The Online Investor
PBCT Buyback image

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 reportable segments are: Commercial Banking, which includes commercial real estate lending, middle market and business banking, mortgage warehouse and asset-based lending; and Retail Banking, which includes consumer lending (including residential mortgage and home equity lending) and consumer deposit gathering activities.

Peoples United Financial SEC Filing Email Alerts Service

Preferred: PBCTP


Open the PBCT Page at The Online Investor »

Company Name: 
People's United Financial Inc
Stock buyback: 
PBCT buyback
Website: 
www.peoples.com
Sector: 
Banking & Savings
Number of ETFs Holding PBCT: 
90
Total Market Value Held by ETFs: 
$2.26B
Total Market Capitalization: 
$7.76B
% of Market Cap. Held by ETFs: 
29.13%
 

Open the PBCT Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Hold (2.00 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
PBCT Stock Forecast

Based on Zacks ABR data;
powered by Xignite

PBCT Buyback Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.