This Day On The Street
Continue to site
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

10 Bank Plays for the Manufacturing Recovery: KBW

KBW has "market perform" ratings on most of these stocks. Then again, these ratings are based on a 12-month investment outlook, which is not really a "long-term" horizon, when playing an economic recovery. Most of these banks are all in good shape, and most saw decent or better earnings performance during 2012.

FirstMerit (FMER - Get Report) of Akron, Ohio, had $14.9 billion in total assets as of Dec. 31, with a 2012 return on average assets (ROA) of 0.91%, according to Thomson Reuters Bank Insight. The stock closed at $15.45 Friday, trading for 1.4 times tangible book value, and 10.8 times the consensus 2014 earnings estimate of $1.43 a share, among analysts polled by Thomson Reuters. Based on a quarterly payout of $0.16, the shares have a dividend yield of 4.14%. Please see TheStreet's 10 Buy-Rated Bank Stocks With Highest Dividend Yields, for much more information on FirstMerit.

Old National Bancorp (ONB - Get Report) of Evansville, Ind., had $9.5 billion in total assets as of Dec. 31, and its 2012 ROA was 1.04%. The company's stock closed at $13.95 Friday, trading for 1.7 times tangible book value, and for 12.4 times the consensus 2014 EPS estimate of $1.13. With a quarterly payout of $0.10, the shares have a dividend yield of 2.87%. Please see TheStreet's Midwest Banks vs. Northeast Banks for more on Old National Bancorp.

Associated Banc-Corp (ASBC) of Green Bay, Wis., had had $22.5 billion in assets as of Dec. 31, and its ROA during 2012 was 0.81%. The stock closed at $14.74 Friday, trading for 1.3 times tangible book value, and for 13.7 times the consensus 2014 EPS estimate of $1.08. Based on a quarterly payout of $0.08, the shares have a dividend yield of 2.17%.

Lakeland Financial (LKFN) of Warsaw, Ind., had $3.1 billion in total assets as of Dec. 31, and its 2012 ROA was 1.19%. The shares closed at $25.64 Friday, trading for 1.4 times tangible book value, and for 11.4 times the consensus 2014 EPS estimate of $2.26. With a quarterly payout of 17 cents, the shares have a divided yield of 2.65%. Check out Midwest Banks vs. Northeast Banks for more on Lakeland Financial.

PrivateBancorp (PVTB - Get Report) of Chicago had $14.1 billion in total assets as of Dec. 31. The company's 2012 ROA was 0.60%. The shares closed at $18.39 Friday, trading for 1.3 times tangible book value, and for 13.4 times the consensus 2014 EPS estimate of $1.37. Check out TheStreet's recent discussion on bank consolidation for more on Chicago's highly competitive market.

2 of 3

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
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!
SYM TRADE IT LAST %CHG
ASBC $17.27 2.19%
FMER $18.97 0.00%
ONB $14.26 0.00%
PVTB $36.48 0.00%
SIVB $128.76 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs