People's United Financial (PBCT) is Upgraded by Piper Jaffray to Neutral, Price Target at $14

People's United Financial (PBCT) was Upgraded by Piper Jaffray to ” Neutral” and the brokerage firm has set the Price Target at $14. Earlier the firm had a rating of “Underweight ” on the company shares. Piper Jaffray advised their investors in a research report released on Jun 29, 2016.

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.

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.

People's United Financial closed down -1.24 points or -8.22% at $13.84 with 1,63,80,269 shares getting traded on Monday. Post opening the session at $14.42, the shares hit an intraday low of $13.8 and an intraday high of $14.68 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jul 23, 2015, Galan G Daukas (Sr. Executive Vice President) sold 4,865 shares at $16.20 per share price. According to the SEC, on Jun 18, 2015, Kirk W Walters (Sr Ex VP & Chief Fin’l Officer) sold 383,982 shares at $16.09 per share price. On Jun 18, 2015, Jeffrey Hoyt (Controller) sold 87,841 shares at $16.11 per share price, according to the Form-4 filing with the securities and exchange commission.

People’s United Financial Inc. is a savings and loan holding company. It is a holding company for People’s 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 Company’s operates through three segments: Commercial Banking Retail Banking and Wealth Management. In addition the Treasury area manages the Company’s 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.

People's United Financial

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