Peoples United Financial (PBCT) : Peoples United Financial (PBCT) had a healthy money flow of $1.65 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $5.68 million, whereas, investors only sold shares worth $4.03 million on downticks. The stock closed the day with an up-down ratio of 1.41.The money flow in the block trades to the tune of $1.78 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.78 million worth of transactions were on upticks. Peoples United Financial (PBCT) stock slid $0.1 intraday and traded at 15.29, a change of -0.65% over previous days close. However, for the week, the company shares are -1.16% compared to previous weeks close.
Also, Equity analysts at the Brokerage firm Piper Jaffray upgrades its rating on Peoples United Financial (NASDAQ:PBCT). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. The rating by the firm was issued on June 29, 2016.
Peoples United Financial (NASDAQ:PBCT): The stock opened at $15.47 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.47 for the day. The stock traded down to $15.28 during the day, due to lack of any buying support eventually closed down at $15.29 with a loss of -0.65% for the day. The stock had closed at $15.39 on the previous day. The total traded volume was 2,850,403 shares.
The stock has recorded a 20-day Moving Average of 2.25% and the 50-Day Moving Average is 0.1%. In a related news,The (Sr. Executive Vice President) of Peoples United Financial, Inc., Daukas Galan G sold 4,865 shares at $16.2 on July 21, 2015. The Insider selling transaction had a total value worth of $78,813. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Peoples United Financial, Inc. is a savings and loan holding company. It is a holding company for Peoples United Bank (the Bank), a federally-chartered stock savings bank headquartered in Bridgeport, Connecticut. The principal business of the Company is to provide, through the Bank and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Companys operates through three segments: Commercial Banking, Retail Banking and Wealth Management. In addition, the Treasury area manages the Companys securities portfolio, short-term investments, brokered deposits and wholesale borrowings. In addition to traditional banking activities, the Bank provides specialized financial services: personal, institutional and employee benefit trust; cash management, and municipal banking and finance.