People’s United Financial, Inc. (NASDAQ:PBCT) Closed 6.3% Above Its 50 Day Average


Shares last traded at $18.75 which is a tad above $17.64, the stock’s 50 day moving average and which is marginally over the 200 day moving average of $17.41. The 50 day moving average went up by +6.29% and the 200 day average went up by +7.69%. People’s United Financial, Inc. shares had a trading volume of 3,267K in the last trading session. Overall, volume was up 16.05% over the stocks normal daily volume.

Investors are a little more bullish on shares of the company of late as inferred by the fall in short interest. The company recorded a fall in short interest of -3.48% as of September 29, 2017 from the last reporting period. Short shares fell 861,046 over that timeframe. Days to cover increased 2.0 to 12.0 and the short interest percentage is 0.07% as of September 29.

The following firms have recently changed their position in PBCT. State Treasurer State Of Michigan downsized its investment by selling 7,600 shares a decrease of 6.8%. State Treasurer State Of Michigan currently owns 104,475 shares worth $1,895,000. The total value of its holdings decreased 4.2%. As of the end of the quarter Viking Fund Management LLC had acquired 3,000 shares growing its stake by 1.7%. The value of the total investment in People’s United Financial, Inc. went from $3,091,000 to $3,229,000 a change of $138,000 for the reporting period.

Mycio Wealth Partners, LLC grew its holdings by buying 98,542 shares an increase of 708.1% from 06/30/2017 to 09/30/2017. Mycio Wealth Partners, LLC now controls 112,459 shares with a value of $2,040,000. The value of the position overall is up by 729.3%. As of quarter end Robeco Institutional Asset Management B.v. had sold a total of 558,575 shares trimming its position 53.2%. The value of the investment in People’s United Financial, Inc. decreased from $18,546,000 to $8,917,000 decreasing 51.9% quarter over quarter.

In the market the company is trading down from yesterday’s close of 18.89. People’s United Financial, Inc. declared a dividend to be paid on Wednesday the 15th of November 2017. The dividend will be $0.173 per share for the quarter or $0.69 on an annualized basis. This dividend represents a yield of $3.76 which is the dividend as a percentage of the current share price. The ex-dividend date is Friday the 28th of July 2017.

The P/E ratio is currently 20.97 and the market cap is 6.33B. In the latest earnings report the EPS was $0.89 and is estimated to be $0.93 for the current year with 337,510,000 shares now outstanding. Next quarter’s EPS is expected be $0.27 with next year’s EPS projected to be $1.12.

People’s United Financial, Inc., launched on November 2, 2006, is a bank holding company and a financial holding company of People’s United Bank (the Bank). The Bank is involved in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company operates through two segments: Commercial Banking and Retail Banking. Commercial Banking segment is involved in commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. It also offers cash management, correspondent banking, municipal banking, institutional trust services, corporate trust, insurance services and private banking, among others. Retail Banking segment provides consumer lending (including residential mortgage and home equity lending) and consumer deposit gathering activities. The Retail Banking segment also includes brokerage, financial advisory services, investment management services, and life insurance and non-institutional trust services..