People's United Financial
Market Cap
US$8.0b
Last Updated
2021/04/16 22:58 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
Snowflake Analysis
Flawless balance sheet established 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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: PBCT's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-0.7%
PBCT
0.03%
US Banks
1.3%
US Market
1 Year Return
55.6%
PBCT
70.3%
US Banks
53.9%
US Market
Return vs Industry: PBCT underperformed the US Banks industry which returned 83% over the past year.
Return vs Market: PBCT exceeded the US Market which returned 57.5% over the past year.
Shareholder returns
| PBCT | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 0.03% | 1.3% |
| 30 Day | -0.1% | 0.7% | 3.3% |
| 90 Day | 23.9% | 16.6% | 8.9% |
| 1 Year | 65.2%55.6% | 76.0%70.3% | 56.6%53.9% |
| 3 Year | 13.1%-2.0% | 26.0%15.1% | 64.4%53.6% |
| 5 Year | 38.5%11.0% | 97.2%72.0% | 120.4%95.7% |
Long-Term 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 month ago | Simply Wall St
How Many People's United Financial, Inc. (NASDAQ:PBCT) Shares Have Insiders Sold, In The Last Year?2 months ago | Simply Wall St
Is It Smart To Buy People's United Financial, Inc. (NASDAQ:PBCT) Before It Goes Ex-Dividend?3 months ago | Simply Wall St
What Kind Of Shareholders Own People's United Financial, Inc. (NASDAQ:PBCT)?Valuation
Is People's United Financial undervalued compared to its fair value and its price relative to the market?
4.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PBCT ($17.91) is trading below our estimate of fair value ($19.46)
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 poor value based on its PE Ratio (36.6x) compared to the US Banks industry average (13.3x).
PE vs Market: PBCT is poor value based on its PE Ratio (36.6x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: PBCT is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: PBCT's PB Ratio (1x) is in line with the US Banks industry average.
Future Growth
How is People's United Financial forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
39.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PBCT's forecast earnings growth (39.6% per year) is above the savings rate (2%).
Earnings vs Market: PBCT's earnings (39.6% per year) are forecast to grow faster than the US market (18.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PBCT's revenue (1.6% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: PBCT's revenue (1.6% 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 (6.9%).
Past Performance
How has People's United Financial performed over the past 5 years?
12.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PBCT has a large one-off loss of $388.3M impacting its December 31 2020 financial results.
Growing Profit Margin: PBCT's current net profit margins (10.8%) are lower than last year (27.9%).
Past Earnings Growth Analysis
Earnings Trend: PBCT's earnings have grown by 12.6% 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 (-59.4%) over the past year, making it difficult to compare to the Banks industry average (1.5%).
Return on Equity
High ROE: PBCT's Return on Equity (2.9%) 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 (8.3x) is low.
Allowance for Bad Loans: PBCT has a sufficient allowance for bad loans (129%).
Low Risk Liabilities: 94% 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 (69%).
Low Risk Deposits: PBCT's Loans to Deposits ratio (83%) is appropriate.
Level of Bad Loans: PBCT has an appropriate level of bad loans (0.7%).
Dividend
What is People's United Financial current dividend yield, its reliability and sustainability?
4.03%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PBCT's dividend (4.02%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: PBCT's dividend (4.02%) is in the top 25% of dividend payers in the US market (3.48%)
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 (146.7%), 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 (58.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average management tenure
CEO
Jack Barnes (65 yo)
11yrs
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 ($USD6.51M).
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 (6.8 years average tenure).
Board Members
Experienced Board: PBCT's board of directors are seasoned and experienced ( 11.7 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 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$8.022b
- Shares outstanding: 419.98m
- Website: https://www.peoples.com
Number of Employees
Location
- People's United Financial, Inc.
- 850 Main Street
- Bridgeport
- Connecticut
- 6604
- United States
Listings
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 | 2021/04/16 22:58 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| 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.