E Daily Stock Pick: People's United Financial (PBCT)

This week, I'm looking for the sixth financial services representative of seven for my Ivy portfolio.

That financial sector includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns.

Today I'm reviewing another mid-cap bank - regional - US entity named People's United Financial. The trading ticker symbol is PBCT.

People's United Financial Inc has nearly $39 billion of assets. People's United Bank is one of the largest New England-based banks and among the top 50 in the U.S.

Of the bank's 422 locations, 40% are in Connecticut, where it ranks third by deposit market share. It also ranks among the top 10 in Vermont, New Hampshire, and Maine.

The bank offers brokerage, financial advisory and wealth management, and insurance services. Commercial real estate accounts for 35% of the loan book, C&I and equipment financing accounts for another 35%, and the rest is in mortgages and consumer credit.

It operates through a network of 422 branches in Connecticut, southeastern New York, Massachusetts, Vermont, Maine, and New Hampshire, as well as 607 ATMs.

The company was founded in 1842 and is headquartered in Bridgeport, Connecticut.

I use three key data points to gauge dividend paying equities or funds like People's United Financial:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

PBCT Price

People's price per share closed at $16.30 yesterday. A year ago its price was $18.55. Price fell $2.25 or 12.13% in the past year.

Assuming People's stock trades in the range of $14.00 to $20.00 this year, People's recent $16.30 price could rise by $0.70 and go to $17.00 by late June 2020.

PBCT Dividends

People's most recent quarterly dividend was $0.1775 paid May 15th.

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Disclosure: This article was compiled by Rydlun & ...

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John Williams 11 months ago Member's comment

Had no idea this stock even existed. Thanks. $PBCT