People’s United Financial (NASDAQ:PBCT) Rating Maintained

The company have set price target of $20.0 on People’s United Financial (NASDAQ:PBCT) shares. This is 7.18 % from the last stock price. In a note issued to investors and clients on 2 January, Barclays kept their Underweight rating on shares of PBCT.

NASDAQ:PBCT is right now trading 0.83% higher at $18.24 as of 10:07 AM New York time. People’s United Financial’s stock is 0% over the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has surged 6.00% over the same time.

According to data compiled by Thomson Reuters, People’s United Financial (NASDAQ:PBCT)’s stock is covered by 10 equity analysts across the Street, with 4 analysts giving it a Sell rating, 0 a Buy rating, while 9 consider it a Hold. The 12-month consensus target price for the stock is $14.85, which reflects an downside potential of 18.59% over the current price.

Institutional Ownership

Hamlin Capital Management Llc had the biggest stake with ownership of 3.81M shares as of q2 2015 for 2.78% of the US long equity exposure. Butensky & Cohen Financial Security Inc is another notably bullish fund who is owning 131,225 shares of People’s United Financial or 2% of their US long equity exposure. In addition, Iberiabank Corp have 1.91% of their US long equity exposure invested in the company for 283,064 shares. The Vermont-based fund Hanson & Doremus Investment Management disclosed it had bought so far a stake worth about 1.78% of the fund’s stock portfolio in People’s United Financial. The Texas-based fund Hourglass Capital Llc is also positive about the stock, possessing 242,693 shares or 1.71% of their US long equity exposure.

People’s United Financial (NASDAQ:PBCT) Profile

People’s United Financial, Inc. is a bank holding company and a financial holding company of People’s United Bank (the Bank). The Bank is engaged in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company operates through two segments: Commercial Banking and Retail Banking.

People’s United Financial (NASDAQ:PBCT) traded up 0.83% on 2 January, hitting $18.24. A total of 1.27M shares of the company’s stock traded hands. This is down from average of 2.15M shares. People’s United Financial has a 52 week low of $15.46 and a 52 week high of $20.13. The company has a market cap of $6.28B and a P/E ratio of 20.39.

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The post People’s United Financial (NASDAQ:PBCT) Stock Underweight Rating Reaffirmed at Barclays; The TP Given is $20.0 appeared first on Octafinance.