% | $
Quotes you view appear here for quick access.

People's United Financial Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • cololamahahual cololamahahual Aug 6, 2012 2:39 PM Flag

    Management Performance

    I am surprised that the 5% institutional holders have not put more pressure on management.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • it doesn't help that 5 years ago this stock was ridiculously overvalued. It's always traded for higher than it ought to have because they've always had an artificially high dividend--first when it was a MHC because the holding company waived its share, and later because it paid out the div from excess capital. A couple years ago PBCT was trading at PE of 30 while other banks were below 10. Now that the dividend is actually covered by earnings it's beginning to approach a reasonable PE, let's see where the stock price goes from here.

15.88+0.16(+1.02%)Oct 7 4:00 PMEDT