This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Three Bank Stocks With Outsized Dividends

Another worry is that the nonperforming-assets ratio increased to 1.45% from 1.04%. Then again, with nearly three-quarters of the loan portfolio secured by apartment buildings with mainly rent-controlled or rent-stabilized dwellings with below-market rents, actual loan losses have been minimal. The low-risk loan collateral, along with relatively small average loan-to-value ratios of 61% on multifamily mortgages and 54% on commercial real-estate loans, have enabled the company to avoid large loan losses.

The annualized ratio of net charge-offs to average loans was a tiny 0.03% for the third quarter, and has remained below 0.05% this year.

A bright spot for New York Community in the third quarter was a net interest margin (the difference between the average yield on loans and investments and the average cost of deposits and borrowings) of 3.17%, up from 3.06% in the previous quarter and 2.68% a year earlier.

The improved margin helped the company increase its return on average assets to a respectable 1.39% for the third quarter, up from 1.10% in the second quarter and 1.22% a year earlier.

New York Community's shares have fallen 12% this year, trading near the low end of a 52-week range of $8 to $15. They're at 9.5 times earnings, 0.7 times book value and 2.1 times tangible book value. The stock is up 24% over one year.

United Bankshares

United Bankshares of Charleston, W. Va., pays a 29-cent quarterly dividend, or a yield of 6.8%.

Most Commented Today Most Popular Today
Avoid Sirius XM Motorola's "Troubling" Droid Sales

2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BAC $15.31 0.00%
CFFN $12.44 0.00%
C $51.00 0.00%
JPM $59.55 0.00%
UBSI $37.09 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs