RBC Capital Maintains Their Hold Rating on People’s United Financial (PBCT)


RBC Capital analyst Steven Duong maintained a Hold rating on People’s United Financial (PBCT) on February 22 and set a price target of $19.00. The company’s shares closed last Tuesday at $18.73, close to its 52-week high of $18.77.

According to TipRanks.com, Duong is a 5-star analyst with an average return of 40.2% and a 81.5% success rate. Duong covers the Financial sector, focusing on stocks such as Provident Financial Services, Valley National Bancorp, and First Commonwealth.

Currently, the analyst consensus on People’s United Financial is a Moderate Buy with an average price target of $16.05.

See today’s analyst top recommended stocks >>

Based on People’s United Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $485 million and net profit of $208 million. In comparison, last year the company earned revenue of $507 million and had a net profit of $137 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.

Read More on PBCT:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts