People's United Financial (PBCT) : Hanson Doremus Investment Management scooped up 718 additional shares in People's United Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 242,363 shares of People's United Financial which is valued at $3.6 Million.People's United Financial makes up approximately 1.69% of Hanson Doremus Investment Management’s portfolio.
Other Hedge Funds, Including , Pegasus Partners Ltd. reduced its stake in PBCT by selling 46,670 shares or 13.92% in the most recent quarter. The Hedge Fund company now holds 288,581 shares of PBCT which is valued at $4.3 Million. People's United Financial makes up approx 2.39% of Pegasus Partners Ltd.’s portfolio. Nine Chapters Capital Management sold out all of its stake in PBCT during the most recent quarter. The investment firm sold 216,400 shares of PBCT which is valued $3.3 Million.Bronfman E.l. Rothschild boosted its stake in PBCT in the latest quarter, The investment management firm added 95 additional shares and now holds a total of 414 shares of People's United Financial which is valued at $6,227. Sandy Spring Bank added PBCT to its portfolio by purchasing 435 company shares during the most recent quarter which is valued at $6,542. Quadrant Capital Group sold out all of its stake in PBCT during the most recent quarter. The investment firm sold 162 shares of PBCT which is valued $2,511.
People's United Financial opened for trading at $15.3 and hit $15.47 on the upside on Friday, eventually ending the session at $15.42, with a gain of 0.98% or 0.15 points. The heightened volatility saw the trading volume jump to 1,13,02,572 shares. Company has a market cap of $4,793,477 M.
On the company’s financial health, People's United Financial reported $0.21 EPS for the quarter, based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus estimate of $0.21.Analysts expectations of $ 329.41.During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on People's United Financial. People's United Financial was Downgraded by Piper Jaffray to ” Underweight” on Apr 22, 2016. Shares were Reiterated by Barclays on Apr 22, 2016 to “Underweight” and Lowered the Price Target to $ 14 from a previous price target of $15 .People's United Financial was Downgraded by Morgan Stanley to ” Underweight” on Apr 5, 2016.
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.