Peoples United Financial (PBCT) : Zacks Investment Research ranks Peoples United Financial (PBCT) as 3, which is a Hold recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 3.76, which indicates as a Sell.
Peoples United Financial (PBCT) : The highest level Peoples United Financial (PBCT) is projected to reach is $17 for the short term and the lowest estimate is at $13. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $14.21 and the possibility the share price can swing is $1.07.
The shares have received a consensus rating of Sell for the current week Peoples United Financial (NASDAQ:PBCT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.48 and $15.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.45, notching a gain of 0.32% for the day. The total traded volume was 3,476,762 . The stock had closed at $15.40 on the previous day.
In a related news, Daukas Galan G, (Sr. Executive Vice President) of Peoples United Financial, Inc., unloaded 4,865 shares at an average price of $16.2 on July 21, 2015. The total amount of the transaction was worth $78,813, according to the disclosed information with 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.