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TheStreet Open House

10 Bank Plays for the Manufacturing Recovery: KBW

First Financial Bancorp (FFBC) of Cincinnati had $6.5 billion in total assets as of Dec. 31, and its 2012 ROA was 1.07%. The stock closed at $15.65 Friday, trading for 1.5 times tangible book value, and for 14.1 times the consensus 2014 EPS estimate of $1.11. Based on a quarterly payout of $0.15, the shares have a dividend yield of 3.83%.

Peoples Bancorp (PEBO) of Marietta, Ohio, had $30.3 billion in assets as of Dec. 31. The bank's ROA during 2012 was 0.97%. The shares closed at $21.96 Friday, trading for 1.5 times tangible book value, and for 11.9 times the consensus 2014 EPS estimate of $1.84. With a quarterly dividend of $0.12, the shares have a yield of 2.19%.

SVB Financial Group (SIVB) of Santa Clara, Calif. had $22.8 billion in total assets as of Dec. 31, and its ROA during 2012 was 0.82%. SVB's stock closed at $68.65 Friday, trading for 1.2 times tangible book value, and for 17.3 times the consensus 2014 EPS estimate of $3.98.

Heritage Commerce Corp. (HTBK) of San Jose, Calif., had $1.7 billion in total assets as of Dec. 31. The company's 2012 ROA was 0.72%. The company's shares closed at $6.98 Friday, trading for 1.2 times tangible book value, and for 20.5 times the consensus 2014 EPS estimate of $0.34.

Bridge Capital Holdings (BBNK) of San Jose, Calif. The bank's stock closed at $15.33 Friday, trading for 1.6 times tangible book value, and for 14.3 times the consensus 2014 EPS estimate of $1.07.

-- Written by Philip van Doorn in Jupiter, Fla.

To contact the writer, click here: Philip van Doorn.

To follow the writer on Twitter, go to http://twitter.com/PhilipvanDoorn.

Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.
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