People’s United Financial Inc. [NASDAQ: PBCT] stock went on an upward path that rose over 14.92% on Monday, amounting to a one-week price increase of more than 18.94%. The company report on February 23, 2021 that SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of People’s United Financial, Inc. (NASDAQ:PBCT).
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of People’s United Financial, Inc. (“People’s United” or the “Company”) (NASDAQ:PBCT) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by M&T Bank Corporation (“M&T”) (NYSE:MTB). Under the terms of the agreement, People’s United shareholders will receive 0.118 of a share of M&T common stock for each People’s United share they own.
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The investigation concerns whether the People’s United Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether M&T is paying too little for the Company.
Over the last 12 months, PBCT stock rose by 10.62%. The one-year People’s United Financial Inc. stock forecast points to a potential downside of -18.01. The average equity rating for PBCT stock is currently 2.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $7.49 billion, with 418.00 million shares outstanding and 415.69 million shares in the current float. Compared to the average trading volume of 5.00M shares, PBCT stock reached a trading volume of 27810543 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on People’s United Financial Inc. [PBCT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PBCT shares is $15.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PBCT stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for People’s United Financial Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 07, 2021. While these analysts kept the previous recommendation, Seaport Global Securities raised their target price to Buy. The new note on the price target was released on December 17, 2020, representing the official price target for People’s United Financial Inc. stock. Previously, the target price had yet another raise to $14, while RBC Capital Mkts analysts kept a Sector Perform rating on PBCT stock.
The Average True Range (ATR) for People’s United Financial Inc. is set at 0.54, with the Price to Sales ratio for PBCT stock in the period of the last 12 months amounting to 4.12. The Price to Book ratio for the last quarter was 0.99, with the Price to Cash per share for the same quarter was set at 3.18. Price to Free Cash Flow for PBCT in the course of the last twelve months was 24.43.
PBCT Stock Performance Analysis:
People’s United Financial Inc. [PBCT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.94. With this latest performance, PBCT shares gained by 27.35% in over the last four-week period, additionally plugging by 71.46% over the last 6 months – not to mention a rise of 10.62% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PBCT stock in for the last two-week period is set at 82.97, with the RSI for the last a single of trading hit 88.26, and the three-weeks RSI is set at 78.33 for People’s United Financial Inc. [PBCT]. The present Moving Average for the last 50 days of trading for this stock 14.02, while it was recorded at 16.01 for the last single week of trading, and 12.03 for the last 200 days.
Insight into People’s United Financial Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and People’s United Financial Inc. [PBCT] shares currently have an operating margin of +28.22. People’s United Financial Inc.’s Net Margin is presently recorded at +25.83.
Return on Total Capital for PBCT is now 5.10, given the latest momentum, and Return on Invested Capital for the company is 6.11. Return on Equity for this stock inclined to 7.20, with Return on Assets sitting at 0.94. When it comes to the capital structure of this company, People’s United Financial Inc. [PBCT] has a Total Debt to Total Equity ratio set at 27.11. Additionally, PBCT Total Debt to Total Capital is recorded at 21.33, with Total Debt to Total Assets ending up at 3.40. Long-Term Debt to Equity for the company is recorded at 20.48, with the Long-Term Debt to Total Capital now at 15.62.
PBCT Stock EPS
With the latest financial reports released by the company, People’s United Financial Inc. posted 0.33/share EPS, while the average EPS was predicted by analysts to be reported at 0.23/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 43.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PBCT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for People’s United Financial Inc. go to 13.73%.
People’s United Financial Inc. [PBCT] Insider Position Details
There are presently around $5,698 million, or 78.20% of PBCT stock, in the hands of institutional investors. The top three institutional holders of PBCT stocks are: STATE STREET CORP with ownership of 60,773,210, which is approximately 13.142% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 46,802,201 shares of the stock with an approximate value of $843.38 million in PBCT stocks shares; and BLACKROCK INC., currently with $563.85 million in PBCT stock with ownership of nearly -14.797% of the company’s market capitalization.
Positions in People’s United Financial Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 245 institutional holders increased their position in People’s United Financial Inc. [NASDAQ:PBCT] by around 43,902,851 shares. Additionally, 245 investors decreased positions by around 31,879,833 shares, while 74 investors held positions by with 240,418,508 shares. The mentioned changes placed institutional holdings at 316,201,192 shares, according to the latest SEC report filing. PBCT stock had 91 new institutional investments in for a total of 9,206,425 shares, while 69 institutional investors sold positions of 7,835,178 shares during the same period.