E Daily Stock Pick: People's United

A portfolio of stocks I've been building since September 3, 2019, named Volio, will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the first of five financial services sector stocks poised to join my Volio folio this week. This could be my fortieth pick for Volio!

That consumer cyclical 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.

My subject today is a mid-cap regional bank named, People's United Financial Inc. Its trading ticker symbol is PBCT. This is my second report on People's United for this Volio portfolio. The previous report was on February 15th.

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

Of the bank's 450 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 loans.

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

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

(1) Price

(2) Dividends

(3) Returns

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

PBCT Price

People's price per share closed at $11.45 yesterday. A year ago their price was $15.61. Price fell $4.16 or about 26.6% last year.

Assuming People's stock trades in the range of $8 to $18 this next year, its recent $11.45 price might rise by $1.05 to reach $12.50 by June `1, 2021.

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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