The Sr Ex VP, Gen Cnsl & Secretary of People’s United Financial (NASDAQ: PBCT) is Selling Shares

By Carrie Williams

Today, the Sr Ex VP, Gen Cnsl & Secretary of People’s United Financial (NASDAQ: PBCT), Robert Trautmann, sold shares of PBCT for $161.2K.

In addition to Robert Trautmann, 3 other PBCT executives reported Sell trades in the last month. Following Robert Trautmann’s last PBCT Sell transaction on August 19, 2016, the stock climbed by 0.8%.

Based on People’s United Financial’s latest earnings report from June 30, the company posted quarterly revenue of $363.9M and quarterly net profit of $68.5M. In comparison, last year the company earned revenue of $357M and had a net profit of $68.4M. PBCT’s market cap is $4.94B and the company has a P/E ratio of 17.85. The company has a one year high of $16.93 and a one year low of $13.62.

One of the top 25 analysts, according to TipRanks.com, recently recommended Hold PBCT with a $14 price target. Six different firms, including Barclays and Boenning & Scattergood, currently also have a Sell rating on the stock.

In the last 30 days, insiders have sold $161.2K worth of PBCT shares and purchased $1.4M worth of PBCT shares. The insider sentiment on People’s United Financial has been positive according to 52 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

People’s United Financial, Inc. is a savings and loan holding company. It provides commercial banking, retail and business banking and wealth management services to individual, corporate and municipal customers through People’s United Bank and its subsidiaries. The company operates through two segments: Commercial Banking and Retail and Business Banking. The Commercial Banking segment consists commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. This segment also includes the equipment financing operations of People’s Capital and Leasing Corp. and People’s United Equipment Finance Corp, as well as cash management, correspondent banking and municipal banking. The Retail and Business Banking segment includes as its principal business lines, business lending, consumer and business deposit gathering activities, consumer lending (including residential mortgage and home equity lending), and merchant services. This segment also includes brokerage, financial advisory services, investment management services and life insurance provided by People’s Securities, Inc. and non-institutional trust services. People’s United Financial was founded on November 2, 2006 and is headquartered in Bridgeport, CT.