People's United Financial Reaches New 52-Week High (PBCT)

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 Thursday as it is currently trading at $14.36, above its previous 52-week high of $14.35 with 2.9 million shares traded as of 12:10 p.m. ET. Average volume has been 3.5 million shares over the past 30 days.

People's United Financial has a market cap of $4.73 billion and is part of the financial sector and banking industry. Shares are up 18.2% year to date as of the close of trading on Wednesday.

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 20.1, 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 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.

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