Peoples United Financial (PBCT) : Traders are bullish on Peoples United Financial (PBCT) as it has outperformed the S&P 500 by a wide margin of 4.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.34%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.67% in the last 1 week, and is up 4.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.97% and the fifty day Moving Average is 5.09%. Peoples United Financial Inc. is up 1.25% in the last three month period. Year-to-Date the stock performance stands at 1.64%.
Peoples United Financial (PBCT) : 6 investment research analysts covering Peoples United Financial (PBCT) have an average price target of $13.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $14 and the lowest target is $13 for the short term. Analysts expect the variance to be within $0.41 of the average price.
Peoples United Financial (NASDAQ:PBCT): stock turned positive on Friday. Though the stock opened at $15.91, the bulls momentum made the stock top out at $15.97 level for the day. The stock recorded a low of $15.72 and closed the trading day at $15.87, in the green by 0.38%. The total traded volume for the day was 2,446,675. The stock had closed at $15.81 in the previous days trading.
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.