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People's United Financial, Inc. Buyback

OLI recorded this information on 11/26/2012

Company: People's United Financial, Inc.
Buyback: PBCT buyback
Share Amount Authorized: 33,600,000.00
Buyback Details: People's United Financial, Inc. announced that its Board of Directors approved a new share repurchase authorization. Earlier this quarter, the Company completed its previous share repurchase authorization, announced in October 2011, by purchasing 18 million shares (at a weighted average price of $12.08 per share) since that time. Under the new authorization, up to 10 percent of the Company's common shares outstanding, or 33.6 million shares, can be repurchased, either directly or through agents, in the open market at prices, times and terms satisfactory to management. The pending share repurchase activity will be financed using cash on hand and the proceeds from one or more debt financings. The timing of share repurchases and debt financings will be subject to market conditions.

People's United Financial is a bank holding company and a financial holding company. The principal business of Co. is to provide, through its subsidiary, People's United Bank, National Association and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. Co.'s segments are: Commercial Banking; which consists of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities; and Retail Banking, which includes, as its principal business lines, consumer lending (including residential mortgage and home equity lending) and consumer deposit gathering activities.

Peoples United Financial SEC Filing Email Alerts Service

Preferred: PBCTP


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Company Name:  People's United Financial Inc
Stock buyback:  PBCT buyback
Website:  www.peoples.com
Sector:  Banking & Savings
Number of ETFs Holding PBCT:  92
Total Market Value Held by ETFs:  $1.84B
Total Market Capitalization:  $6.14B
% of Market Cap. Held by ETFs:  29.94%
 

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January 25, 2021    1:18 AM Eastern
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Hold (2.43 out of 4)
8th percentile
(ranked lower than approx. 92% of all stocks covered)

Analysts' Target Price:
PBCT Stock Forecast

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