This Day On The Street
Continue to site
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

10 More Bank Stocks With Solid Dividends

NEW YORK ( TheStreet) -- A fresh analysis of publicly-traded U.S. bank and thrift holding companies by TheStreet highlights another 10 bank stocks with attractive dividend yields.

An earlier feature on Six Bank Stocks with Solid Dividends was limited to selected names with higher trading volume.

The market has pulled back since that piece was published on May 19, and it seems those names are even more attractive now. Shares of the highly efficient and conservative Hudson City Bancorp (HCBK) closed at $12.68 Thursday, with shares yielding 4.73%. Peoples United Financial (PBCT - Get Report) saw its yield increase to 4.47%, as shares pulled back to close at $13.87 Thursday, and First Niagara Financial (FNFG - Get Report) also pulled back, to $12.84, with shares now yielding 4.37%.

To come up with this new list of ten more solid bank and thrift stocks with attractive dividend yields, we again started with first-quarter regulatory data and market data from Thursday's close provided by SNL Financial, paring down the list using the following criteria:
  • Bank and thrift holding companies publicly-traded in the U.S., excluding the PinkSheets.

  • Dividend yield greater than 4% as of Friday's close.

  • Price-to-tangible-book ratio below 2.

  • Texas ratio below 20%.
  • The Texas ratio is a bank's nonperforming loans -- including those in nonaccrual status and loans past due 90 days or more -- divided by core capital and loan loss reserves.

    Excluding names trading above two times tangible book value helps narrow down the list to stocks that may still be undervalued in the wake of the banking crisis, but the approach leaves out some stellar names, including New York Community Bancorp (NYB). This company's shares returned 11% year-to-date through Thursday and were yielding a fat 6.39% on a 25 cent quarterly payout. New York Community was recently featured in TheStreet's Best In Class series.

    We took a further conservative step this time, excluding companies that paid out more in dividends than they earned over the year ended March 31.
    1 of 3

    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
    Only $9.95
    14-Days Free
    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
    Real Money

    More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

    Product Features:
    • Access to Jim Cramer's daily blog
    • Intraday commentary and news
    • Real-time trading forums
    Only $49.95
    14-Days Free
    14-Days Free
    HCBK $0.00 0.00%
    CCNE $17.61 -2.40%
    CHCO $48.71 -1.00%
    FNFG $10.42 -1.30%
    PBCT $15.29 -1.70%


    Chart of I:DJI
    DOW 17,750.91 -140.25 -0.78%
    S&P 500 2,063.37 -18.06 -0.87%
    NASDAQ 4,763.2240 -54.37 -1.13%

    Free Reports

    Top Rated Stocks Top Rated Funds Top Rated ETFs