8. Dime Community Bancshares
Dime Community Bancshares (DCOM) of Brooklyn, N.Y., closed at $12.60 Friday, declining 10% during 2011. Based on a quarterly payout of 14 cents, the shares have a dividend yield 4.44%.
The company's third-quarter efficiency ratio was 41.16, according to SNL Financial.Dime was included among TheStreet's 10 New York Bank Stocks With Most Upside for 2012, based on analysts' price targets. Another feather in the company's cap is that its generous dividend payout is very well supported by earnings, as the payout ratio has been below 50% over the past year. Third-quarter earnings were $11.2 million, or 33 cents a share, declining from $11.4 million, or 34 cents, a year earlier. The third-quarter ROA was 1.10%, according to SNL. Sterne Agee analyst Matthew Kelley has a neutral rating on the shares and estimates that Dime will earn $1.32 a share in 2012, with a slight earnings decline, as "the net interest margin