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 Liquid Bank Stocks With Highest Dividend Yields

9. Chemical Financial

Shares of Chemical Financial (CHFC) of Midland, Mich., closed at $18.31 Friday, declining 19% over the previous year. Based on a quarterly payout of 20 cents, the shares have a dividend yield of 4.37%.

The company had $5.3 billion in total assets as of March 31, with over 140 branches in the Lower Peninsula of Michigan.

Chemical on April 30 acquired O.A.K. Financial for $83.7 million in stock, bringing on $820 million in total assets and 14 branches in Ottawa, Allegan and Kent counties in west Michigan.

First-quarter net income was $9.2 million, or 33 cents a share, increasing from $2.3 million, or 10 cents a share, a year earlier. The first-quarter provision for loan losses declined to $7.5 million, from $14 million during the first quarter of 2010.

The first-quarter ROA was 0.69% and the dividend payout ratio was 61%. This was the best ROA and lowest payout ratio over the past year.

KBW analyst Christopher McGratty reiterated his "market perform" or "hold" rating for Chemical Financial on April 18 after the earnings announcement, with a target price of $21, saying that the first-quarter results were "solid," and that the company was "well positioned to deploy its excess capital position through acquisitions over the intermediate term."

The consensus among analysts is for the company to earn $1.35 a share for 2011. The shares trade for 12 times the consensus 2012 earnings estimate of $1.56 a share.

All three analysts covering Chemical Financial have neutral ratings on the shares.
3 of 11

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
FNB $12.08 -0.08%
FNFG $9.32 0.11%
PBCT $14.54 1.25%
UBSI $34.32 0.23%
TRST $5.54 0.00%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs