Shares of Comerica (CMA - Get Report) of Dallas closed at $29.99 Monday, returning 18% year-to-date, following a 38% decline during 2011.
The shares trade for0.9 times tangible book value, and for 11 times the consensus 2013 EPS estimate of $2.63.
Comerica's ROA has ranged between 0.67% and 0.93% over the past five quarters, according to Thomson Reuters Bank Insight.
Based on a quarterly payout of 15 cents, the shares have a dividend yield of 2.00%. Comerica's board in March authorized up to $375 million in common stock repurchases through the first quarter of 2013. The company bought back about $215.5 million in shares during the first three quarters of 2012.O'Connor expects Comerica's combined payout ratio during 2013 to be 101%, with dividends increasing to $137 million from $106 million in 2012, and common share buybacks increasing to $328 million from $293 million. The analyst expects Comerica's 2013 dividend yield to increase to 2.5%. CMA data by YCharts
Interested in more on Comerica? See TheStreet Ratings' report card for this stock.
Email. Follow @PhilipvanDoorn
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts