People’s United Financial Inc. (PBCT): What is Its Dividend Yield?

People’s United Financial Inc. (NASDAQ:PBCT) saw a downside of -0.39% to close Tuesday at $17.67 after subtracting -$0.07 on the day. The 5-day average trading volume is 2,387,780 shares of the company’s common stock. It has gained $18.18 in the past week. An average of 3,592,660 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,115,386.

PBCT’s 1-month performance is 9.48% or $1.68 on its low of $15.33 reached on 09/20/21. The company’s shares have touched a 52-week low of $10.23 and high of $19.62, with the stock’s rally to the 52-week high happening on 05/18/21. YTD, PBCT has achieved 36.66% or $4.74. However, the current price is down -9.94%% from the 52-week high price.


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Insider Transactions

On May 21, 145 days have gone by since the last insider trading activity for People’s United Financial Inc. (PBCT). Powlus Lee C (Sr Ex VP & Chief Admin Officer) most recently sold 7,253 shares at $19.05 per share on May 21. This transaction cost the insider $138,150. Sr EVP and CFO, Rosato R David, sold 15,209 shares at a price of $19.47 on May 18. Then, on May 13, Executive Vice President Herron Mark F sold 4,000 shares at a price of $18.96 per share. This transaction amounted to $75,840.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 21.98 and a low of 7.488. PBCT stock has a beta of 1.14. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.49 while the price-to-book (PB) in the most recent quarter is 0.99, with the price to cash flow ratio at 8.84.

People’s United Financial Inc. pays an annual dividend of $0.73 per share. Its dividend yield is 4.13% and the payout ratio is 101.00%. PBCT’s most recent quarterly dividend payment was made on Aug. 15, when it paid $0.1830 a share compared with prior rate of $0.1830, down 0.0% from last year’s. The company has boosted its dividend for the last 28 consecutive years with the latest dividend increase of $0.0030 reported on Thursday April 22 2021. Measured over the last 3 years, the Dividend has been growing by 4.36% yearly.

It is projected that People’s United Financial Inc.’s next ex-dividend date will be on 29-Oct-2021. PBCT is expected to distribute $0.1825 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.13, while the total debt to equity was 0.00 while for the period ending June 29; People’s United Financial Inc.’s operating margin was 90.30%. The firm’s gross profit as reported stood at $1.58 billion against revenue of $1.81 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected PBCT to announce $0.35 per share in earnings in its latest quarter, but it posted $0.41, representing a 17.10% surprise. PBCT stock balance sheet for the quarter ending June 29 shows that, with total debt at $2.33 billion. Shareholders hold equity totaling $427.95 million

Technical Picture

Let’s look briefly at People’s United Financial Inc. (PBCT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 58.41% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.52%.

The stock’s 5-day moving average is $17.83, reflecting a -1.51% or -$0.27 change from its current price. PBCT is currently trading +12.62% above its 20-day SMA, -6.06% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +13.05% and +37.08% respectively.

Stochastic %K and %D was 81.02% and 85.20% and the average true range (ATR) pointed at 0.43. The RSI (14) points at 59.87%, while the 14-day stochastic is at 73.18% with the period’s ATR at 0.44. The stock’s 9-day MACD Oscillator is pointing at -0.01 and 0.17 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for People’s United Financial Inc. (NASDAQ: PBCT), Seaport Global Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for PBCT stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate PBCT as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is PBCT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $16.00 and a high of $20.50, with their median price target at $19.00. Looking at these predictions, the average price target given by analysts is for People’s United Financial Inc. (PBCT) stock is $18.83.

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