People's United Financial (PBCT) : Pensionfund Sabic scooped up 18,000 additional shares in People's United Financial during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 88,000 shares of People's United Financial which is valued at $1.4 Million.People's United Financial makes up approximately 0.42% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands boosted its stake in PBCT in the latest quarter, The investment management firm added 60,000 additional shares and now holds a total of 200,000 shares of People's United Financial which is valued at $3.1 Million. People's United Financial makes up approx 0.42% of Pensionfund Dsm Netherlands’s portfolio.
On the company’s financial health, People's United Financial reported $0.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jan 21, 2016. Analyst had a consensus of $0.23. The company had revenue of $332.10 million for the quarter, compared to analysts expectations of $323.77 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on People's United Financial. People's United Financial was Downgraded by Morgan Stanley to ” Underweight” on Apr 5, 2016. People's United Financial was Upgraded by Piper Jaffray to ” Neutral” on Jan 25, 2016. Company shares were Reiterated by Barclays on Jan 13, 2016 to “Underweight”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .
People's United Financial opened for trading at $15.45 and hit $15.67 on the upside on Monday, eventually ending the session at $15.46, with a gain of 0.55% or 0.085 points. The heightened volatility saw the trading volume jump to 31,72,610 shares. Company has a market cap of $4,799 M.
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.