NasdaqGS:PBCT

Stock Analysis Report

People's United Financial

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.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

-2.5%

PBCT

-1.1%

US Banks

-0.6%

US Market


1 Year Return

-11.3%

PBCT

-6.9%

US Banks

0.6%

US Market

PBCT underperformed the Banks industry which returned -6.9% over the past year.

PBCT underperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

PBCTIndustryMarket
7 Day-2.5%-1.1%-0.6%
30 Day13.2%8.5%2.2%
90 Day-2.5%4.6%1.1%
1 Year-7.5%-11.3%-4.2%-6.9%2.9%0.6%
3 Year13.3%0.6%53.6%43.1%44.6%35.2%
5 Year33.9%8.9%63.8%46.1%61.9%44.2%

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

2 weeks ago | Simply Wall St

Does People's United Financial, Inc.'s (NASDAQ:PBCT) September Stock Price Reflect Its Future Growth?

Valuation

Is People's United Financial undervalued based on future cash flows and its price relative to the stock market?

12.13x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

People's United Financial's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

People's United Financial's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

People's United Financial is good value based on earnings compared to the US Banks industry average.

People's United Financial is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

People's United Financial is good value based on expected growth next year.


Price Based on Value of Assets

People's United Financial is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is People's United Financial expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

People's United Financial's revenue is expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).

People's United Financial's earnings are expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).

People's United Financial's revenue growth is expected to exceed the United States of America market average.

People's United Financial's earnings growth is positive but not above the United States of America market average.

People's United Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

People's United Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has People's United Financial performed over the past 5 years?

14.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

People's United Financial's year on year earnings growth rate has been positive over the past 5 years.

People's United Financial's 1-year earnings growth exceeds its 5-year average (20.6% vs 14.9%)

People's United Financial's earnings growth has not exceeded the US Banks industry average in the past year (20.6% vs 32%).


Return on Equity

People's United Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

People's United Financial used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if People's United Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

People's United Financial has an acceptable proportion of non-loan assets held.

People's United Financial has a sufficient allowance for bad loans.

People's United Financial's liabilities are made up of primarily low risk sources of funding.

People's United Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at People's United Financial are broadly funded by customer deposits.

People's United Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is People's United Financial's current dividend yield, its reliability and sustainability?

4.47%

Expected Dividend Yield


Dividend Yield and Payments Analysis

People's United Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

People's United Financial's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (2x coverage).


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?

4.8yrs

Average management tenure


CEO

Jack Barnes (64yo)

9.4yrs

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

Jack's remuneration is about average for companies of similar size in United States of America.

Jack's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.8yrs

Average Tenure

57yo

Average Age

The tenure for the People's United Financial management team is about average.


Board Age and Tenure

10.1yrs

Average Tenure

71yo

Average Age

The average tenure for the People's United Financial board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$77,53030 Apr 19
Mark Herron
EntityIndividual
Shares4,466
Max PriceUS$17.36
SellUS$231,56713 Mar 19
Galan Daukas
EntityIndividual
Shares13,534
Max PriceUS$17.11
SellUS$186,23206 Mar 19
George Carter
EntityIndividual
Role
Unit Chairman
Lead Director
Shares10,654
Max PriceUS$17.48
SellUS$86,35204 Mar 19
Jerry Franklin
EntityIndividual
Shares4,800
Max PriceUS$17.99
SellUS$111,74624 Jan 19
Mark Richards
EntityIndividual
Role
Member of the Board of Directors
Director
Shares6,800
Max PriceUS$16.43
SellUS$478,90720 Dec 18
David Norton
EntityIndividual
Shares32,163
Max PriceUS$14.89

Ownership Breakdown


Management Team

  • Kirk Walters (63yo)

    Senior EVP of Corporate Development & Strategic Planning and Director

    • Tenure: 8.5yrs
    • Compensation: US$1.68m
  • Jack Barnes (64yo)

    Chairman of the Board & CEO

    • Tenure: 9.4yrs
    • 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: 4.7yrs
    • Compensation: US$1.58m
  • Cynthia Belak

    First Vice President of Marketing

    • Tenure: 0yrs
  • Jeff Tengel (56yo)

    President

    • Tenure: 1.3yrs
    • Compensation: US$1.67m
  • Lee Powlus (58yo)

    Senior EVP & Chief Administrative Officer

    • Tenure: 8.3yrs
    • Compensation: US$1.71m
  • Kristy Berner (44yo)

    Executive VP

    • Tenure: 0.8yrs
  • Andrew Hersom

    Senior Vice President

    • Tenure: 5.7yrs
  • Michele Johnson

    Compliance Officer

    • Tenure: 0yrs

Board Members

  • Kirk Walters (63yo)

    Senior EVP of Corporate Development & Strategic Planning and Director

    • Tenure: 8.5yrs
    • Compensation: US$1.68m
  • Jack Barnes (64yo)

    Chairman of the Board & CEO

    • Tenure: 9.4yrs
    • Compensation: US$5.70m
  • John Dwight (74yo)

    Director

    • Tenure: 11.7yrs
    • Compensation: US$175.06k
  • Mark Richards (73yo)

    Director

    • Tenure: 11.7yrs
    • Compensation: US$202.54k
  • Bill Cruger (61yo)

    Director

    • Tenure: 5yrs
    • Compensation: US$176.58k
  • Janet Hansen (76yo)

    Director

    • Tenure: 15.6yrs
    • Compensation: US$188.08k
  • George Carter (82yo)

    Lead Director

    • Tenure: 0yrs
    • Compensation: US$357.08k
  • Collin Baron (71yo)

    Director

    • Tenure: 12.7yrs
    • Compensation: US$164.08k
  • John Byrnes

    Chairman of People's United Insurance Agency

    • Tenure: 0yrs
  • Nancy McAllister (59yo)

    Director

    • Tenure: 6yrs
    • 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$6.247b
  • Shares outstanding: 392.64m
  • Website: https://www.peoples.com

Number of Employees


Location

  • People's United Financial, Inc.
  • 850 Main Street
  • Bridgeport
  • Connecticut
  • 6604
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PBCTNasdaqGS (Nasdaq Global Select)YesCommon Stock with Par Value 0.01USUSDJul 1988
PP21DB (Deutsche Boerse AG)YesCommon Stock with Par Value 0.01DEEURJul 1988
0KH6LSE (London Stock Exchange)YesCommon Stock with Par Value 0.01GBUSDJul 1988
PBCT.PNasdaqGS (Nasdaq Global Select)PERP PFD SER AUSUSDOct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/22 00:00
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.