock valued at $1,258,000 after acquiring an additional 577 shares during the last quarter. TrinityPoint Wealth LLC boosted its stake in shares of People’s United Financial by 3.1% during the first quarter. TrinityPoint Wealth LLC now owns 20,111 shares of the bank’s stock valued at $331,000 after acquiring an additional 606 shares during the last quarter. ETF Managers Group LLC boosted its stake in shares of People’s United Financial by 9.3% during the first quarter. ETF Managers Group LLC now owns 7,834 shares of the bank’s stock valued at $129,000 after acquiring an additional 669 shares during the last quarter. Bank of Hawaii boosted its stake in shares of People’s United Financial by 1.9% during the first quarter. Bank of Hawaii now owns 36,975 shares of the bank’s stock valued at $608,000 after acquiring an additional 706 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of People’s United Financial by 2.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 37,300 shares of the bank’s stock valued at $538,000 after acquiring an additional 740 shares during the last quarter. Institutional investors and hedge funds own 75.85% of the company’s stock.

NASDAQ:PBCT traded down $0.02 during mid-day trading on Wednesday, reaching $16.20. The company’s stock had a trading volume of 65,567 shares, compared to its average volume of 3,512,212. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39. People’s United Financial, Inc. has a twelve month low of $13.66 and a twelve month high of $19.19. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 5.84 and a beta of 1.21.

People’s United Financial (NASDAQ:PBCT) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. People’s United Financial had a return on equity of 8.16% and a net margin of 23.64%. The firm had revenue of $427.40 million for the quarter, compared to analyst estimates of $432.11 million. During the same period last year, the company earned $1.30 EPS. As a group, research analysts forecast that People’s United Financial, Inc. will post 1.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a $0.1775 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.38%. This is a positive change from People’s United Financial’s previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, April 30th. People’s United Financial’s dividend payout ratio (DPR) is presently 54.20%.

In other People’s United Financial news, insider Mark F. Herron sold 4,466 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $17.36, for a total value of $77,529.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by company insiders.

A number of analysts recently commented on PBCT shares. FIG Partners lowered People’s United Financial from an “outperform” rating to a “market perform” rating in a research note on Monday, April 22nd. BidaskClub lowered People’s United Financial from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. ValuEngine lowered People’s United Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Zacks Investment Research lowered People’s United Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.70.

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

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