People's United Financial downgraded by Jefferies with a new price target
$PBCT
Savings Institutions
Finance
Jefferies downgraded People's United Financial from Buy to Hold and set a new price target of $18.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/4/2022 | $18.00 → $17.00 | Equal-Weight | Wells Fargo |
| 12/6/2021 | $21.00 → $22.75 | Equal-Weight | Morgan Stanley |
| 10/7/2021 | $17.14 → $18.00 | Equal-Weight | Wells Fargo |
| 8/2/2021 | $21.00 → $20.50 | Equal-Weight | Morgan Stanley |
Wells Fargo reiterated coverage of People's United Finl with a rating of Equal-Weight and set a new price target of $17.00 from $18.00 previously
Morgan Stanley reiterated coverage of People's United Finl with a rating of Equal-Weight and set a new price target of $22.75 from $21.00 previously
Wells Fargo reiterated coverage of People's United Finl with a rating of Equal-Weight and set a new price target of $18.00 from $17.15 previously
Orrino Brings Extensive Experience in Real Estate Capital Markets and Securitized Products to New Role within M&T Investment Banking NEW YORK, Aug. 1, 2022 /PRNewswire/ -- M&T Bank (NYSE:MTB) ("M&T") announced that Matthew T. Orrino has been named a Managing Director and head of Institutional Commercial Real Estate (CRE) Capital Markets at M&T Investment Banking. Hired by the Corporate & Investment Bank ("CIB"), Orrino will be focused on expanding M&T Bank's Institutional CRE Capital Markets solutions for its new and existing customer base and will be located in New York City.
NEW YORK, March 29, 2022 /PRNewswire/ -- S&P MidCap 400 constituent Camden Property Trust (NYSE:CPT) will replace People's United Financial Inc. (NASD: PBCT) in the S&P 500, S&P SmallCap 600 constituent Matador Resources Co. (NYSE:MTDR) will replace Camden Property Trust in the S&P MidCap 400 and Vir Biotechnology, Inc. (NASD: VIR) will replace Matador Resources in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 4. S&P 500 constituent M&T Bank Corp. (NYSE:MTB) is acquiring People's United Financial in a deal expected to be completed on or about April 4. Following is a summary of the changes that will take place prior to the open of trading on the effective d
BUFFALO, N.Y. and BRIDGEPORT, Conn., March 7, 2022 /PRNewswire/ -- M&T Bank Corporation (NYSE:MTB) ("M&T") and People's United Financial, Inc. (NASDAQ:PBCT) ("People's United") jointly announced today the closing of the previously announced merger between the two companies is expected to occur on or about April 1, 2022, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement. Customers will continue to be served through their respective M&T and People's United branches, websites, mobile apps, financial advisors, and relationship managers until systems conversion is complete, which is expected to occur in the third quarter of 2022.
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BRIDGEPORT, Conn., Feb. 18, 2021 /PRNewswire/ -- People's United Bank, N.A. a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT) today announced that Stephen Hoffman was appointed Managing Director, Utilities, Power and Renewable Energy, Corporate Banking. The newly formed Corporate Banking specialization will focus on clients both public and private that build, own, and operate energy infrastructure. People's United's focus on renewable energy is a part of their commitment to be a part of and support the major transition toward clean power that is underway in the country's energy industry. Under Hoffman's leadership, the team will deliver a wide range of financing, risk, and tre
BRIDGEPORT, Conn., Jan. 20, 2022 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ:PBCT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3515625 per share on the Company's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, subject to and conditioned upon the effective time of the merger between the Company and M&T Bank Corporation not occurring prior to the close of business on March 1, 2022. The dividend is payable on March 15, 2022, to shareholders of record at the close of business on March 1, 2022. People's United Fi
BRIDGEPORT, Conn., Jan. 20, 2022 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ:PBCT) today reported results for the fourth quarter and full year of 2021. These results along with comparison periods are summarized below: ($ in millions, except per common share data) Three Months Ended Twelve Months Ended Dec. 31, 2021 Sep. 30, 2021 Dec. 31, 2020 Dec. 31, 2021 Dec. 31, 2020 Net income (loss) $ 149.9 $ 139.7 $ (145.3) $ 604.9 $ 219.6 Net income (loss) available 146.4 136.2 (148.8) 590.8 205.5 to common shareholders Per common share
BRIDGEPORT, Conn., Jan. 13, 2022 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ:PBCT) announced today it will release its fourth quarter and full-year 2021 earnings results on Thursday, January 20, 2022, at approximately 4 p.m. EST. The press release and financial tables will be available on the company's investor relations website: www.peoples.com/about-us/investor-relations. About People's United BankPeople's United Bank, N.A. is a subsidiary of People's United Financial, Inc., a diversified, community-focused financial services company headquartered in the Northeas
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