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People's United Financial Inc. Message Board

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  • not_totally_gray not_totally_gray Aug 6, 2012 4:30 PM Flag

    Management Performance

    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.

15.87+0.06(+0.38%)Aug 26 4:00 PMEDT