This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 More Bank Stocks With Solid Dividends

Stocks in this article: HCBK PBCT FNFG NYB TRST CHCO CCNE

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) saw its yield increase to 4.47%, as shares pulled back to close at $13.87 Thursday, and First Niagara Financial (FNFG) 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

    Select the service that is right for you!

    Action Alerts PLUS
    Try it NOW

    Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

    Product Features:
    • $2.5+ million portfolio
    • Large-cap and dividend focus
    • Intraday trade alerts from Cramer
    • Weekly roundups
    TheStreet Quant Ratings
    Try it NOW
    Only $49.95/yr

    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
    • Upgrade/downgrade alerts
    Stocks Under $10
    Try it NOW

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

    Product Features:
    • Model portfolio
    • Stocks trading below $10
    • Intraday trade alerts
    • Weekly roundups
    Dividend Stock Advisor
    Try it NOW

    Jim Cramer's protege, 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
    • Alerts when market news affect the portfolio
    • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
    Real Money Pro
    Try it NOW

    All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

    Product Features:
    • Real Money + Doug Kass Plus 15 more Wall Street Pros
    • Intraday commentary & news
    • Ultra-actionable trading ideas
    Options Profits
    Try it NOW

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

    Product Features:
    • 100+ monthly options trading ideas
    • Actionable options commentary & news
    • Real-time trading community
    • Options TV
    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!


    DOW 17,804.80 +26.65 0.15%
    S&P 500 2,070.65 +9.42 0.46%
    NASDAQ 4,765.38 +16.9840 0.36%

    Brokerage Partners

    Rates from

    • Mortgage
    • Credit Cards
    • Auto

    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