Peoples United Financial (PBCT) Receives Price Target

Peoples United Financial (PBCT) : The highest short term price target forecast on Peoples United Financial (PBCT) is $14 and the lowest target price is $13. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $13.83 with a standard deviation of $0.41.

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.


Also, Piper Jaffray upgrades their rating on the shares of Peoples United Financial (NASDAQ:PBCT). The current rating of the shares is Neutral. Earlier, the shares were rated a Underweight by the brokerage firm. The rating by the firm was issued on June 29, 2016.

Peoples United Financial (NASDAQ:PBCT): The stock opened at $16.32 on Thursday but the bulls could not build on the opening and the stock topped out at $16.34 for the day. The stock traded down to $16.00 during the day, due to lack of any buying support eventually closed down at $16.18 with a loss of -0.43% for the day. The stock had closed at $16.25 on the previous day. The total traded volume was 2,653,484 shares.

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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