People's United Financial Reaches New 52-Week High (PBCT)
People's United Financial (Nasdaq:PBCT) hit a new 52-week high Wednesday as it is currently trading at $13.75, above its previous 52-week high of $13.73 with 597,991 shares traded as of 11 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 Wednesday as it is currently trading at $13.75, above its previous 52-week high of $13.73 with 597,991 shares traded as of 11 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 $4.48 billion and is part of the financial sector and banking industry. Shares are up 12% year to date as of the close of trading on Tuesday. 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 19.1, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates People's United Financial as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.