Peoples United Financial (PBCT) has been under a strong bear grip, hence the stock is down -2.29% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.78% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.32% in the last 1 week, and is up 1.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.65% and the 50-Day Moving Average is 1.42%.
Peoples United Financial (NASDAQ:PBCT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.52 and $15.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.47, notching a gain of 0.06% for the day. The total traded volume was 5,069,652 . The stock had closed at $15.46 on the previous day.
The company Insiders own 2.9% of Peoples United Financial shares according to the proxy statements. Institutional Investors own 81.72% of Peoples United Financial shares. During last six month period, the net percent change held by insiders has seen a change of -4.18%. In a related news,The (Sr. Executive Vice President) of Peoples United Financial, Inc., Daukas Galan G sold 4,865 shares at $16.2 on July 21, 2015. The Insider selling transaction had a total value worth of $78,813. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.