Analysts Downgrades Report: People’s United Financial (NASDAQ:PBCT)

People’s United Financial, Inc. (NASDAQ:PBCT) received a stock rating downgrade from Morgan Stanley on Apr-05-16. In a note to investors, the firm issued an Underweight rating. The analysts previously had an Equal-Weight rating on the stock.

The 52-week price range is $ 13.46 – 16.73 and the company has a market capitalization of $ 4.80B. Analysts covering the shares maintain a consensus Hold rating, according to Zacks Investment Research. 2 analyst has rated the stock with a sell rating, 8 has assigned a hold rating, zero says it’s a buy, and zero have assigned a strong buy rating to the company.

People’s United Financial, Inc. (PBCT) announced on March 24, 2016 it will host a conference call to discuss its first quarter 2016 results on Thursday, April 21, 2016 at 8 a.m. ET, following the release of results at approximately 7 a.m.

The call will be broadcast live through the company’s website peoples.com. It is accessible by selecting “Investor Relations” in the “About Us” section on the homepage, and then selecting “Conference Call” in the “News and Events” section.

The call will be archived on the site and available for retrieval for approximately 90 days.

People’s United Financial, Inc. operates as the bank holding company for People’s United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking. The Commercial Banking segment offers commercial real estate lending, commercial and industrial lending, and commercial deposit gathering services. This segment also provides equipment financing; cash management, correspondent banking, and municipal banking services; institutional trust, corporate trust, private banking, and insurance services. The Retail Banking segment offers consumer lending, including residential mortgage and home equity lending; and consumer deposit gathering services. This segment also provides brokerage, financial advisory, investment management, life insurance, and non-institutional trust services. The company also offers online banking, investment trading, and telephone banking services. It operates through a network of 396 branches and 594 ATMs in Connecticut, southeastern New York, Massachusetts, Vermont, New Hampshire, and Maine. People’s United Financial, Inc. was founded in 1842 and is headquartered in Bridgeport, Connecticut.

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