Peoples United Financial (NASDAQ:PBCT) has tumbled 3.38% during the past week and has dropped 1.62% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.22%. Peoples United Financial (NASDAQ:PBCT) has underperformed the index by 2.52% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Peoples United Financial (NASDAQ:PBCT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.14 and $15.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.17, notching a gain of 0.20% for the day. The total traded volume was 7,332,072 . The stock had closed at $15.14 on the previous day.
The company shares have dropped -5.72% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $16.95 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $15.45 and the 200 Day Moving Average price is recorded at $15.47.
On the companys insider trading activities, The (Sr. Executive Vice President), of Peoples United Financial, Inc., Daukas Galan G had unloaded 4,865 shares at $16.2 per share in a transaction on July 21, 2015. The total value of transaction was $78,813. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Piper Jaffray downgrades the rating on Peoples United Financial (NASDAQ:PBCT). The brokerage firm has issued a Underweight rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on April 22, 2016. Currently the company Insiders own 2.9% of Peoples United Financial shares according to the proxy statements. Institutional Investors own 81.36% of Peoples United Financial shares. During last six month period, the net percent change held by insiders has seen a change of -4.18%.
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.