People's United Financial Reaches New 52-Week High (PBCT)
People's United Financial (Nasdaq:PBCT) hit a new 52-week high Tuesday as it is currently trading at $13.60, above its previous 52-week high of $13.58 with 261,234 shares traded as of 9:55 a.m. ET. Average volume has been 3.2 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- People's United Financial (Nasdaq: PBCT) hit a new 52-week high Tuesday as it is currently trading at $13.60, above its previous 52-week high of $13.58 with 261,234 shares traded as of 9:55 a.m. ET. Average volume has been 3.2 million shares over the past 30 days. People's United Financial has a market cap of $4.6 billion and is part of the financial sector and banking industry. Shares are up 11.8% year to date as of the close of trading on Monday. People's United Financial, Inc. operates as the bank holding company for People's United Bank that provides commercial banking, retail and business banking, and wealth management services to individual, corporate, and municipal customers. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates People's United Financial as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, attractive valuation levels, expanding profit margins, good cash flow from operations and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full People's United Financial Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.