People's United Financial, Inc. (NASDAQ:PBCT)

CAPS Rating: 4 out of 5

A holding company for People's Bank, which offers a range of financial services to individual, corporate and municipal customers.

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Member Avatar afewgoodstocks14 (< 20) Submitted: 5/2/2014 11:11:01 PM : Outperform Start Price: $14.11 PBCT Score: -3.62

Div. (Yield) $0.66 (4.6%)

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Member Avatar AllTooFoolish (90.35) Submitted: 4/24/2014 9:25:11 AM : Outperform Start Price: $10.92 PBCT Score: -19.64

People’s United stock continues to perform well, yet remains undervalued. While earnings have generated modest improvements, their future looks bright. This stock's price remains well below its fair value and has a solid dividend yield to protect against downside risk.

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Member Avatar OTH65 (< 20) Submitted: 1/4/2013 1:40:27 PM : Outperform Start Price: $11.43 PBCT Score: -10.48

This bank has a financial picture that is mixed, however it appears that it is set to move in a positive direction. Cash flow is a 35%, the gross profit margin is at 88% and it has had a positive earnings per share over the last 2 years. These are all positive signs although their net profit has been only 18% I do believe that this company is ready to move higher. They also pay a decent dividend return of 5.30%.

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Member Avatar glapolla (< 20) Submitted: 1/3/2013 7:29:32 AM : Outperform Start Price: $11.35 PBCT Score: -9.34

This bank has strong fundamentals and is very customer friendly

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Member Avatar tank4570 (< 20) Submitted: 12/18/2012 2:46:45 PM : Outperform Start Price: $11.22 PBCT Score: -8.76

with the rebuilding, business should be great. Insurance co. money will fuel developement big and small. Short term loans will aiiow the bank to turn their capital.

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Member Avatar JCash22 (93.22) Submitted: 1/18/2012 8:06:15 PM : Outperform Start Price: $11.45 PBCT Score: -25.71

feeling bullish with this one

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Member Avatar monthlyincome (< 20) Submitted: 10/14/2011 12:23:39 PM : Outperform Start Price: $10.05 PBCT Score: -20.36

People’s United Financial (NASDAQ: PBCT) is also offering fantastic value at current prices. People’s has $1.2 billion in cash on hand. Cash represents almost one-third of its market capitalization. And it’s one of the most conservative banks in the industry. During the recent banking crisis, PBCT’s loan losses were 94% lower than the average of its peers.

People’s United treats its shareholders well. The bank has raised its dividend every year for the past seventeen years. It has a current dividend yield of 5%. And it has increased its profits for three straight quarters. Over the last year, its profits have increased 220%.

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Member Avatar Danpines (< 20) Submitted: 9/18/2011 8:14:01 AM : Outperform Start Price: $10.28 PBCT Score: -26.21

well capitalized regional bank that never took any fed money during the financial crisis.

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Member Avatar laborduck (38.10) Submitted: 6/26/2011 3:50:36 PM : Outperform Start Price: $10.72 PBCT Score: -22.33

Solid expansions executions, increased lending activities and deposits growth, committed dividends distribution, and possible buyback after closing of Denvers Bankcorp deal are reasons why PBCT will do well in this choppy markets.

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Member Avatar cheme1910 (66.46) Submitted: 3/29/2011 11:05:55 AM : Outperform Start Price: $10.35 PBCT Score: -12.86

Great dividend, stock price looks to hit its floor around $12.25 - 12.50. After acquisition is fully absorbed should improve earnings and dividend has been very consistent. Don't expect a quick jump, but should be an overall steady performer with consistent dividend.

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Member Avatar mugwump67 (59.27) Submitted: 2/5/2011 4:41:43 PM : Outperform Start Price: $10.95 PBCT Score: -19.73

Its nice to see a bank that actually acts like a bank for a change. But ultimately I've had great experiences with them as a consumer, so its a bit of a sentimental pick.

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Member Avatar truthisntstupid (91.29) Submitted: 12/28/2010 10:17:06 PM : Outperform Start Price: $10.91 PBCT Score: -27.79

I went hunting. This sector is being punished quite a bit. Many deserve their beating with an ugly stick. I tried to find some that didn't. And this is one of them.

CAPS gives PBCT a 3-Star rating.
Dividendinvestor.com doesn't give it any Star rating, because according to them, it has only 2 consecutive years of dividend increases under its belt, but that's horsehockey.
S & P gives it a 5-Star rating. For its dividend record, look here. The link is below. Be aware that every time there appears to be a decrease in the dividend - going all the way back to 1996 - it is always because of a stock split.
Morningstar.com gives PBCT a 3-Star rating.

I wanted my picks in this sector to pay a decent dividend that hadn't been cut, and I also wanted banks that had refused TARP funds. Ergo, check this article out:
http://money.cnn.com/2010/09/15/news/companies/thebuzz/index.htm?source=motleyfool

http://outlook.standardandpoors.com/NASApp/NetAdvantage/servlet/login?url=/NASApp/NetAdvantage/index.do

http://www.morningstar.com/

Now, on to the details of what I found.
People's Untied is the 3rd-largest bank in Connecticut, behind only Webster Financial and Bank Of America, and has branches in 5 other Northeastern states. Morningstar's description.

Actually, most of what I have is from Morningstar.com. Here, then, is "Morningstar's Take:"

"Due in part to a second-step conversion from a mutual holding company to a fully public company in 2007, People's United Financial possesses a fortress-like balance sheet. We think its relationship-based strategy has proved its mettle so far, and we would consider an investment in this New England bank at a reasonable price."

Also from Morningstar:
Consensus analysts rating (17 analysts) is 1.5, with a "1" being the strongest "buy" rating, and "2" being a hold, or at least, a lesser buy rating.
Current P/E is 62. But the forward P/E is 26.3.
I'm in need of some time spent learning a lot more about banks and what to look for in their statements. I do know from some reading I've done that short-term debt is, or can be, very, very, bad. Financing a lot of long-term loans with short-term debt, I've read, can lead to disaster.
If you go to Morningstar.com, to look up PBCT, and click on "Key Ratios," then go down to the bottom of the page and click on "Financial Health," what you will find is that there is no short-term debt - at all.
As a matter of fact, total Debt/Equity as listed both here at CAPS and Morningstar.com is only 0.08. That sounds pretty good. I doubt if it's a bad thing, anyway.
As I said, Dividendinvestor.com says it only has two consecutive years of dividend increases. Funny - I though 1996 was a lot longer ago than that. Look at the S & P site I gave you a link to for the dividend info.
Now, there's that pesky 280% dividend payout ratio. First, a little digging around will show you that the people at S & P believe this dividend can be counted on. Then there's the fact that the current P/E is 62.1 and the forward P/E is 26.3.
CAPS lists the 5-year dividend growth rate as 10.32%
Dividendinvestor.com lists the 3-year dividend growth rate as 17.62%, of course their data seems questionable on this one.
Anyway, it's a 4.4% dividend yield from a bank that refused TARP money and never cut its dividend. And from all the information I can dig up, it sounds pretty good. It's at least CAPS good, and probably a good place to park some money, too.

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Member Avatar SmallPimpin (34.58) Submitted: 8/12/2010 2:02:54 AM : Outperform Start Price: $10.45 PBCT Score: -49.89

Mmm...banking...

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Member Avatar Tero45 (< 20) Submitted: 8/6/2010 3:25:04 PM : Underperform Start Price: $10.90 PBCT Score: +45.29

Looking at the monthly chart, I see two important signs. The volume has tripled in the past few years.
And the price range is in a top filled channel. Something Ted Warren would call "False Support"
Meaning smart money wants to unload the stock.
And is buying just enough to trigger a rally, then dumping as much as the market can swallow.
Once smart money has unloaded its position, the rallies WILL end.

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Member Avatar bigmike7 (41.44) Submitted: 8/4/2010 11:48:34 PM : Outperform Start Price: $10.95 PBCT Score: -45.65

Well run - lotsa cash - stayed out of junk mortgages - sure fire winner as far as banks go IMO

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Member Avatar MikeMotley (< 20) Submitted: 7/12/2010 4:22:52 PM : Outperform Start Price: $11.23 PBCT Score: -49.26

Cramer Bank Pick

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Member Avatar ng8111 (< 20) Submitted: 5/2/2010 4:38:00 PM : Outperform Start Price: $12.41 PBCT Score: -50.52

Overpriced but in a great sector of the economy; it is a great company.

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Member Avatar wishing2 (61.84) Submitted: 3/29/2010 4:58:44 PM : Outperform Start Price: $12.43 PBCT Score: -53.39

This bank has tons of cash, no debt, safe lending practices (no sub prime loans) and is on an acquisition hunt.

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Member Avatar mark1970 (25.36) Submitted: 12/10/2009 4:44:04 PM : Outperform Start Price: $12.44 PBCT Score: -66.00

should benefit from taking over some weaker banks.

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Member Avatar HouseOfSpears (< 20) Submitted: 10/28/2009 7:23:34 PM : Outperform Start Price: $12.73 PBCT Score: -75.83

I think PBCT could get hot as regional banking heats up.

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