People's United Financial, Inc. (NASDAQ:PBCT) has been upgraded to Hold in a statement by Zacks Investment Research today.
- Updated: October 13, 2016
Just yesterday People's United Financial, Inc. (NASDAQ:PBCT) traded -1.87% lower at $15.46. People's United Financial, Inc.’s 50-day moving average is $15.90 and its 200-day moving average is $15.55. The last stock price is down -0.69% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,140,811 shares of PBCT traded hands, down from an average trading volume of 2,977,480
Zacks Investment Research has upgraded People's United Financial, Inc. (NASDAQ:PBCT) to Hold in a report released on 10/13/2016.
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 17.35 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 research note 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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