| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
PBCT Overview
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.
People's United Financial Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$16.60 |
| 52 Week High | US$9.74 |
| 52 Week Low | US$19.62 |
| Beta | 1.2 |
| 1 Month Change | 2.60% |
| 3 Month Change | -7.06% |
| 1 Year Change | 68.02% |
| 3 Year Change | -2.64% |
| 5 Year Change | 6.27% |
| Change since IPO | 1,394.00% |
Recent News & Updates
Shareholder Returns
| PBCT | US Banks | US Market | |
|---|---|---|---|
| 7D | 3.2% | 2.5% | -0.5% |
| 1Y | 68.0% | 80.0% | 37.5% |
Return vs Industry: PBCT underperformed the US Banks industry which returned 75.2% over the past year.
Return vs Market: PBCT exceeded the US Market which returned 36.2% over the past year.
Price Volatility
| PBCT volatility | |
|---|---|
| PBCT Beta | 1.2 |
| Industry Beta | 1.37 |
| Market Beta | 1 |
Stable Share Price: PBCT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PBCT's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1842 | 5,784 | Jack Barnes | https://www.peoples.com |
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 Commercial Banking segment offers commercial deposit products, commercial real estate lending, middle market and business banking, equipment financing, mortgage warehouse and asset-based lending, treasury management services, and capital market capabilities. The Retail Banking segment offers consumer lending, including residential mortgage and home equity lending; and consumer deposit gathering services.
People's United Financial Fundamentals Summary
| PBCT fundamental statistics | |
|---|---|
| Market Cap | US$6.73b |
| Earnings (TTM) | US$300.50m |
| Revenue (TTM) | US$2.01b |
23.3x
P/E Ratio0.9x
P/B RatioIs PBCT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PBCT income statement (TTM) | |
|---|---|
| Revenue | US$2.01b |
| Cost of Revenue | US$0 |
| Gross Profit | US$2.01b |
| Expenses | US$1.71b |
| Earnings | US$300.50m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 21, 2021
| Earnings per share (EPS) | 0.72 |
| Gross Margin | 100.00% |
| Net Profit Margin | 14.92% |
| Debt/Equity Ratio | 26.8% |
How did PBCT perform over the long term?
See historical performance and comparisonDividends
4.4%
Current Dividend Yield101%
Payout RatioValuation
Is People's United Financial undervalued compared to its fair value and its price relative to the market?
25.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PBCT ($16.6) is trading below our estimate of fair value ($22.14)
Significantly Below Fair Value: PBCT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PBCT is poor value based on its PE Ratio (23.3x) compared to the US Banks industry average (10.7x).
PE vs Market: PBCT is poor value based on its PE Ratio (23.3x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: PBCT is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: PBCT is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.1x).
Future Growth
How is People's United Financial forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
9.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PBCT's forecast earnings growth (9.5% per year) is above the savings rate (2%).
Earnings vs Market: PBCT's earnings (9.5% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: PBCT's earnings are forecast to grow, but not significantly.
Revenue vs Market: PBCT's revenue (2.5% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: PBCT's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PBCT's Return on Equity is forecast to be low in 3 years time (7%).
Past Performance
How has People's United Financial performed over the past 5 years?
6.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PBCT has a large one-off loss of $412.9M impacting its June 30 2021 financial results.
Growing Profit Margin: PBCT's current net profit margins (14.9%) are lower than last year (25.9%).
Past Earnings Growth Analysis
Earnings Trend: PBCT's earnings have grown by 6.1% per year over the past 5 years.
Accelerating Growth: PBCT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PBCT had negative earnings growth (-37.2%) over the past year, making it difficult to compare to the Banks industry average (36%).
Return on Equity
High ROE: PBCT's Return on Equity (4.1%) is considered low.
Financial Health
How is People's United Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: PBCT's Assets to Equity ratio (8.2x) is low.
Allowance for Bad Loans: PBCT has a sufficient allowance for bad loans (106%).
Low Risk Liabilities: 95% of PBCT's liabilities are made up of primarily low risk sources of funding.
Loan Level: PBCT has an appropriate level of Loans to Assets ratio (65%).
Low Risk Deposits: PBCT's Loans to Deposits ratio (78%) is appropriate.
Level of Bad Loans: PBCT has an appropriate level of bad loans (0.8%).
Dividend
What is People's United Financial current dividend yield, its reliability and sustainability?
4.40%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PBCT's dividend (4.4%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: PBCT's dividend (4.4%) is in the top 25% of dividend payers in the US market (3.63%)
Stability and Growth of Payments
Stable Dividend: PBCT's dividends per share have been stable in the past 10 years.
Growing Dividend: PBCT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (100.8%), PBCT's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PBCT's dividends in 3 years are forecast to be covered by earnings (56.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.2yrs
Average management tenure
CEO
Jack Barnes (66 yo)
11.42yrs
Tenure
US$5,898,110
Compensation
Mr. John P. Barnes, also known as Jack, serves as Chief Executive Officer and Director of People's United Bank, National Association and serves as its Chairman of the Board since June 2018. He served as Pr...
CEO Compensation Analysis
Compensation vs Market: Jack's total compensation ($USD5.90M) is about average for companies of similar size in the US market ($USD6.46M).
Compensation vs Earnings: Jack's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: PBCT's management team is seasoned and experienced (7.2 years average tenure).
Board Members
Experienced Board: PBCT's board of directors are seasoned and experienced ( 12.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
People's United Financial, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: People's United Financial, Inc.
- Ticker: PBCT
- Exchange: NasdaqGS
- Founded: 1842
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$6.728b
- Shares outstanding: 422.37m
- Website: https://www.peoples.com
Number of Employees
Location
- People's United Financial, Inc.
- 850 Main Street
- Bridgeport
- Connecticut
- 6604
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/23 22:56 |
| End of Day Share Price | 2021/09/23 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.