Lee Danner Bass Inc Lowers stake in People's United Financial (PBCT)

People's United Financial (PBCT) : Lee Danner Bass Inc reduced its stake in People's United Financial by 1.92% during the most recent quarter end. The investment management company now holds a total of 858,535 shares of People's United Financial which is valued at $12,938,122 after selling 16,800 shares in People's United Financial , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.People's United Financial makes up approximately 1.57% of Lee Danner Bass Inc’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in PBCT in the latest quarter, The investment management firm added 14,136 additional shares and now holds a total of 58,161 shares of People's United Financial which is valued at $876,486. People's United Financial makes up approx 0.02% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Botty Investors reduced its stake in PBCT by selling 4,615 shares or 15.05% in the most recent quarter. The Hedge Fund company now holds 26,040 shares of PBCT which is valued at $401,537. People's United Financial makes up approx 0.22% of Botty Investors’s portfolio.Nordea Investment Management Ab boosted its stake in PBCT in the latest quarter, The investment management firm added 672 additional shares and now holds a total of 8,314 shares of People's United Financial which is valued at $127,121. Weaver C. Barksdale Associates sold out all of its stake in PBCT during the most recent quarter. The investment firm sold 47,413 shares of PBCT which is valued $721,626.

People's United Financial closed down -0.04 points or -0.26% at $15.44 with 20,94,170 shares getting traded on Monday. Post opening the session at $15.52, the shares hit an intraday low of $15.4 and an intraday high of $15.59 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, People's United Financial reported $0.21 EPS for the quarter, based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus estimate of $0.21.Analysts expectations of $ 329.41.During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on People's United Financial. Piper Jaffray Upgraded People's United Financial on Jun 29, 2016 to ” Neutral”, Price Target of the shares are set at $14.

People’s United Financial Inc. is a savings and loan holding company. It is a holding company for People’s 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 Company’s operates through three segments: Commercial Banking Retail Banking and Wealth Management. In addition the Treasury area manages the Company’s 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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