Price Target Update on Peoples United Financial (NASDAQ:PBCT)

Peoples United Financial (NASDAQ:PBCT) : The consensus price target for Peoples United Financial (NASDAQ:PBCT) is $14.43 for the short term with a standard deviation of $0.93. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $17, however, the pessimist price target for the company is $14.

Other Equity analysts have also commented 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.

Peoples United Financial (NASDAQ:PBCT): stock turned positive on Thursday. Though the stock opened at $15.61, the bulls momentum made the stock top out at $15.92 level for the day. The stock recorded a low of $15.47 and closed the trading day at $15.91, in the green by 3.11%. The total traded volume for the day was 3,409,497. The stock had closed at $15.43 in the previous days trading.

The company shares have dropped -5.86% 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 $15.42. 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.

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.

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