Brokerage Firm Rating Update on Peoples United Financial (PBCT)

Peoples United Financial (PBCT) : 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Peoples United Financial (PBCT). Zacks Investment Research suggests a Hold with a rank of 3. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Sell with a rating of 3.76.

Peoples United Financial (PBCT) : Average target price received by Peoples United Financial (PBCT) is $13.83 with an expected standard deviation of $0.41. The most aggressive target on the stock is $14, whereas the most downbeat target is $13. 6 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Piper Jaffray upgrades its rating on Peoples United Financial (NASDAQ:PBCT). Analysts at the Piper Jaffray have a current rating of Neutral on the shares. The shares were previously rated Underweight. The rating by the firm was issued on June 29, 2016.

Peoples United Financial (NASDAQ:PBCT): The stock opened at $16.09 and touched an intraday high of $16.31 on Wednesday. During the day, the stock corrected to an intraday low of $16.02, however, the bulls stepped in and pushed the price higher to close in the green at $16.28 with a gain of 0.99% for the day. The total traded volume for the day was 2,412,947. The stock had closed at $16.12 in the previous trading session.

Peoples United Financial, Inc. is a savings and loan holding company. It is a holding company for Peoples United Bank (the Bank), a federally-chartered stock savings bank headquartered in Bridgeport, Connecticut. 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 Companys operates through three segments: Commercial Banking, Retail Banking and Wealth Management. In addition, the Treasury area manages the Companys securities portfolio, short-term investments, brokered deposits and wholesale borrowings. In addition to traditional banking activities, the Bank provides specialized financial services: personal, institutional and employee benefit trust; cash management, and municipal banking and finance.

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