People's United Financial
Market Cap
US$7.3b
Last Updated
2019/12/10 00:02 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.2%
PBCT
1.1%
US Banks
0.7%
US Market
1 Year Return
5.0%
PBCT
21.0%
US Banks
18.2%
US Market
Return vs Industry: PBCT underperformed the US Banks industry which returned 21% over the past year.
Return vs Market: PBCT underperformed the US Market which returned 18.2% over the past year.
Shareholder returns
| PBCT | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.2% | 1.1% | 0.7% |
| 30 Day | -2.7% | 0.8% | 1.5% |
| 90 Day | 3.1% | 10.5% | 5.0% |
| 1 Year | 9.5%5.0% | 24.6%21.0% | 20.8%18.2% |
| 3 Year | -4.5%-15.2% | 31.6%22.4% | 45.2%35.8% |
| 5 Year | 39.7%13.7% | 79.1%59.2% | 71.6%52.7% |
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
3 days ago | Simply Wall St
Is Now The Time To Look At Buying People's United Financial, Inc. (NASDAQ:PBCT)?2 weeks ago | Simply Wall St
Could The People's United Financial, Inc. (NASDAQ:PBCT) Ownership Structure Tell Us Something Useful?1 month ago | Simply Wall St
Is People's United Financial, Inc.'s (NASDAQ:PBCT) CEO Overpaid Relative To Its Peers?Valuation
Is People's United Financial undervalued compared to its fair value and its price relative to the market?
12.53x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PBCT ($16.5) is trading above our estimate of fair value ($15.42)
Significantly Below Fair Value: PBCT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PBCT is good value based on its PE Ratio (12.5x) compared to the Banks industry average (12.7x).
PE vs Market: PBCT is good value based on its PE Ratio (12.5x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: PBCT is poor value based on its PEG Ratio (1.2x)
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 (1.2x).
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?
10.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PBCT's forecast earnings growth (10.4% per year) is above the savings rate (1.7%).
Earnings vs Market: PBCT's earnings (10.4% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: PBCT's earnings are forecast to grow, but not significantly.
Revenue vs Market: PBCT's revenue (7.4% per year) is forecast to grow faster than the US market (7.4% per year).
High Growth Revenue: PBCT's revenue (7.4% 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 (7.8%).
Next Steps
Past Performance
How has People's United Financial performed over the past 5 years?
16.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PBCT has high quality earnings.
Growing Profit Margin: PBCT's current net profit margins (29.1%) are higher than last year (27.9%).
Past Earnings Growth Analysis
Earnings Trend: PBCT's earnings have grown by 16% per year over the past 5 years.
Accelerating Growth: PBCT's earnings growth over the past year (17.5%) exceeds its 5-year average (16% per year).
Earnings vs Industry: PBCT earnings growth over the past year (17.5%) underperformed the Banks industry 27.1%.
Return on Equity
High ROE: PBCT's Return on Equity (7.2%) is considered low.
Return on Assets
Return on Capital Employed
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 0.2x 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 (0.45%)
Next Steps
Dividend
What is People's United Financial's current dividend yield, its reliability and sustainability?
4.30%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PBCT's dividend (4.3%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: PBCT's dividend (4.3%) is in the top 25% of dividend payers in the US market (3.7%)
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 (53.6%), 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 (51.4% payout ratio).
Next Steps
Management
What is the CEO of People's United Financial's salary, the management and board of directors tenure and is there insider trading?
5.0yrs
Average management tenure
CEO
Jack Barnes (64yo)
9.7yrs
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 ($USD6.70M).
Compensation vs Earnings: Jack's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.0yrs
Average Tenure
57yo
Average Age
Experienced Management: PBCT's management team is seasoned and experienced (5 years average tenure).
Board Age and Tenure
10.3yrs
Average Tenure
71yo
Average Age
Experienced Board: PBCT's board of directors are seasoned and experienced ( 10.3 years average tenure).
Insider Trading
Insider Buying: PBCT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Unit Chairman Lead Director |
| Shares | 15,000 |
| Max Price | US$16.85 |
| Entity | Individual |
| Shares | 4,466 |
| Max Price | US$17.36 |
| Entity | Individual |
| Shares | 13,534 |
| Max Price | US$17.11 |
| Entity | Individual |
| Role | Unit Chairman Lead Director |
| Shares | 10,654 |
| Max Price | US$17.48 |
| Entity | Individual |
| Shares | 4,800 |
| Max Price | US$17.99 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 6,800 |
| Max Price | US$16.43 |
| Entity | Individual |
| Shares | 32,163 |
| Max Price | US$14.89 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.1%.
Management Team
Kirk Walters (63yo)
Senior EVP of Corporate Development & Strategic Planning and Director
- Tenure: 8.8yrs
- Compensation: US$1.68m
Jack Barnes (64yo)
Chairman of the Board & CEO
- Tenure: 9.7yrs
- Compensation: US$5.70m
Jeff Hoyt (49yo)
Senior VP & Chief Accounting Officer
- Tenure: 0yrs
- Compensation: US$610.85k
R. Rosato (57yo)
Senior EVP & CFO
- Tenure: 4.9yrs
- Compensation: US$1.58m
Cynthia Belak
First Vice President of Marketing
- Tenure: 0yrs
Jeff Tengel (56yo)
President
- Tenure: 1.6yrs
- Compensation: US$1.67m
Lee Powlus (58yo)
Senior EVP & Chief Administrative Officer
- Tenure: 8.6yrs
- Compensation: US$1.71m
Kristy Berner (44yo)
Executive VP
- Tenure: 1.1yrs
Andrew Hersom
Senior Vice President
- Tenure: 5.9yrs
Michele Johnson
Compliance Officer
- Tenure: 0yrs
Board Members
Kirk Walters (63yo)
Senior EVP of Corporate Development & Strategic Planning and Director
- Tenure: 8.8yrs
- Compensation: US$1.68m
Jack Barnes (64yo)
Chairman of the Board & CEO
- Tenure: 9.7yrs
- Compensation: US$5.70m
John Dwight (74yo)
Independent Director
- Tenure: 11.9yrs
- Compensation: US$175.06k
Mark Richards (73yo)
Independent Director
- Tenure: 11.9yrs
- Compensation: US$202.54k
Bill Cruger (61yo)
Independent Director
- Tenure: 5.3yrs
- Compensation: US$176.58k
Janet Hansen (76yo)
Independent Director
- Tenure: 15.8yrs
- Compensation: US$188.08k
George Carter (82yo)
Lead Director
- Tenure: 0yrs
- Compensation: US$357.08k
Collin Baron (71yo)
Independent Director
- Tenure: 12.9yrs
- Compensation: US$164.08k
John Byrnes
Chairman of People's United Insurance Agency
- Tenure: 0yrs
Nancy McAllister (59yo)
Independent Director
- Tenure: 6.3yrs
- Compensation: US$183.08k
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$7.321b
- Shares outstanding: 443.68m
- 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 |
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 | 2019/12/10 00:02 |
| End of Day Share Price | 2019/12/09 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.