Wall Street Analyst Downgrade People’s United Financial Inc. [PBCT]. What else is Wall St. saying

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People’s United Financial Inc. [NASDAQ: PBCT] plunged by -$0.18 during the normal trading session on Thursday and reaching a high of $18.05 during the day while it closed the day at $17.70. The company report on November 5, 2021 that People’s United Financial, Inc. Announces Annual Shareholders Meeting Date.

People’s United Financial, Inc. (the “Company”) (NASDAQ: PBCT), the holding company for People’s United Bank, N.A., announced today that the Annual Meeting of Shareholders (the “2021 Annual Meeting”) will be held on Thursday, December 16, 2021, at 2:00 p.m. The close of business on November 16, 2021, has been set as the record date for determination of shareholders entitled to notice of, and to vote at, the 2021 Annual Meeting.


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The Company has rescheduled the 2021 Annual Meeting in order to comply with NASDAQ corporate governance requirements. The 2021 Annual Meeting had been delayed due to the pending merger of the Company with M&T Bank Corporation (the “Merger”). If all closing conditions for the completion of the Merger, including receipt of approval from the Board of Governors of the Federal Reserve System, are satisfied or waived prior to December 16, 2021, the 2021 Annual Meeting will not be held.

People’s United Financial Inc. stock has also gained 2.79% of its value over the past 7 days. However, PBCT stock has inclined by 1.32% in the 3 months of the year. Over the past six months meanwhile, it has gained 1.72% and gained 36.89% year-on date.

The market cap for PBCT stock reached $7.48 billion, with 421.40 million shares outstanding and 418.63 million shares in the current float. Compared to the average trading volume of 4.52M shares, PBCT reached a trading volume of 2740266 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $19.26 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 0.51, with the Price to Sales ratio for PBCT stock in the period of the last 12 months amounting to 4.56. 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 19.88. Price to Free Cash Flow for PBCT in the course of the last twelve months was 9.69.

PBCT stock trade performance evaluation

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 2.79. With this latest performance, PBCT shares gained by 3.87% in over the last four-week period, additionally plugging by 1.72% over the last 6 months – not to mention a rise of 36.68% 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 51.95, with the RSI for the last a single of trading hit 54.36, and the three-weeks RSI is set at 51.07 for People’s United Financial Inc. [PBCT]. The present Moving Average for the last 50 days of trading for this stock 17.84, while it was recorded at 17.75 for the last single week of trading, and 17.45 for the last 200 days.

People’s United Financial Inc. [PBCT]: An insightful look at the core 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 +31.21. People’s United Financial Inc.’s Net Margin is presently recorded at +9.90.

Return on Total Capital for PBCT is now 5.67, given the latest momentum, and Return on Invested Capital for the company is 2.44. 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 31.93. Additionally, PBCT Total Debt to Total Capital is recorded at 24.20, with Total Debt to Total Assets ending up at 3.85. Long-Term Debt to Equity for the company is recorded at 16.66, with the Long-Term Debt to Total Capital now at 12.22.

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 per share (EPS) analysis for People’s United Financial Inc. [PBCT] stock

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%.

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People’s United Financial Inc. [PBCT]: Insider Ownership positions

There are presently around $5,560 million, or 74.50% of PBCT stock, in the hands of institutional investors. The top three institutional holders of PBCT stocks are: STATE STREET CORP with ownership of 55,337,678, which is approximately 15.753% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 47,073,900 shares of the stock with an approximate value of $841.68 million in PBCT stocks shares; and BLACKROCK INC., currently with $625.26 million in PBCT stock with ownership of nearly -0.344% of the company’s market capitalization.

Positions in People’s United Financial Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 249 institutional holders increased their position in People’s United Financial Inc. [NASDAQ:PBCT] by around 31,720,430 shares. Additionally, 199 investors decreased positions by around 28,102,388 shares, while 96 investors held positions by with 251,150,882 shares. The mentioned changes placed institutional holdings at 310,973,700 shares, according to the latest SEC report filing. PBCT stock had 74 new institutional investments in for a total of 5,625,898 shares, while 49 institutional investors sold positions of 10,204,176 shares during the same period.