On May 17, we issued an updated research report on People's United Financial PBCT. The company has witnessed solid organic growth over the last few years. Further, its involvement in capital deployment activities continues to enhance shareholders’ value. However, consistently rising expenses and significant exposure to commercial loans remain major concerns.
Nevertheless, opportunistic acquisitions, improvement in asset quality and strong loans and deposits balances have aided the stock’s rally of 12.1% in the past year compared with 11.4% growth recorded by the industry.