Equities research analysts at Keefe, Bruyette & Woods hoisted their price objective on shares of People’s United Financial (NASDAQ:PBCT) from $13.00 to $14.00 in a research note issued to investors on Friday, Analyst Ratings Network reports. Keefe, Bruyette & Woods’ price target indicates a potential downside of 9.56% from the stock’s previous close.
Shares of People’s United Financial (NASDAQ: PBCT) traded up 0.78% during mid-day trading on Friday, hitting $15.60. People’s United Financial has a 52 week low of $11.20 and a 52 week high of $15.58. The stock’s 50-day moving average is currently $14.56. The company has a market cap of $4.844 billion and a P/E ratio of 21.50.
People’s United Financial (NASDAQ:PBCT) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. During the same quarter in the previous year, the company posted $0.20 earnings per share. Analysts expect that People’s United Financial will post $0.78 EPS for the current fiscal year.
A number of other firms have also recently commented on PBCT. Analysts at Barclays Capital reiterated an “equal weight” rating on shares of People’s United Financial in a research note to investors on Tuesday, July 9th. They now have a $14.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of People’s United Financial from $12.50 to $13.00 in a research note to investors on Monday, July 1st. Finally, analysts at JP Morgan Cazenove upgraded shares of People’s United Financial from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, June 18th.
Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. People’s United Financial presently has a consensus rating of “Hold” and a consensus price target of $13.44.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a dividend of $0.16 per share. This represents a $0.65 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Tuesday, July 30th.
People’s United Financial, Inc (NASDAQ: PBCT) is a savings and loan holding company.