(The following story is the last in a two-part series on bank and thrift stocks that outperformed their peers last year and still pay attractive dividends. Three bank stocks were featured yesterday.)
NEW YORK ( TheStreet) -- Bank shares, as measured by the S&P 500 Regional Banks Index, have soared 142% since the stock-market low in early March, leaving companies with skinny dividends.
Following an earlier look at three bank stocks with outsized dividends, published in November, this expanded list features more conservative measures, excluding companies whose dividend payouts exceeded their 2009 net income.
The group was pared further by leaving out current participants in the Troubled Asset Relief Program, or TARP. Thinly traded names were also avoided, as were those with a Texas ratio of more than 20%. (The Texas ratio is nonperforming loans/core capital and loan-loss reserves.)Yesterday's story featured New York Community Bancorp (NYB), United Bankshares (UBSI) and OceanFirst Financial (UCFC).