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Corporate Factbook - #People's United Financial ($PBCT) Has A Target Price of $20,35

People's United Financial (PBCT)
Price: 18,57 -> Mean Analyst Target Price: 20,35

Market cap.: 6.53 Billion| Sector: Financial | Industry: Savings & Loans
Sales: 1.30 Billion | Income: 316.10 Million

1-Year Price Range: 15.97 - 20.26 | 1-Y Performance: 5.0% | YTD Performance: -0.7%

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 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 403 branches, including 147 full-service stop and shop supermarket branches located in Connecticut, southeastern New York, Massachusetts, Vermont, Maine, and New Hampshire, as well as 598 ATMs. People's United Financial, Inc. was founded in 1842 and is headquartered in Bridgeport, Connecticut.

Growth
Sales Growth Q/Q


22.50%
EPS Growth
Q/Q


16.40%
EPS Growth This Year


3.40%
EPS Growth Next Year


8.53%
EPS Growth Next 5 Years
  
2.00%
Sales Growth Past 5 Years

4.70%
EPS Growth Past 5 Years
  
5.70%

Returns, Margin and Leverage
Return on Assets

0.80%
Return on Equity

6.00%
Gross Margin


-
Return On Investment


14.00%
Operating Margin


82.50%
Profit Margin


24.80%
Debt-to-Equity Ratio

0,2

Per Share Data
Price



18,57
Analyst Target price

20,35
Cash per Share


3,42
Book Value Per share

16,48
EPS TTM



0,95
EPS Next Year


1,4
Dividend
Payout


70.50%

Valuation
P/E


19,59
Forward
P/E

13,26
Price to Sales

5,01
Price to Book

1,13
PEG


9,79
Beta


0,86
RSI


43,78

Latest Earnings Press Release:
People’s United Financial, Inc. (NASDAQ: PBCT) today reported net income of $106.2 million, or $0.30 per common share, for the fourth quarter of 2017, compared to $75.9 million, or $0.24 per common share, for the fourth quarter of 2016, and $90.8 million, or $0.26 per common share, for the third quarter of 2017. For the year ended December 31, 2017, net income totaled $337.2 million, or $0.97 per common share, compared to $281.0 million, or $0.92 per common share, for 2016.

Included in both the fourth quarter and full year 2017 results were the following items, which are deemed non-operating, given their non-recurring nature: merger-related expenses; security losses incurred as a tax planning strategy in response to tax reform; and a tax benefit realized in connection with tax reform. The comparable periods in the prior year included merger-related expenses and acquisition integration costs.

Operating earnings were $104.5 million, or $0.31 per common share, for the fourth quarter of 2017, compared to $75.1 million, or $0.24 per common share, for the fourth quarter of 2016, and $89.3 million, or $0.26 per common share, for the third quarter of 2017. For the year ended December 31, 2017, operating earnings totaled $345.8 million, or $1.04 per common share, compared to $282.3 million, or $0.93 per common share, for 2016.

The Company’s Board of Directors declared a $0.1725 per common share quarterly dividend payable February 15, 2018 to shareholders of record on February 1, 2018. Based on the closing stock price on January 17, 2018, the dividend yield on People’s United Financial common stock is 3.5 percent.
“The Company’s performance in 2017 demonstrated our commitment to enhancing profitability and building the business for the long-term,” commented Jack Barnes, President and Chief Executive Officer. “Full year operating earnings of $345.8 million is the highest in the bank’s 175 year history, while operating earnings per common share of $1.04 increased for the eighth consecutive year. Period-end loan and deposit balances were $32.6 billion and $33.1 billion, respectively, up 10 percent and 11 percent from a year ago. These results reflect the hard work of our employees who successfully closed and integrated two acquisitions during the year and delivered continued organic growth across the franchise.”

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