About People's United Financial (NASDAQ:PBCT)
People's United Financial, Inc. is a bank holding company and a financial holding company of People's United Bank (the Bank). The Bank is engaged in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company operates through two segments: Commercial Banking and Retail Banking. Commercial Banking segment is engaged in commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. It offers cash management, correspondent banking, municipal banking, institutional trust services, corporate trust, insurance services and private banking, among others. Retail Banking segment provides consumer lending (including residential mortgage and home equity lending) and consumer deposit gathering activities. The Retail Banking segment also includes brokerage, financial advisory services, investment management services, and life insurance and non-institutional trust services.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Retail & Mortgage Banks
- Sub-Industry: Thrifts & Mortgage Finance
- Symbol: NASDAQ:PBCT
- CUSIP: 71270410
- Web: www.peoples.com
- Market Cap: $6.50893 billion
- Outstanding Shares: 337,510,000
- 50 Day Moving Avg: $17.59
- 200 Day Moving Avg: $17.41
- 52 Week Range: $15.97 - $20.13
Sales & Book Value:
- Trailing P/E Ratio: 21.13
- Foreward P/E Ratio: 17.33
- P/E Growth: 5.54
- Annual Revenue: $1.34 billion
- Price / Sales: 4.76
- Book Value: $16.18 per share
- Price / Book: 1.17
- Annual Dividend: $0.69
- Dividend Yield: 3.7%
- Net Margins: 19.32%
- Return on Equity: 6.40%
- Return on Assets: 0.79%
- Debt-to-Equity Ratio: 0.74%
- Current Ratio: 0.98%
- Quick Ratio: 0.98%
- Average Volume: 2.23 million shs.
- Beta: 0.84
- Short Ratio: 9.01
Frequently Asked Questions for People's United Financial (NASDAQ:PBCT)
What is People's United Financial's stock symbol?
People's United Financial trades on the NASDAQ under the ticker symbol "PBCT."
How often does People's United Financial pay dividends? What is the dividend yield for People's United Financial?
People's United Financial declared a quarterly dividend on Thursday, October 19th. Investors of record on Wednesday, November 1st will be paid a dividend of $0.1725 per share on Wednesday, November 15th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.65%. View People's United Financial's Dividend History.
How were People's United Financial's earnings last quarter?
People's United Financial, Inc. (NASDAQ:PBCT) issued its quarterly earnings data on Thursday, October, 19th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The company earned $373.90 million during the quarter, compared to the consensus estimate of $374.59 million. People's United Financial had a return on equity of 6.40% and a net margin of 19.32%. People's United Financial's revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. View People's United Financial's Earnings History.
When will People's United Financial make its next earnings announcement?
Where is People's United Financial's stock going? Where will People's United Financial's stock price be in 2017?
10 brokerages have issued twelve-month price objectives for People's United Financial's shares. Their forecasts range from $17.00 to $20.50. On average, they anticipate People's United Financial's stock price to reach $18.84 in the next twelve months. View Analyst Ratings for People's United Financial.
What are analysts saying about People's United Financial stock?
Here are some recent quotes from research analysts about People's United Financial stock:
- 1. According to Zacks Investment Research, "Shares of People’s United have underperformed the industry in the last six months. The company has a decent earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company is steadily growing through acquisitions, which is likely to continue in the near future, given its strong balance sheet position. Also, the company’s steady capital deployment activities continue to enhance investors’ confidence. However, escalating expenses despite undertaking initiatives to curb costs remains a concern. Further, a stretched valuation indicates limited upside potential for the stock." (10/9/2017)
- 2. Keefe, Bruyette & Woods analysts commented, "ONDK reported a mixed quarter, and announced an additional $25M expense reduction initiative, reflecting tighter underwriting and implying GAAP operating expenses exit ’17 with an $160M annual run-rate. The company is reducing FY17 gross revenue guidance 9% despite strong borrower demand, but maintaining FY17 EBITDA of $5M-15M, representing a clear shift to profitability over growth. Based on current valuation, along with a higher financials" investors base, we agree with management’s strategic shift. However, elevated provision rates along with increasing interest rates likely cap near-term upside until the market can digest the algorithm’s ability to leverage its lower expense base. In additon, despite Other revenue +112% y/y, a lack of bank partnerships announcements, similar to Chase, could curb enthusiasm around licensing opportunities." (5/9/2017)
Who are some of People's United Financial's key competitors?
Some companies that are related to People's United Financial include BankUnited (BKU), Cathay General Bancorp (CATY), Walker & Dunlop (WD), WSFS Financial Corporation (WSFS), Berkshire Hills Bancorp (BHLB), Virgin Money Holdings PLC (VM), Meta Financial Group (CASH), Ocwen Financial Corporation (OCN), Ellington Financial LLC (EFC), PennyMac Financial Services (PFSI), America First Multifamily Investors, L.P. (ATAX), First Bank (FRBA), Arbuthnot Banking Group Plc (ARBB), Porter Bancorp (PBIB), Walter Investment Management Corp. (WAC), Bank Of Kentucky Financial Corp (BKYF) and TSB Banking Group PLC (TSB).
Who are People's United Financial's key executives?
People's United Financial's management team includes the folowing people:
- John P. Barnes, President, Chief Executive Officer, Director
- R. David Rosato, Chief Financial Officer, Executive Vice President
- David K. Norton, Senior Executive Vice President, Chief Human Resources Officer
- Lee C. Powlus, Senior Executive Vice President, Chief Administrative Officer
- Chantal D. Simon, Senior Executive Vice President, Chief Risk Officer
- Robert E. Trautmann, Senior Executive Vice President, General Counsel
- Galan G. Daukas, Executive Vice President, Wealth management
- Sara M. Longobardi, Senior Executive Vice President - Retail banking
- Jeffrey J. Tengel, Senior Executive Vice President - Commercial Banking Group
- George P. Carter, Non-Executive Independent Chairman of the Board
Who owns People's United Financial stock?
People's United Financial's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.15%), Shell Asset Management Co. (0.08%), PGGM Investments (0.06%), Viking Fund Management LLC (0.05%), Butensky & Cohen Financial Security Inc. (0.03%) and Mycio Wealth Partners LLC (0.03%). Company insiders that own People's United Financial stock include Collin P Baron, David K Norton, Galan G Daukas, George P Carter, Janet M Hansen, Jeffrey Hoyt, Jeffrey J Tengel, Jerry Franklin, John K Dwight, John P Barnes, Kevin T Bottomley, Lee C Powlus, Mark W Richards, R David Rosato, Richard M Hoyt, Robert E Trautmann and Sara M Longobardi. View Institutional Ownership Trends for People's United Financial.
Who sold People's United Financial stock? Who is selling People's United Financial stock?
People's United Financial's stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., PGGM Investments, State Treasurer State of Michigan and Assenagon Asset Management S.A.. Company insiders that have sold People's United Financial stock in the last year include Collin P Baron, David K Norton, Galan G Daukas, George P Carter, Janet M Hansen, Jeffrey Hoyt, Jeffrey J Tengel, Jerry Franklin, John K Dwight, John P Barnes, Kevin T Bottomley, Lee C Powlus, Mark W Richards, R David Rosato, Richard M Hoyt, Robert E Trautmann and Sara M Longobardi. View Insider Buying and Selling for People's United Financial.
Who bought People's United Financial stock? Who is buying People's United Financial stock?
People's United Financial's stock was bought by a variety of institutional investors in the last quarter, including Shell Asset Management Co., Mycio Wealth Partners LLC, Mutual of America Capital Management LLC, Butensky & Cohen Financial Security Inc. and Viking Fund Management LLC. View Insider Buying and Selling for People's United Financial.
How do I buy People's United Financial stock?
Shares of People's United Financial can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is People's United Financial's stock price today?
MarketBeat Community Rating for People's United Financial (NASDAQ PBCT)MarketBeat's community ratings are surveys of what our community members think about People's United Financial and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of People's United Financial stock can currently be purchased for approximately $18.89.
Consensus Ratings for People's United Financial (NASDAQ:PBCT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 8 Hold Ratings|
|Consensus Rating:||Hold (Score: 1.80)|
|Consensus Price Target: ||$18.84 (0.24% downside)|Consensus Price Target History for People's United Financial (NASDAQ:PBCT)
Analysts' Ratings History for People's United Financial (NASDAQ:PBCT)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/22/2017||Piper Jaffray Companies||Reiterated Rating||Sell||$17.00||N/A|
|8/18/2017||Jefferies Group LLC||Reiterated Rating||Hold||$19.00||Low|
|7/10/2017||Keefe, Bruyette & Woods||Reiterated Rating||Neutral -> Hold||Low|
|7/7/2017||Morgan Stanley||Reiterated Rating||Equal Weight||$17.50 -> $17.75||Low|
|3/10/2017||Sandler O'Neill||Upgrade||Sell -> Hold||$17.00 -> $19.50||Low|
|1/20/2017||Barclays PLC||Boost Price Target||Underweight||$17.00 -> $18.00||N/A|
|1/6/2017||Wells Fargo & Company||Initiated Coverage||Market Perform||N/A|
|1/5/2017||J P Morgan Chase & Co||Initiated Coverage||Neutral||$20.50||N/A|
|12/21/2016||Stephens||Initiated Coverage||Equal Weight||N/A|
|12/20/2016||FBR & Co||Upgrade||Underperform -> Market Perform||$15.00 -> $20.00||N/A|
|10/11/2016||Deutsche Bank AG||Boost Price Target||Hold||$14.00 -> $15.00||N/A|
|11/10/2015||Janney Montgomery Scott||Boost Price Target||Buy||$16.00 -> $17.00||N/A|
Earnings History for People's United Financial (NASDAQ:PBCT)Earnings History by Quarter for People's United Financial (NASDAQ PBCT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/19/2017||Q3 2017||$0.25||$0.26||$374.59 million||$373.90 million||View||N/A|
|7/20/2017||Q2 2017||$0.23||$0.19||$357.16 million||$366.50 million||View||N/A|
|4/20/2017||Q1 2017||$0.22||$0.22||$336.29 million||$342.80 million||View||N/A|
|1/19/2017||Q416||$0.24||$0.24||$343.60 million||$331.00 million||View||N/A|
|10/20/2016||Q316||$0.23||$0.25||$334.90 million||$336.10 million||View||Listen|
|7/21/2016||Q216||$0.22||$0.23||$331.63 million||$325.40 million||View||Listen|
|4/21/2016||Q116||$0.21||$0.21||$332.23 million||$322.40 million||View||Listen|
|1/21/2016||Q415||$0.23||$0.22||$326.20 million||$332.10 million||View||Listen|
|10/15/2015||Q315||$0.22||$0.23||$325.08 million||$321.90 million||View||Listen|
|7/16/2015||Q215||$0.21||$0.21||$318.22 million||$313.40 million||View||Listen|
|4/16/2015||Q115||$0.20||$0.21||$313.91 million||$317.10 million||View||N/A|
|1/15/2015||Q414||$0.21||$0.22||$317.12 million||$314.90 million||View||N/A|
|10/16/2014||Q314||$0.21||$0.21||$317.99 million||$312.50 million||View||Listen|
|7/17/2014||Q214||$0.20||$0.24||$315.20 million||$328.30 million||View||Listen|
|4/16/2014||Q1||$0.20||$0.18||$312.70 million||$307.00 million||View||Listen|
|7/18/2013||Q2 2013||$0.19||$0.20||$307.93 million||View||Listen|
|4/18/2013||Q1 2013||$0.18||$0.18||$309.81 million||View||Listen|
|1/17/2013||Q4 2012||$0.19||$0.19||$314.17 million||View||N/A|
Earnings Estimates for People's United Financial (NASDAQ:PBCT)
2017 EPS Consensus Estimate: $0.94
2018 EPS Consensus Estimate: $1.07
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for People's United Financial (NASDAQ:PBCT)
|Dividend Growth:||1.50% (3 Year Average)|
|Payout Ratio:||75.83% (Trailing 12 Months of Earnings) |
71.88% (Based on This Year's Estimates)
63.30% (Based on Next Year's Estimates)
|Track Record:||10 Years of Consecutive Dividend Growth|
Dividend History by Quarter for People's United Financial (NASDAQ PBCT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for People's United Financial (NASDAQ:PBCT)
Insider Ownership Percentage: 2.70%Insider Trades by Quarter for People's United Financial (NASDAQ:PBCT)
Institutional Ownership Percentage: 77.19%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/20/2017||Janet M Hansen||Director||Sell||12,000||$17.14||$205,680.00|| |
|7/25/2017||Jeffrey Hoyt||Insider||Sell||6,759||$17.98||$121,526.82|| |
|6/8/2017||Robert E Trautmann||VP||Sell||118,836||$17.08||$2,029,718.88|| |
|5/30/2017||Jerry Franklin||Director||Sell||4,520||$16.72||$75,574.40|| |
|3/7/2017||David K Norton||VP||Sell||149,965||$19.24||$2,885,326.60|| |
|3/7/2017||Galan G. Daukas||Insider||Sell||9,143||$19.21||$175,637.03|| |
|2/17/2017||Robert E. Trautmann||VP||Sell||696||$19.10||$13,293.60|| |
|2/10/2017||Robert E. Trautmann||VP||Sell||232||$18.77||$4,354.64|| |
|1/25/2017||Mark W Richards||Director||Sell||32,732||$19.02||$622,562.64|| |
|1/24/2017||Richard M Hoyt||Director||Sell||100,000||$18.89||$1,889,000.00|| |
|12/15/2016||David K Norton||VP||Sell||43,745||$19.34||$846,028.30|| |
|12/13/2016||Richard M Hoyt||Director||Sell||50,000||$19.38||$969,000.00|| |
|12/8/2016||Jeffrey J Tengel||Insider||Sell||195,883||$20.04||$3,925,495.32|| |
|12/8/2016||Kevin T Bottomley||Director||Sell||5,000||$19.85||$99,250.00|| |
|12/1/2016||R David Rosato||CFO||Sell||43,830||$18.92||$829,263.60|| |
|11/18/2016||John K Dwight||Director||Sell||50,000||$18.21||$910,500.00|| |
|11/17/2016||Janet M. Hansen||Director||Sell||194,415||$18.21||$3,540,297.15|| |
|11/17/2016||Jeffrey Hoyt||Insider||Sell||14,176||$18.28||$259,137.28|| |
|11/16/2016||Collin P Baron||Director||Sell||194,415||$18.37||$3,571,403.55|| |
|11/15/2016||George P Carter||Director||Sell||236,679||$18.53||$4,385,661.87|| |
|11/14/2016||David K Norton||VP||Sell||153,792||$18.55||$2,852,841.60|| |
|11/14/2016||Jerry Franklin||Director||Sell||194,415||$18.75||$3,645,281.25|| |
|11/14/2016||John P Barnes||Insider||Sell||200,000||$18.44||$3,688,000.00|| |
|11/10/2016||Kevin T Bottomley||Director||Sell||7,000||$18.04||$126,280.00|| |
|11/10/2016||Lee C. Powlus||VP||Sell||26,442||$17.92||$473,840.64|| |
|11/10/2016||Sara M. Longobardi||Insider||Sell||12,437||$17.88||$222,373.56|| |
|11/9/2016||John P. Barnes||Insider||Sell||136,809||$17.48||$2,391,421.32|| |
|11/2/2016||Robert E. Trautmann||VP||Sell||10,000||$16.12||$161,200.00|| |
|8/31/2016||David K. Norton||VP||Sell||15,495||$16.05||$248,694.75|| |
|8/18/2016||Robert E. Trautmann||VP||Sell||47,707||$15.48||$738,504.36|| |
|8/5/2016||Robert E. Trautmann||VP||Sell||186,123||$15.38||$2,862,571.74|| |
|3/9/2016||Jerry Franklin||Director||Sell||4,950||$15.38||$76,131.00|| |
|3/4/2016||Galan G. Daukas||EVP||Sell||7,624||$15.59||$118,858.16|| |
|3/4/2016||Mark W. Richards||Director||Sell||6,500||$15.54||$101,010.00|| |
|11/2/2015||Janet M Hansen||Director||Sell||10,000||$16.14||$161,400.00|| |
|7/21/2015||Galan G Daukas||EVP||Sell||4,865||$16.20||$78,813.00|| |
|6/17/2015||Kirk W Walters||VP||Sell||383,982||$16.08||$6,174,430.56|| |
|6/16/2015||Jeffrey Hoyt||Insider||Sell||87,841||$16.11||$1,415,118.51|| |
|5/1/2015||Jerry Franklin||Director||Sell||5,000||$15.03||$75,150.00|| |
|2/4/2015||Robert E Trautmann||VP||Sell||4,190||$14.53||$60,880.70|| |
|2/4/2015||Sara M Longobardi||EVP||Sell||6,678||$14.53||$97,031.34|| |
|1/21/2015||Galan G Daukas||EVP||Buy||7,600||$14.12||$107,312.00|| |
|1/20/2015||Galan G Daukas||EVP||Buy||7,600||$14.12||$107,312.00|| |
|12/18/2014||William Frank Jr. Cruger||Director||Buy||6,725||$14.88||$100,068.00|| |
|12/4/2014||Jeffrey Hoyt||Insider||Sell||2,920||$14.67||$42,836.40|| |
|8/29/2014||Jerry Franklin||Director||Sell||3,700||$14.93||$55,241.00|| |
|8/11/2014||Robert E Trautmann||VP||Sell||15,000||$14.47||$217,050.00|| |
|8/4/2014||Mark W Richards||Director||Sell||30,000||$14.36||$430,800.00|| |
|3/5/2014||George Carter||Director||Sell||4,000||$14.34||$57,360.00|| |
|1/24/2014||Galan Daukas||EVP||Buy||11,400||$14.66||$167,124.00|| |
|10/31/2013||Kevin T Bottomley||Director||Sell||25,000||$14.49||$362,250.00|| |
|9/10/2013||Jeffrey Hoyt||Insider||Sell||2,014||$14.32||$28,840.48|| |
|5/20/2013||Jerry Franklin||Director||Sell||8,571||$14.11||$120,936.81|| |
Headline Trends for People's United Financial (NASDAQ:PBCT)
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People's United Financial (PBCT) Chart for Monday, October, 23, 2017