How People’s United Financial Inc. (PBCT) Is Doing Technically?

The stock of People’s United Financial Inc. (NASDAQ:PBCT) increased by remained unchanged at $18.72, up 0.11 percent. The last five days have seen an average of 4,008,800 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $5.79. The average number of shares traded over the last 20 days was 3,523,745, while the average volume over the last 50 days totaled 3,284,862.

PBCT stock appreciated 12.77% since last month. On 09/23/21, the company’s shares reached a one-month low of $16.06. The stock touched a high of $19.62 on 05/18/21, after rallying from a low of $10.38 in 52 weeks. The price of PBCT stock has risen by 44.78% or $5.79 this year, reaching a new high 19 times. Still, the stock price is down -4.59% from the 52-week high.


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Insider Transactions

There have been 157 days since People’s United Financial Inc. (PBCT) last reported insider trading activity on May 21. On May 21, Sr Ex VP & Chief Admin Officer Powlus Lee C sold 7,253 shares at $19.05 each. This transaction resulted in the insider making $138,150. On May 18, Rosato R David sold 15,209 shares at a price of US$19.47. After the transaction, the insider now owns 128,863 shares. Executive Vice President Herron Mark F had earlier sold 4,000 shares on May 13 for $18.96 a share. The transaction was completed for $75,840.

Valuation Metrics

People’s United Financial Inc. (PBCT) has a trailing price-to-earnings (P/E) ratio of 27.13. This level actually compares unfavorably with the industry at large, as the PE for the Banks – Regional industry stands at about 13.46. Further, its PE also compares unfavorably with the Financial sector’s trailing 12 months PE ratio, which comes in at 13.15 right now. The PE ratio of People’s United Financial Inc. has varied between 21.98 and 7.488 in the last five years. Beta for the stock is 1.15. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.88, the price-to-book (PB) ratio of 1.05, and the price-to-cash flow ratio of 10.43.

People’s United Financial Inc.’s dividend is $0.73 per share per year. With a dividend yield of 3.90%, PBCT has a payout ratio of 137.20%. Company paid $0.1825 per share in dividends, a decrease of -0.27% from $0.1830 last year. A $0.0005 dividend decrease was reported on Thursday October 21 2021, making it the 28 consecutive year the dividend has increased. Over the last three years, dividends have increased by 4.36%.

People’s United Financial Inc.’s operating margin stood at 89.70% for the same period. Based on annual data, it had gross profit of $1.58 billion and revenue of $1.81 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PBCT’s return on assets (ROA) during the last 12 months has been 0.30%. There was a 16.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.90%. ROE has averaged 11.10 in the past year for the broader industry.

Earnings Surprise

According to People’s United Financial Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that People’s United Financial Inc.’s quarterly earnings would be $0.41, but it ended up being $0.35, beating the consensus by 17.10%. At the end of People’s United Financial Inc.’s most recent quarter ended June 29, its total debt was $2.33 billion. Equity owned by shareholders amounts to $427.95 million.

Technical Picture

Here’s a quick look at People’s United Financial Inc.’s (PBCT) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 74.14%, suggesting the stock is Overbought, with a 29.95% historical volatility rate.

The stochastic %K and %D were 91.51% and 81.27% respectively, while the average true range (ATR) was 0.48. Based on the 14-day stochastic reading of 83.16%, the RSI (14) reading is 70.13%. On the 9-day MACD Oscillator, the stock is at 0.71, and the 14-day reading is at 0.76.

Analyst Ratings

People’s United Financial Inc. (NASDAQ: PBCT) was downgraded by Seaport Global Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy.

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