People's United Financial
Market Cap
US$4.5b
Last Updated
2020/09/20 06:03 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 2.6% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet 6 star dividend payer.
Similar Companies
Share Price & News
How has People's United Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PBCT has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.4%
PBCT
-1.3%
US Banks
0.09%
US Market
1 Year Return
-33.2%
PBCT
-26.7%
US Banks
12.6%
US Market
Return vs Industry: PBCT underperformed the US Banks industry which returned -26.7% over the past year.
Return vs Market: PBCT underperformed the US Market which returned 12.6% over the past year.
Shareholder returns
| PBCT | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.4% | -1.3% | 0.09% |
| 30 Day | 1.7% | 0.3% | -1.6% |
| 90 Day | -10.2% | -3.5% | 7.9% |
| 1 Year | -29.7%-33.2% | -24.0%-26.7% | 15.2%12.6% |
| 3 Year | -30.3%-38.8% | -15.5%-22.4% | 38.9%29.6% |
| 5 Year | -16.0%-32.2% | 21.0%6.1% | 87.6%66.5% |
Price Volatility Vs. Market
How volatile is People's United Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
A Look At People's United Financial's (NASDAQ:PBCT) Share Price Returns1 month ago | Simply Wall St
Have Insiders Sold People's United Financial, Inc. (NASDAQ:PBCT) Shares Recently?1 month ago | Simply Wall St
People's United Financial, Inc. (NASDAQ:PBCT) Pays A US$0.18 Dividend In Just Three DaysValuation
Is People's United Financial undervalued compared to its fair value and its price relative to the market?
19.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PBCT ($10.63) is trading below our estimate of fair value ($13.13)
Significantly Below Fair Value: PBCT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PBCT is good value based on its PE Ratio (9.2x) compared to the US Banks industry average (9.7x).
PE vs Market: PBCT is good value based on its PE Ratio (9.2x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: PBCT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: PBCT is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is People's United Financial forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
-2.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PBCT's earnings are forecast to decline over the next 3 years (-2.6% per year).
Earnings vs Market: PBCT's earnings are forecast to decline over the next 3 years (-2.6% per year).
High Growth Earnings: PBCT's earnings are forecast to decline over the next 3 years.
Revenue vs Market: PBCT's revenue is expected to decline over the next 3 years (-0.02% per year).
High Growth Revenue: PBCT's revenue is forecast to decline over the next 3 years (-0.02% 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 (6%).
Next Steps
Past Performance
How has People's United Financial performed over the past 5 years?
17.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PBCT has high quality earnings.
Growing Profit Margin: PBCT's current net profit margins (26%) are lower than last year (29%).
Past Earnings Growth Analysis
Earnings Trend: PBCT's earnings have grown by 17.3% 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 (-1%) over the past year, making it difficult to compare to the Banks industry average (-3.1%).
Return on Equity
High ROE: PBCT's Return on Equity (6.3%) is considered low.
Next Steps
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 (7.9x) is low.
Allowance for Bad Loans: PBCT has a sufficient allowance for bad loans (140%).
Low Risk Liabilities: 93% 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 (73%).
Low Risk Deposits: PBCT's Loans to Deposits ratio (90%) is appropriate.
Level of Bad Loans: PBCT has an appropriate level of bad loans (0.7%).
Next Steps
Dividend
What is People's United Financial current dividend yield, its reliability and sustainability?
6.77%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PBCT's dividend (6.77%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: PBCT's dividend (6.77%) is in the top 25% of dividend payers in the US market (4.7%)
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 reasonable payout ratio (61.7%), PBCT's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PBCT's dividends in 3 years are forecast to be covered by earnings (68.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.2yrs
Average management tenure
CEO
Jack Barnes (65 yo)
10.42yrs
Tenure
US$5,800,085
Compensation
Mr. John P. Barnes, also known as Jack, serves as Chief Executive Officer and Director of People's United Bank, National Association (“Bank”) and serves as its Chairman of the Board since June 2018. He ser ...
CEO Compensation Analysis
Compensation vs Market: Jack's total compensation ($USD5.80M) is about average for companies of similar size in the US market ($USD5.65M).
Compensation vs Earnings: Jack's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 10.42yrs | US$5.80m | 0.15% $ 6.7m | |
| President | 2.33yrs | US$2.03m | 0.039% $ 1.7m | |
| Senior EVP & CFO | 5.67yrs | US$1.62m | 0.027% $ 1.2m | |
| Senior EVP & Chief Administrative Officer | 9.33yrs | US$1.76m | 0.032% $ 1.4m | |
| Senior EVP of Corporate Development & Strategic Planning and Director | 9.5yrs | US$1.78m | 0.076% $ 3.4m | |
| Senior VP & Chief Accounting Officer | no data | US$610.85k | 0.0061% $ 273.5k | |
| Senior Vice President | 6.67yrs | no data | no data | |
| Compliance Officer | no data | no data | no data | |
| Executive VP | 1.83yrs | no data | 0.0073% $ 323.4k | |
| Executive VP & Chief Marketing Officer | no data | no data | 0.0063% $ 280.2k | |
| Senior EVP & Chief Human Resource Officer | 10.92yrs | US$1.44m | 0.027% $ 1.2m | |
| Senior Vice President of National Credits Lending | no data | no data | no data |
6.2yrs
Average Tenure
59yo
Average Age
Experienced Management: PBCT's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 10.42yrs | US$5.80m | 0.15% $ 6.7m | |
| Senior EVP of Corporate Development & Strategic Planning and Director | 9.5yrs | US$1.78m | 0.076% $ 3.4m | |
| Independent Director | 12.67yrs | US$209.14k | 0.051% $ 2.3m | |
| Independent Director | 12.67yrs | US$209.14k | 0.053% $ 2.4m | |
| Independent Director | 6yrs | US$209.14k | 0.010% $ 463.7k | |
| Independent Director | 16.58yrs | US$189.14k | 0.037% $ 1.6m | |
| Independent Lead Director | no data | US$354.14k | 0.049% $ 2.2m | |
| Independent Director | 19.67yrs | US$189.14k | 0.061% $ 2.7m | |
| Chairman of People's United Insurance Agency | no data | no data | no data | |
| Independent Director | 7yrs | US$189.14k | 0.012% $ 525.6k | |
| Independent Director | 3yrs | US$189.14k | 0.0046% $ 205.8k | |
| Independent Director | 23.67yrs | US$189.14k | 0.024% $ 1.1m |
11.1yrs
Average Tenure
72yo
Average Age
Experienced Board: PBCT's board of directors are seasoned and experienced ( 11.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PBCT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.7%.
Top Shareholders
Company Information
People's United Financial, Inc.'s company bio, 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$4.454b
- Shares outstanding: 419.03m
- Website: https://www.peoples.com
Number of Employees
Location
- People's United Financial, Inc.
- 850 Main Street
- Bridgeport
- Connecticut
- 6604
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PBCT | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock with Par Value 0.01 | US | USD | Jul 1988 |
| PP21 | DB (Deutsche Boerse AG) | Yes | Common Stock with Par Value 0.01 | DE | EUR | Jul 1988 |
| 0KH6 | LSE (London Stock Exchange) | Yes | Common Stock with Par Value 0.01 | GB | USD | Jul 1988 |
| PBCT.P | NasdaqGS (Nasdaq Global Select) | PERP PFD SER A | US | USD | Oct 2016 | |
| P1BC34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REPR 1 SHS UNSPON | BR | BRL | Jan 2020 |
Biography
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 indiv ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/20 06:03 |
| End of Day Share Price | 2020/09/18 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.