People’s United Financial Inc. [PBCT] is 34.15% higher this YTD. Is it still time to buy?

People’s United Financial Inc. [NASDAQ: PBCT] traded at a low on 04/22/21, posting a -2.56 loss after which it closed the day’ session at $17.34. The company report on April 23, 2021 that People’s United Financial Declares Cash Dividend on Preferred Stock.

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People’s United Financial, Inc. (NASDAQ: PBCT) announced that its Board of Directors declared a quarterly cash dividend of $0.3515625 per share on the Company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock. The dividend is payable on June 15, 2021 to shareholders of record at the close of business on June 1, 2021.

People’s United Financial, Inc., a diversified, community-focused financial services company with more than $64 billion in total assets, offers commercial and retail banking through a network of more than 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, as well as wealth management solutions. The company also provides specialized commercial services to customers nationwide.

The results of the trading session contributed to over 7373404 shares changing hands. Over the past one week, the price volatility of People’s United Financial Inc. stands at 3.01% while the volatility over the past one month is 2.53%.

The market cap for PBCT stock reached $7.42 billion, with 426.37 million shares outstanding and 421.61 million shares in the current float. Compared to the average trading volume of 5.74M shares, PBCT reached a trading volume of 7373404 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $18.39 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 3.00. 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.

Seaport Global Securities have made an estimate for People’s United Financial Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 06, 2021. The new note on the price target was released on February 26, 2021, representing the official price target for People’s United Financial Inc. stock. Previously, the target price had yet another raise to $16, while Jefferies analysts kept a Buy rating on PBCT stock.

The Average True Range (ATR) for People’s United Financial Inc. is set at 0.49, with the Price to Sales ratio for PBCT stock in the period of the last 12 months amounting to 4.09. 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 10.55. Price to Free Cash Flow for PBCT in the course of the last twelve months was 13.99.

How has PBCT stock performed recently?

People’s United Financial Inc. [PBCT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.15. With this latest performance, PBCT shares gained by 1.67% in over the last four-week period, additionally plugging by 64.88% over the last 6 months – not to mention a rise of 58.26% 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 44.58, with the RSI for the last a single of trading hit 39.79, and the three-weeks RSI is set at 48.53 for People’s United Financial Inc. [PBCT]. The present Moving Average for the last 50 days of trading for this stock 17.63, while it was recorded at 17.68 for the last single week of trading, and 13.35 for the last 200 days.

People’s United Financial Inc. [PBCT]: Deeper insight into the 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 +31.24. People’s United Financial Inc.’s Net Margin is presently recorded at +9.91.

Return on Total Capital for PBCT is now 5.67, given the latest momentum, and Return on Invested Capital for the company is 2.43. Return on Equity for this stock inclined to 2.82, with Return on Assets sitting at 0.36. 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 31.99. Additionally, PBCT Total Debt to Total Capital is recorded at 24.24, with Total Debt to Total Assets ending up at 3.86. Long-Term Debt to Equity for the company is recorded at 16.72, with the Long-Term Debt to Total Capital now at 12.26.

Reflecting on the efficiency of the workforce at the company, People’s United Financial Inc. [PBCT] managed to generate an average of $36,679 per employee.

Earnings analysis for People’s United Financial Inc. [PBCT]

With the latest financial reports released by the company, People’s United Financial Inc. posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.10%. 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%.

Insider trade positions for People’s United Financial Inc. [PBCT]

There are presently around $5,274 million, or 74.80% 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 $811.78 million in PBCT stocks shares; and BLACKROCK INC., currently with $542.73 million in PBCT stock with ownership of nearly -14.797% of the company’s market capitalization.

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Positions in People’s United Financial Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 242 institutional holders increased their position in People’s United Financial Inc. [NASDAQ:PBCT] by around 30,647,401 shares. Additionally, 253 investors decreased positions by around 34,039,510 shares, while 73 investors held positions by with 239,380,549 shares. The mentioned changes placed institutional holdings at 304,067,460 shares, according to the latest SEC report filing. PBCT stock had 92 new institutional investments in for a total of 8,608,134 shares, while 77 institutional investors sold positions of 8,303,721 shares during the same period.

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