Peoples United Financial (PBCT) : Analyst Rating Update

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 Sell with a rank of 4. 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) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $17 and the lowest price target forecast is $13. The average forecast of all the analysts is $14.29 and the expected standard deviation is $1.07.

Peoples United Financial (NASDAQ:PBCT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.35 and $14.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.54, notching a gain of 1.04% for the day. The total traded volume was 4,341,712 . The stock had closed at $14.39 on the previous day.

Also, Piper Jaffray upgrades their rating on the shares of Peoples United Financial (NASDAQ:PBCT). The current rating of the shares is Neutral. Earlier, the shares were rated a Underweight by the brokerage firm. The rating by the firm was issued on June 29, 2016. The company shares have dropped -9.61% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $16.93 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $15.34 and the 200 Day Moving Average price is recorded at $15.32.

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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