This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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 Buy-Rated Bank Stocks With Highest Dividend Yields

Stocks in this article: BAC C NYCB PBCT VLY FMER FNB UBSI TRST PRK UVSP WBCO PVFC CRBC VCBI

10. F.N.B Corp.


Shares of F.N.B. Corp. (FNB) of Hermitage, Pa., closed at $11.36 Thursday, returning 8% this year, following a 2% decline during 2011. The shares trade for 2.3 times tangible book value, according to Thomson Reuters Bank Insight, and for 12.5 times the consensus 2014 earnings estimate of $0.91 a share, according to Thomson Reuters Bank Insight.

Based on a quarterly payout of $0.12, the shares have a dividend yield of 4.23%.

F.N.B. Corp is rated an A-minus (Excellent) by TheStreet Ratings.

The company had $12.0 billion in total assets as of Dec. 31 and earned $110.4 million, or $0.79 a share in 2012, increasing from $87.0 million, or 70 cents a share, in 2011. F.N.B. Corp.'s 2012 operating return on average assets (ROA) was 0.95%, improving from 0.88% the previous year, according to Thomson Reuters Bank Insight.

F.N.B on Feb. 19 announced an agreement to acquire PVF Capital Corp. (PVFC) of Solon, Ohio, in an all-stock deal valued at $106.4 million. PVF is the holding company for Park View Federal Savings Bank, with $782 million in total assets and 16 branches in the Cleveland area. F.N.B. said that the acquisition would be "accretive to tangible book value per share," and would have no effect on the combined company's ratio of tangible common equity to total assets.

F.N.C. Corp. reported a Dec. 31 ratio of tangible equity to tangible assets of 6.09%, and a strong regulatory Tier 1 leverage ratio of 8.29%.

Guggenheim Securities analyst David Darst has a neutral rating on F.N.B. Corp. and said in a report on Feb. 19 after the PVF Capital deal was announced that "initially, the transaction likely will be only modestly accretive to EPS; however, we believe FNB will drive much greater value in one to two years."

"Expansion into Cleveland is a better fit than moving further east at this time and is likely to be an important market for FNB and future growth," Darst wrote, adding that the company already "has several branches in the market and recently hired several commercial lenders in the market."

Darst estimates that F.N.B. Corp. will earn $0.86 a share this year, with EPS rising to $0.90 in 2014.

FNB Chart FNB data by YCharts

Interested in more on F.N.B. Corp.? See TheStreet Ratings' report card for this stock.

2 of 11

Select the service that is right for you!

COMPARE ALL SERVICES
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!

Markets

DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from Bankrate.com

  • 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