People's United Financial
People's United Financial, Inc. operates as the bank holding company for People’s United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The last earnings update was 2 days ago. More info.
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PBCT Share Price and Events
7 Day Returns
1 Year Returns
PBCT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| People's United Financial (PBCT) | -3.1% | -0.3% | -4.7% | -10.8% | 5.9% | 9% |
| US Banks | -0.4% | 2.3% | -0.3% | -5.7% | 46.2% | 45.8% |
| US Market | -0.3% | 2.3% | 2.3% | 3.9% | 36.7% | 41.8% |
1 Year Return vs Industry and Market
- PBCT underperformed the Banks industry which returned -5.7% over the past year.
- PBCT underperformed the Market in United States of America which returned 3.9% over the past year.
PBCT Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
People's United Financial
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for People's United Financial.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity = $17.98 * 8% |
$1.44 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 7 analysts. | $17.98 |
| Discount Rate (Cost of Equity) | See below | 8.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.6 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.596 (1 + (1- 21%) (67.27%)) |
0.942 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.94 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.942 * 5.96%) |
8.34% |
Discounted Cash Flow Calculation for NasdaqGS:PBCT using Excess Returns Model Model
The calculations below outline how an intrinsic value for People's United Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (8% – 8.34%) * $17.98) |
$-0.06 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.06 / (8.34% - 2.73%) |
$-1.11 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $17.98 + $-1.11 |
$16.87 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $16.87 |
| Current discount | Discount to share price of
$16.33
= -1 x ($16.33 - $16.87) / $16.87 |
3.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- People's United Financial's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- People's United Financial's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for People's United Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
People's United Financial's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-06-30) in USD | $1.31 |
| NasdaqGS:PBCT Share Price ** | NasdaqGS (2019-07-19) in USD | $16.33 |
| United States of America Banks Industry PE Ratio | Median Figure of 594 Publicly-Listed Banks Companies | 12.76x |
| United States of America Market PE Ratio | Median Figure of 3,083 Publicly-Listed Companies | 17.92x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of People's United Financial.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:PBCT Share Price ÷ EPS (both in USD) = 16.33 ÷ 1.31 |
12.46x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- People's United Financial is good value based on earnings compared to the US Banks industry average.
- People's United Financial is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
People's United Financial's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 12.46x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts |
12.5%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 270 Publicly-Listed Banks Companies | 1.2x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 12.46x ÷ 12.5% |
1x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- People's United Financial is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
People's United Financial's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-06-30) in USD | $17.31 |
| NasdaqGS:PBCT Share Price * | NasdaqGS (2019-07-19) in USD | $16.33 |
| United States of America Banks Industry PB Ratio | Median Figure of 594 Publicly-Listed Banks Companies | 1.2x |
| United States of America Market PB Ratio | Median Figure of 5,248 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:PBCT Share Price ÷ Book Value per Share (both in USD) = 16.33 ÷ 17.31 |
0.94x |
* Primary Listing of People's United Financial.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- People's United Financial is good value based on assets compared to the US Banks industry average.
Value checks
We assess People's United Financial's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) People's United Financial has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
PBCT Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- People's United Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- People's United Financial's earnings growth is positive but not above the United States of America market average.
- People's United Financial's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:PBCT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts | 12.5% |
| NasdaqGS:PBCT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts | 5% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 1.9% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 3.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 weeks ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1,957 | 584 | 3 | |
| 2020-12-31 | 1,865 | 605 | 4 | |
| 2019-12-31 | 1,800 | 486 | 4 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-06-30 | 1,670 | 484 | |
| 2019-03-31 | 1,612 | 413 | 461 |
| 2018-12-31 | 1,571 | 589 | 454 |
| 2018-09-30 | 1,531 | 662 | 427 |
| 2018-06-30 | 1,508 | 667 | 401 |
| 2018-03-31 | 1,478 | 581 | 360 |
| 2017-12-31 | 1,427 | 603 | 323 |
| 2017-09-30 | 1,377 | 450 | 294 |
| 2017-06-30 | 1,338 | 402 | 280 |
| 2017-03-31 | 1,294 | 396 | 283 |
| 2016-12-31 | 1,277 | 336 | 278 |
| 2016-09-30 | 1,268 | 416 | 275 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 weeks ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
All data from People's United Financial Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1.48 | 1.50 | 1.47 | 2.00 |
| 2020-12-31 | 1.42 | 1.50 | 1.32 | 8.00 |
| 2019-12-31 | 1.22 | 1.33 | 1.03 | 8.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-06-30 | 1.31 |
| 2019-03-31 | 1.29 |
| 2018-12-31 | 1.30 |
| 2018-09-30 | 1.26 |
| 2018-06-30 | 1.18 |
| 2018-03-31 | 1.06 |
| 2017-12-31 | 0.98 |
| 2017-09-30 | 0.91 |
| 2017-06-30 | 0.89 |
| 2017-03-31 | 0.93 |
| 2016-12-31 | 0.92 |
| 2016-09-30 | 0.91 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- People's United Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess People's United Financial's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
People's United Financial has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
PBCT Past Performance
How has People's United Financial performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- People's United Financial's year on year earnings growth rate has been positive over the past 5 years.
- People's United Financial's 1-year earnings growth exceeds its 5-year average (20.6% vs 14.9%)
- People's United Financial's earnings growth has not exceeded the US Banks industry average in the past year (20.6% vs 39.4%).
Earnings and Revenue History
All data from People's United Financial Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-06-30 | 1,669.60 | 483.50 | 906.10 | |
| 2019-03-31 | 1,611.80 | 460.60 | 868.70 | |
| 2018-12-31 | 1,571.40 | 453.80 | 851.10 | |
| 2018-09-30 | 1,531.30 | 427.10 | 812.10 | |
| 2018-06-30 | 1,508.20 | 400.80 | 806.60 | |
| 2018-03-31 | 1,478.00 | 359.80 | 811.90 | |
| 2017-12-31 | 1,426.50 | 322.60 | 792.40 | |
| 2017-09-30 | 1,377.10 | 293.80 | 784.30 | |
| 2017-06-30 | 1,337.90 | 280.10 | 764.20 | |
| 2017-03-31 | 1,293.90 | 282.70 | 728.80 | |
| 2016-12-31 | 1,276.90 | 278.30 | 725.20 | |
| 2016-09-30 | 1,267.70 | 275.10 | 715.60 | |
| 2016-06-30 | 1,255.70 | 269.70 | 715.30 | |
| 2016-03-31 | 1,246.00 | 262.80 | 714.00 | |
| 2015-12-31 | 1,250.60 | 259.00 | 713.70 | |
| 2015-09-30 | 1,212.60 | 252.80 | 708.60 | |
| 2015-06-30 | 1,197.00 | 246.00 | 701.30 | |
| 2015-03-31 | 1,210.80 | 256.50 | 695.80 | |
| 2014-12-31 | 1,201.50 | 250.50 | 689.60 | |
| 2014-09-30 | 1,214.50 | 245.00 | 692.90 | |
| 2014-06-30 | 1,211.90 | 241.90 | 691.50 | |
| 2014-03-31 | 1,192.30 | 231.90 | 689.50 | |
| 2013-12-31 | 1,186.60 | 231.20 | 682.40 | |
| 2013-09-30 | 1,186.60 | 233.30 | 667.20 | |
| 2013-06-30 | 1,190.20 | 237.00 | 664.80 | |
| 2013-03-31 | 1,191.00 | 239.30 | 664.10 | |
| 2012-12-31 | 1,199.90 | 244.10 | 670.20 | |
| 2012-09-30 | 1,186.40 | 224.20 | 696.60 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- People's United Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- People's United Financial used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if People's United Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess People's United Financial's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
People's United Financial has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
PBCT Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from People's United Financial Company Filings, last reported 2 weeks ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-06-30 | 7,046.20 | 4,311.10 | 790.00 |
| 2019-03-31 | 6,621.20 | 3,840.60 | 779.30 |
| 2018-12-31 | 6,533.90 | 4,679.40 | 919.30 |
| 2018-09-30 | 5,958.90 | 4,489.20 | 596.60 |
| 2018-06-30 | 5,900.20 | 5,711.50 | 778.90 |
| 2018-03-31 | 5,845.50 | 4,922.30 | 923.90 |
| 2017-12-31 | 5,819.90 | 5,102.70 | 856.30 |
| 2017-09-30 | 5,746.10 | 5,111.60 | 827.60 |
| 2017-06-30 | 5,703.50 | 5,056.10 | 787.40 |
| 2017-03-31 | 5,195.00 | 4,160.60 | 877.90 |
| 2016-12-31 | 5,141.90 | 5,208.60 | 703.10 |
| 2016-09-30 | 4,862.30 | 5,745.70 | 1,057.10 |
| 2016-06-30 | 4,829.70 | 5,906.90 | 1,076.90 |
| 2016-03-31 | 4,791.20 | 4,990.70 | 849.90 |
| 2015-12-31 | 4,731.60 | 5,449.90 | 794.20 |
| 2015-09-30 | 4,730.80 | 4,189.80 | 753.40 |
| 2015-06-30 | 4,685.70 | 4,685.60 | 694.90 |
| 2015-03-31 | 4,681.90 | 4,315.50 | 743.10 |
| 2014-12-31 | 4,633.10 | 4,822.20 | 1,167.20 |
| 2014-09-30 | 4,655.00 | 4,510.20 | 922.30 |
| 2014-06-30 | 4,635.50 | 4,888.80 | 666.30 |
| 2014-03-31 | 4,595.80 | 4,594.20 | 592.00 |
| 2013-12-31 | 4,568.40 | 5,773.10 | 495.50 |
| 2013-09-30 | 4,637.60 | 4,332.30 | 685.10 |
| 2013-06-30 | 4,677.90 | 4,334.10 | 584.50 |
| 2013-03-31 | 4,886.10 | 3,576.90 | 527.70 |
| 2012-12-31 | 5,038.80 | 3,119.30 | 605.40 |
| 2012-09-30 | 5,107.40 | 1,770.40 | 516.30 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- People's United Financial has an acceptable proportion of non-loan assets held.
- People's United Financial's liabilities are made up of primarily low risk sources of funding.
- Loans at People's United Financial are broadly funded by customer deposits.
- People's United Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- People's United Financial has a sufficient allowance for bad loans.
- People's United Financial has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess People's United Financial's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) People's United Financial has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
PBCT Dividends
What is People's United Financial's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
People's United Financial
shares you are expected to receive
$87
in your first year as a dividend.
Dividend Amount
- People's United Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- People's United Financial's dividend is above the markets top 25% of dividend payers in United States of America (3.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 479 Stocks | 3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.73 | 3.00 |
| 2020-12-31 | 0.72 | 8.00 |
| 2019-12-31 | 0.71 | 4.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-10 | 0.710 | 4.347 |
| 2019-04-22 | 0.710 | 4.121 |
| 2019-03-01 | 0.700 | 4.125 |
| 2019-01-17 | 0.700 | 4.120 |
| 2018-07-19 | 0.700 | 4.205 |
| 2018-05-10 | 0.700 | 3.767 |
| 2018-04-19 | 0.700 | 3.800 |
| 2018-01-18 | 0.690 | 3.582 |
| 2017-10-19 | 0.690 | 3.690 |
| 2017-07-20 | 0.690 | 3.980 |
| 2017-05-10 | 0.690 | 3.983 |
| 2017-04-20 | 0.690 | 3.919 |
| 2017-03-01 | 0.680 | 3.721 |
| 2017-01-19 | 0.680 | 3.583 |
| 2016-11-09 | 0.680 | 3.575 |
| 2016-10-20 | 0.680 | 4.159 |
| 2016-08-09 | 0.680 | 4.309 |
| 2016-07-21 | 0.680 | 4.465 |
| 2016-05-10 | 0.680 | 4.456 |
| 2016-04-21 | 0.680 | 4.384 |
| 2016-01-21 | 0.670 | 4.415 |
| 2015-10-16 | 0.670 | 4.167 |
| 2015-07-16 | 0.670 | 4.243 |
| 2015-05-11 | 0.670 | 4.216 |
| 2015-04-16 | 0.670 | 4.408 |
| 2014-10-16 | 0.660 | 4.460 |
| 2014-07-18 | 0.660 | 4.496 |
| 2014-04-16 | 0.660 | 4.498 |
| 2014-01-17 | 0.650 | 4.497 |
| 2013-10-17 | 0.650 | 4.387 |
| 2013-04-18 | 0.650 | 4.529 |
| 2013-01-18 | 0.640 | 4.927 |
| 2012-07-19 | 0.640 | 5.308 |
| 2012-04-19 | 0.640 | 5.395 |
| 2012-02-29 | 0.630 | 4.877 |
| 2012-01-20 | 0.630 | 5.008 |
| 2011-07-21 | 0.630 | 5.178 |
| 2011-04-20 | 0.630 | 4.745 |
| 2011-01-20 | 0.620 | 4.810 |
| 2010-10-21 | 0.620 | 4.710 |
| 2010-07-15 | 0.620 | 4.667 |
| 2010-04-15 | 0.620 | 4.272 |
| 2010-01-21 | 0.610 | 3.868 |
| 2009-10-15 | 0.610 | 3.708 |
| 2009-07-17 | 0.610 | 3.806 |
| 2009-04-16 | 0.610 | 3.897 |
| 2009-01-22 | 0.600 | 3.489 |
| 2008-10-16 | 0.600 | 3.466 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
People's United Financial's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.9x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2x coverage).
Income/ dividend checks
We assess People's United Financial's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can People's United Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) People's United Financial has a total score of 6/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
PBCT Management
CEO
| COMPENSATION | $5,700,285 |
| AGE | 64 |
| TENURE AS CEO | 9.3 years |
CEO Bio
Mr. John P. Barnes, also known as Jack, serves as Chief Executive Officer and Director of People's United Bank, National Association (“Bank”) and serves as its Chairman of the Board since June 2018. He served as President of the Bank from April 2010 until May 2018. He serves as Chief Executive Officer People's United Financial Inc. (“United Financial”) since May 2018 and serves as its Chairman of the Board since June 2018. He served as an Interim Chief Executive Officer and Interim President at People's United Financial since April 25, 2010 to July 22, 2010. He served as the Chief Administrative Officer and Senior Executive Vice President of People's United Financial from January 1, 2008 to April 25, 2010. He managed the Information Technology and Direct Banking and Operations divisions as well as Real Estate Services. He served as Chief Administrative Officer and Senior Executive Vice President of Bank. He served as an Executive Vice President of Chittenden Corp. and its subsidiary Chittenden Trust Company since 1990. He also served as an Executive Vice President, in charge of the newly formed Chittenden Services Group since 2002. He became Senior Vice President and Chief Credit Policy Officer in 1988. He also serves as the Chairman of The People’s United Community Foundation. He currently serves as a Member of the Board of Directors of the Financial Services Roundtable. He joined Chittenden Bank in 1983 as Manager of Loan Review after five years with the FDIC - Boston. In 1990, he was appointed as Division Head of the Credit Policy and Administration division, which grew to include various support services areas. He has been a Director of People's United Financial and Bank since July 22, 2010. He is a graduate of Northeastern University and received his MBA from the University of Vermont.
CEO Compensation
- Jack's compensation has been consistent with company performance over the past year, both up more than 20%.
- Jack's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the People's United Financial management team in years:
- The tenure for the People's United Financial management team is about average.
Management Team
Jack Barnes
Chairman of the Board & CEO
$6M
64
9.3 yrs
Jeff Tengel
President
$2M
56
1.2 yrs
R. Rosato
Senior EVP & CFO
$2M
57
4.5 yrs
Lee Powlus
Senior EVP & Chief Administrative Officer
$2M
58
8.2 yrs
Kirk Walters
Senior EVP of Corporate Development & Strategic Planning and Director
$2M
63
4.6 yrs
Jeff Hoyt
Senior VP & Chief Accounting Officer
$611K
49
Andrew Hersom
Senior Vice President
5.5 yrs
Michele Johnson
Compliance Officer
Kristy Berner
Executive VP
44
0.7 yrs
Cynthia Belak
First Vice President of Marketing
Board of Directors Tenure
Average tenure and age of the People's United Financial board of directors in years:
- The tenure for the People's United Financial board of directors is about average.
Board of Directors
Kirk Walters
Senior EVP of Corporate Development & Strategic Planning and Director
$2M
63
8.3 yrs
George Carter
Lead Director
$357K
82
Jack Barnes
Chairman of the Board & CEO
$6M
64
1.1 yrs
John Byrnes
Chairman of People's United Insurance Agency
John Dwight
Director
$175K
74
11.5 yrs
Mark Richards
Director
$203K
73
11.5 yrs
Nancy McAllister
Director
$183K
59
5.8 yrs
Bill Cruger
Director
$177K
61
4.8 yrs
Collin Baron
Director
$164K
71
12.5 yrs
Janet Hansen
Director
$188K
76
15.4 yrs
Who owns this company?
Recent Insider Trading
- People's United Financial individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 30. Apr 19 | Sell | Mark Herron | Individual | 30. Apr 19 | 30. Apr 19 | -4,466 | $17.36 | $-77,530 | ||
| 13. Mar 19 | Sell | Galan Daukas | Individual | 07. Mar 19 | 07. Mar 19 | -13,534 | $17.11 | $-231,567 | ||
| 06. Mar 19 | Sell | George Carter | Individual | 06. Mar 19 | 06. Mar 19 | -10,654 | $17.48 | $-186,232 | ||
| 04. Mar 19 | Sell | Jerry Franklin | Individual | 04. Mar 19 | 04. Mar 19 | -4,800 | $17.99 | $-86,352 | ||
| 24. Jan 19 | Sell | Mark Richards | Individual | 24. Jan 19 | 24. Jan 19 | -6,800 | $16.43 | $-111,746 | ||
| 20. Dec 18 | Sell | David Norton | Individual | 19. Dec 18 | 19. Dec 18 | -32,163 | $14.89 | $-478,907 | ||
| 06. Sep 18 | Sell | Mark Herron | Individual | 05. Sep 18 | 05. Sep 18 | -849 | $18.64 | $-15,825 | ||
| 28. Aug 18 | Sell | George Carter | Individual | 28. Aug 18 | 28. Aug 18 | -10,874 | $18.70 | $-203,344 | ||
| 01. Aug 18 | Sell | Robert Trautmann | Individual | 01. Aug 18 | 01. Aug 18 | -10,000 | $18.34 | $-183,400 | ||
Management checks
We assess People's United Financial's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) People's United Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
PBCT News
Simply Wall St News
People's United Financial, Inc. (NASDAQ:PBCT) Should Be In Your Dividend Portfolio, Here's Why
Below, I have outlined more attractive dividend aspects for People's United Financial for income investors who may be interested in new dividend stocks for their portfolio. … See our latest analysis for People's United Financial What Is A Dividend Rock Star? … More specifically: It is paying an annual yield above 75% of dividend payers It has paid dividend every year without dramatically reducing payout in the past Its has increased its dividend per share amount over the past It can afford to pay the current rate of dividends from its earnings It is able to continue to payout at the current rate in the future High Yield And Dependable People's United Financial's yield sits at 4.2%, which is high for Banks stocks.
Simply Wall St - – Full articleHow Does People's United Financial, Inc. (NASDAQ:PBCT) Fare As A Dividend Stock?
(NASDAQ:PBCT) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. If you are hoping to live on the income from dividends, it's important to be a lot more stringent with your investments than the average punter. In this case, People's United Financial likely looks attractive to investors, given its 4.3% dividend yield and a payment history of over ten years. It would not be a surprise to discover that many investors buy it for the dividends. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … For the purpose of this article, we only scrutinise the last decade of People's United Financial's dividend payments. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see People's United Financial has grown its earnings per share at 12% per annum over the past five years. Earnings per share have been growing rapidly, but given that it is paying out more than half of its earnings as dividends, we wonder how People's United Financial will keep funding its growth projects in the future. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.
Simply Wall St - – Full articleDoes People's United Financial, Inc. (NASDAQ:PBCT) Have A Place In Your Dividend Portfolio?
Dividend Growth Potential Dividend payments have been consistent over the past few years, but we should always check if earnings per share (EPS) are growing, as this will help maintain the purchasing power of the dividend. It's good to see People's United Financial has been growing its earnings per share at 12% a year over the past 5 years. Earnings per share have been growing rapidly, but given that it is paying out more than half of its earnings as dividends, we wonder how People's United Financial will keep funding its growth projects in the future. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … We like that it has been delivering solid improvement in its earnings per share, and relatively consistent dividend payments. … People's United Financial has a number of positive attributes, but falls short of our ideal dividend company.
Simply Wall St - – Full articleThose Who Purchased People's United Financial (NASDAQ:PBCT) Shares A Year Ago Have A 17% Loss To Show For It
During the unfortunate twelve months during which the People's United Financial share price fell, it actually saw its earnings per share (EPS) improve by 22%. … We note that for People's United Financial the TSR over the last year was -14%, which is better than the share price return mentioned above. … But note: People's United Financial may not be the best stock to buy.
Simply Wall St - – Full articleDo You Like People's United Financial, Inc. (NASDAQ:PBCT) At This P/E Ratio?
See our latest analysis for People's United Financial How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for People's United Financial: P/E of 12.51 = $16.19 ÷ $1.29 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … How Does People's United Financial's Debt Impact Its P/E Ratio?
Simply Wall St - – Full articleRead This Before Buying People's United Financial, Inc. (NASDAQ:PBCT) Shares
So we'll take a look at whether insiders have been buying or selling shares in People's United Financial, Inc. … The Last 12 Months Of Insider Transactions At People's United Financial. … While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign
Simply Wall St - – Full articleIs Now The Time To Look At Buying People's United Financial, Inc. (NASDAQ:PBCT)?
People's United Financial, Inc. … (NASDAQ:PBCT), operating in the financial services industry based in United States,. … Let’s examine People's United Financial’s valuation and outlook in more detail to determine if there’s still a bargain opportunity
Simply Wall St - – Full articleShould You Be Concerned About People's United Financial, Inc.’s (NASDAQ:PBCT) Risks?
Risk associated with repayment is measured by bad debt which is written off as an expense, impacting People's United Financial’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of People's United Financial's a stock investment. … Check out our latest analysis for People's United Financial
Simply Wall St - – Full articlePeople's United Financial, Inc. (NASDAQ:PBCT): Can Growth Justify Its April Share Price?
View our latest analysis for People's United Financial? … What can we expect from People's United Financial in the future. … Analysts are predicting good growth prospects for People's United Financial over the next couple of years
Simply Wall St - – Full articleHow Do Analysts See People's United Financial, Inc. (NASDAQ:PBCT) Performing Over The Next Few Years?
In December 2018, People's United Financial, Inc. … (NASDAQ:PBCT) announced its most recent earnings update, whicha
Simply Wall St - – Full articlePBCT Company Info
Description
People's United Financial, Inc. operates as the bank holding company for People’s United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking. The Commercial Banking segment offers commercial real estate lending, commercial and industrial lending, and commercial deposit gathering services. This segment also provides equipment financing; cash management, correspondent banking, and municipal banking services; and institutional trust, corporate trust, private banking, and commercial insurance services. The Retail Banking segment offers consumer lending, including residential mortgage and home equity lending; and consumer deposit gathering services. This segment also provides brokerage, financial advisory, investment management, life insurance, and non-institutional trust services. In addition, the company offers online banking, investment trading, and telephone banking services. It operates through a network of 422 branches in Connecticut, southeastern New York, Massachusetts, Vermont, Maine, and New Hampshire, as well as 607 ATMs. The company was founded in 1842 and is headquartered in Bridgeport, Connecticut.
Details
| Name: | People's United Financial, Inc. |
| PBCT | |
| Exchange: | NasdaqGS |
| Founded: | 1842 |
| $6,408,566,461 | |
| 392,441,302 | |
| Website: | http://www.peoples.com |
| Address: |
People's United Financial, Inc. 850 Main Street, Bridgeport, Connecticut, 06604, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | PBCT | Common Stock with Par Value 0.01 | Nasdaq Global Select | US | USD | 06. Jul 1988 | |
| DB | PP21 | Common Stock with Par Value 0.01 | Deutsche Boerse AG | DE | EUR | 06. Jul 1988 | |
| LSE | 0KH6 | Common Stock with Par Value 0.01 | London Stock Exchange | GB | USD | 06. Jul 1988 | |
| NasdaqGS | PBCT.P | PERP PFD SER A | Nasdaq Global Select | US | USD | 25. Oct 2016 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/20 00:07 |
| End of day share price update: | 2019/07/19 00:00 |
| Last estimates confirmation: | 2019/07/19 |
| Last earnings filing: | 2019/07/18 |
| Last earnings reported: | 2019/06/30 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
