Raymond James Sticks to Its Hold Rating for People’s United Financial (PBCT)

In a report released today, William Wallace from Raymond James maintained a Hold rating on People’s United Financial (PBCT). The company’s shares closed last Tuesday at $10.32, close to its 52-week low of $9.37.

According to TipRanks.com, Wallace is a 3-star analyst with an average return of 1.2% and a 54.4% success rate. Wallace covers the Financial sector, focusing on stocks such as Meridian Interstate Bancorp, Dime Community Bancshares, and Atlantic Union Bankshares.

People’s United Financial has an analyst consensus of Hold, with a price target consensus of $12.10.

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People’s United Financial’s market cap is currently $4.5B and has a P/E ratio of 8.80. The company has a Price to Book ratio of 1.00.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PBCT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

People’s United Financial, Inc. is a bank and financial holding company. It engages in the provision of commercial banking, retail and business banking, and wealth management services to individual, corporate and municipal customers. It operates through the following Commercial Banking, Retail Banking, Treasury and Others segments. The Commercial Banking segment consists commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. The Retail Banking segment comprises consumer lending, and consumer deposit gathering activities, consumer lending, and merchant services. The Treasury segment covers the securities portfolio, short-term investments, brokered deposits, wholesale borrowings, and the funding center. The Other segment includes the residual financial impact from the allocation of revenues and expenses. The company was founded on November 2, 2006 and is headquartered in Bridgeport, CT.

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