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PBCT

People's United

$18.32

-0.02 (-0.11%)

16:07
07/19/18
07/19
16:07
07/19/18
16:07

People's United acquires Vend Lease Company,

People's United has acquired Vend Lease Company, a nationwide provider of equipment financing to suppliers and vendors primarily in the hospitality industry. Headquartered in Baltimore, MD, Vend Lease will become a division of the bank's operating subsidiary, LEAF Commercial Capital. Established in 1979, Vend Lease will maintain their existing brand and operate under LEAF, a $1B equipment finance company. Since its founding in 2002, LEAF has financed over $6B for more than 250,000 customers nationwide.

  • 19

    Jul

PBCT People's United
$18.32

-0.02 (-0.11%)

04/19/18
SDLR
04/19/18
UPGRADE
Target $21
SDLR
Buy
People's United upgraded to Buy from Hold at Sandler O'Neill
Sandler O'Neill analyst Mark Fitzgibbon upgraded People's United Financial to Buy with a $21 price target following the company's Q1 results.
04/20/18
PIPR
04/20/18
UPGRADE
Target $18
PIPR
Neutral
People's United upgraded to Neutral from Underweight at Piper Jaffray
Piper Jaffray analyst Matthew Breese upgraded People's United Financial to Neutral with an unchanged price target of $18. The analyst believes the shares are nearing fair value following yesterday's post-earnings pullback. He no longer expects the stock to underperform over the next 12 months.
06/19/18
KBWI
06/19/18
UPGRADE
KBWI
Outperform
People's United upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Collyn Gilbert upgraded People's United Financial (PBCT) to Outperform with an unchanged price target of $21.50. The recent selloff in the shares implies a 20% total return, Gilbert tells investors in a research note. The analyst thinks the outlook for People's fundamental improvement relative to its current valuation "finally warrants more active investor attention." Gilbert views the First Connecticut Bancorp (FBNK) acquisition favorably.
06/27/18
KBWI
06/27/18
UPGRADE
Target $37
KBWI
Outperform
First Connecticut upgraded to Outperform with $37 target at Keefe Bruyette
Keefe Bruyette analyst Damon DelMonte upgraded First Connecticut Bancorp (FBNK) to Outperform from Market Perform and raised his price target for the shares to $37 from $29. The analyst aligned his target and valuation with People's United Financial (PBCT) as a result of the pending merger between the two banks.

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HPQ

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