People's United Financial
Market Cap
US$5.0b
Last Updated
2020/03/30 03:25 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.
Rewards
Risk Analysis
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
8.2%
PBCT
16.8%
US Banks
12.5%
US Market
1 Year Return
-30.7%
PBCT
-26.9%
US Banks
-12.7%
US Market
Return vs Industry: PBCT underperformed the US Banks industry which returned -26.9% over the past year.
Return vs Market: PBCT underperformed the US Market which returned -12.7% over the past year.
Shareholder returns
| PBCT | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.2% | 16.8% | 12.5% |
| 30 Day | -17.2% | -24.7% | -14.7% |
| 90 Day | -31.5% | -38.6% | -21.5% |
| 1 Year | -27.7%-30.7% | -24.8%-26.9% | -10.9%-12.7% |
| 3 Year | -27.6%-35.8% | -16.9%-23.0% | 12.6%5.4% |
| 5 Year | -6.1%-23.5% | 12.0%-0.7% | 31.9%17.5% |
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
4 days ago | Simply Wall St
Does People's United Financial, Inc. (NASDAQ:PBCT) Have A Particularly Volatile Share Price?2 weeks ago | Simply Wall St
A Sliding Share Price Has Us Looking At People's United Financial, Inc.'s (NASDAQ:PBCT) P/E RatioValuation
Is People's United Financial undervalued compared to its fair value and its price relative to the market?
29.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PBCT ($11.58) is trading below our estimate of fair value ($16.31)
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 (9x) compared to the Banks industry average (8.8x).
PE vs Market: PBCT is good value based on its PE Ratio (9x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: PBCT is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: PBCT is good value based on its PB Ratio (0.7x) 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 9 analysts?
6.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PBCT's forecast earnings growth (6.2% per year) is above the savings rate (1.7%).
Earnings vs Market: PBCT's earnings (6.2% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: PBCT's earnings are forecast to grow, but not significantly.
Revenue vs Market: PBCT's revenue (5.1% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: PBCT's revenue (5.1% 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%).
Next Steps
Past Performance
How has People's United Financial performed over the past 5 years?
16.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PBCT has high quality earnings.
Growing Profit Margin: PBCT's current net profit margins (27.9%) are lower than last year (28.9%).
Past Earnings Growth Analysis
Earnings Trend: PBCT's earnings have grown by 16.8% per year over the past 5 years.
Accelerating Growth: PBCT's earnings growth over the past year (11.5%) is below its 5-year average (16.8% per year).
Earnings vs Industry: PBCT earnings growth over the past year (11.5%) exceeded the Banks industry 11%.
Return on Equity
High ROE: PBCT's Return on Equity (6.5%) 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
Inventory Level: PBCT has a low level of unsold assets or inventory.
Debt Coverage by Assets: PBCT's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: PBCT's level of assets compared to its equity is low.
Allowance for Bad Loans: PBCT has a sufficient allowance for bad loans.
Low Risk Liabilities: PBCT's liabilities are made up of primarily low risk sources of funding.
Loan Level: PBCT has an acceptable proportion of non-loan assets held.
Low Risk Deposits: PBCT's loans are broadly funded by customer deposits.
Level of Bad Loans: PBCT has an appropriate level of bad loans (0.51%)
Next Steps
Dividend
What is People's United Financial's current dividend yield, its reliability and sustainability?
6.13%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PBCT's dividend (6.13%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: PBCT's dividend (6.13%) is in the top 25% of dividend payers in the US market (5.49%)
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 (55.1%), 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 (56.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
Jack Barnes (64yo)
9.92s
Tenure
US$5,700,285
Compensation
Mr. John P. Barnes, also known as Jack, serves as Chief Executive Officer and Director of People's United Bank, National Association (“Bank”) and serves as its Chairman of the Board since June 2018. He ser ...
CEO Compensation Analysis
Compensation vs Market: Jack's total compensation ($USD5.70M) is about average for companies of similar size in the US market ($USD7.36M).
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 | 9.92yrs | US$5.70m | 0.15% $7.3m | |
| President | 1.83yrs | US$1.67m | 0.038% $1.9m | |
| Senior EVP & CFO | 5.17yrs | US$1.58m | 0.026% $1.3m | |
| Senior EVP & Chief Administrative Officer | 8.83yrs | US$1.71m | 0.031% $1.6m | |
| Senior EVP of Corporate Development & Strategic Planning and Director | 9yrs | US$1.68m | 0.074% $3.7m | |
| Senior VP & Chief Accounting Officer | no data | US$610.85k | 0.0059% $298.3k | |
| Senior Vice President | 6.17yrs | no data | no data | |
| Compliance Officer | no data | no data | no data | |
| Executive VP | 1.33yrs | no data | 0.0070% $352.1k | |
| First Vice President of Marketing | no data | no data | no data |
5.3yrs
Average Tenure
57yo
Average Age
Experienced Management: PBCT's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 9.92yrs | US$5.70m | 0.15% $7.3m | |
| Senior EVP of Corporate Development & Strategic Planning and Director | 9yrs | US$1.68m | 0.074% $3.7m | |
| Independent Director | 12.17yrs | US$175.06k | 0.047% $2.4m | |
| Independent Director | 12.17yrs | US$202.54k | 0.047% $2.3m | |
| Independent Director | 5.5yrs | US$176.58k | 0.0081% $408.3k | |
| Independent Director | 16yrs | US$188.08k | 0.034% $1.7m | |
| Lead Director | no data | US$357.08k | 0.045% $2.3m | |
| Independent Director | 13.17yrs | US$164.08k | 0.057% $2.9m | |
| Chairman of People's United Insurance Agency | no data | no data | no data | |
| Independent Director | 6.5yrs | US$183.08k | 0.0089% $448.5k |
10.6yrs
Average Tenure
71yo
Average Age
Experienced Board: PBCT's board of directors are seasoned and experienced ( 10.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PBCT insiders have bought more shares than they have sold 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 13.2%.
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$5.023b
- Shares outstanding: 433.74m
- 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 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 03:25 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| 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.