Peoples United Financial (PBCT) : The consensus on Peoples United Financial (PBCT) based on 7 analyst recommendation on the company stock is 3.76, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Peoples United Financial (PBCT) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $14 and the lowest price target forecast is $13. The average forecast of all the analysts is $13.83 and the expected standard deviation is $0.41.
Also, Piper Jaffray upgrades its view on Peoples United Financial (NASDAQ:PBCT) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Underweight. The rating by the firm was issued on June 29, 2016.
Peoples United Financial (NASDAQ:PBCT): After opening at $15.89, the stock dipped to an intraday low of $15.82 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.01 and the buying power remained strong till the end. The stock closed at $15.93 for the day, a gain of 0.47% for the day session. The total traded volume was 4,439,193. The stocks close on the previous trading day was $15.855.
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.