People's United Financial, Inc. (NASDAQ:PBCT) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 21, 2016
Zacks Investment Research has downgraded People's United Financial, Inc. (NASDAQ:PBCT) to Sell in a statement released on 9/21/2016.
On Friday April 22, 2016, Barclays Capital released a statement on People's United Financial, Inc. (NASDAQ:PBCT) dropped the target price from $15.00 to $14.00 that suggested a downside of -0.13%.
Having a price of $15.72, People's United Financial, Inc. (NASDAQ:PBCT) traded 0.26% higher on the day. With the last close up 1.04% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PBCT has recorded a 50-day average of $15.76 and a two hundred day average of $15.56. Trade Volume was down over the average, with 2,046,566 shares of PBCT changing hands under the typical 3,627,360
Recent Performance Chart
People's United Financial, Inc. has 52 week low of $13.62 and a 52 week high of $16.93 with a PE ratio of 17.66 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 10 brokerages have issued a ratings update on the company. The average stock price target is $14.85 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 9 brokerages rating the stock a hold, 3 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On People's United Financial, Inc. (NASDAQ:PBCT)
People's United Financial, Inc. (People's United) is the bank holding company for People's United Bank, National Association (the Bank). The principal business of the Company is to provide, through the Bank and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company's segments include Commercial Banking, Retail Banking, Wealth Management, Treasury and Other. The Treasury area manages the Company's securities portfolio, short-term investments, brokered deposits and wholesale borrowings. Its traditional banking activities include secured and unsecured commercial and consumer loans, originating mortgage loans secured by residential and commercial properties, and accepting consumer, commercial and municipal deposits. The Bank provides specialized financial services, such as personal, institutional and employee benefit trust; cash management, and municipal banking and finance.
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