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

NEW YORK ( TheStreet) -- People's United Financial (Nasdaq: PBCT) hit a new 52-week high Friday as it is currently trading at $15.17, above its previous 52-week high of $15.11 with 4.7 million shares traded as of 3:55 p.m. ET. Average volume has been 3.9 million shares over the past 30 days.

People's United Financial has a market cap of $4.96 billion and is part of the financial sector and banking industry. Shares are up 24% 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.

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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 solid stock price performance, reasonable valuation levels, 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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