PBCT - People's United Financial Inc. Looks to Continue to Trade Above its Annual-High Share Price Today
Shares of People's United Financial Inc. (NASDAQ:PBCT) traded at a new 52-week high today of $20.70. This new high was reached on below average trading volume as 844,000 shares traded hands, while the average 30-day volume is approximately 4.1 million shares.
In the past 52 weeks, People's United Financial Inc. share prices are bracketed by a low of $13.36 and a high of $20.70 and is now at $20.34, 52% above that low price.
People's United Financial Inc. (NASDAQ:PBCT) is currently priced 27.2% above its average consensus analyst price target of $14.80.
People's United Financial Inc has nearly $39 billion of assets. People's United Bank is one of the New England-based banks and among the top 50 in the U.S. Of the bank's 405 locations, 40% are in Connecticut, where it ranks third by deposit market share. It also ranks among the top 10 in Vermont, New Hampshire, and Maine. The bank offers brokerage, financial advisory and wealth management, and insurance services. Commercial real estate accounts for 35% of the loan book, C&I and equipment financing accounts for another 35%, and the rest is in mortgages and consumer.
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