People's United Financial Inc. Looks to Continue to Trade Ab...| MENAFN.COM

Wednesday, 19 January 2022 07:37 GMT

People's United Financial Inc. Looks to Continue to Trade Above its Annual-High Share Price Today


(MENAFN- Investor Brand Network)

People's United Financial Inc. (NASDAQ:PBCT) traded today at a new 52-week high of $21.32. So far today approximately 844,000 shares have been exchanged, as compared to an average 30-day volume of 4 million shares.

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.

People's United Financial Inc. (NASDAQ:PBCT) is currently priced 28.0% above its average consensus analyst price target of $15.35.

In the past 52 weeks, shares of People's United Financial Inc. have traded between a low of $13.36 and a high of $21.32 and is now at $21.30, which is 59% above that low price.

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