4 Mid-Cap Financial Services Companies With a Compelling Dividend Yield

These banks grant higher returns than the S&P 500 index

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These mid-cap financial services stocks are beating the S&P 500 index in terms of higher dividend yield. The index is granting a yield of 2.03% as of Jan. 28.

As a result, dividend investors may want to consider the following securities.

Chemical Financial Corp. (CHFC, Financial) was trading around $44.8 on Monday. For the 52 weeks through Jan. 28, the share price declined 23% and the forward dividend yield increased to 3.2%.

Chemical Financial recorded earnings of $1.01 per share for the fourth quarter of 2018 after the closing bell on Monday. The company beat earnings expectations by 3 cents per share. Revenue grew 9.7% year over year to $195.5 million, but missed expectations by about $5.35 million.Â

The stock has a market capitalization of 3.2 billion, a price-earnings ratio of 14.72 versus an industry median of 14.76, a price-book ratio of 1.15 versus an industry median of 1.24 and a price-sales ratio of 4.47 versus an industry median of 3.41.

The share price is below the 200 and 100-day simple moving average lines, but above the 50-day line. It falls within the 52-week range of $34.62 to $59.6.

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Based in Detroit, Chemical Financial is the holding company of Chemical Bank, which provides individuals and businesses with banking, fiduciary products and related services.

GuruFocus assigned a financial strength rating of 4 out of 10 and a profitability and growth rating of 3 out of 10.

The recommendation rating is 2.1 out of 5 and the average target price is $51.69 per share.

Shares of the Bank of Hawaii Corp. (BOH, Financial) were trading around $80.3 on Monday. Following a 5% decrease for the 52 weeks through Jan. 28, the forward dividend yield is 3.23%. The forward dividend yield is based on the quarterly cash dividend of 62 cents per ordinary share. The company will pay the next dividend on March 14 to shareholders of record as of Feb. 28. The ex-dividend date is Feb. 27.

On Monday, shares climbed 4.51% following the release fourth-quarter results. The company missed earnings estimates by 5 cents per share and revenue expectations by nearly $900,000, having issued earnings of $1.3 per share on $166.08 million in revenue. The top line increased 3.4% year over year.

The stock has a market capitalization of about $3.35 billion, a price-earnings ratio of 16.21 versus an industry median of 14.76, a price-book ratio of 2.68 versus an industry median of 1.24 and a price-sales ratio of 5.21 versus an industry median of 3.41.

The share price is below the 200 and 100-day simple moving average lines, but above the 50-day line. The 52-week range is $63.64 to $88.92.

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The Hawaiian holding company owns Bank of Hawaii. The company offers its financial solutions and services to customers located in Hawaii, Guam and other Pacific Islands.

GuruFocus assigned a financial strength rating of 5 out of 10 and a profitability and growth rating of 4 out of 10.

The stock has a hold recommendation rating and an average target price of $77.75 per share.

South State Corp.'s (SSB, Financial) shares were trading around $66.52 on Monday. For the 52 weeks through Jan. 28, the share price decreased 25%, pushing the forward dividend yield up to 2.11%.

The company is paying a dividend of 38 cents per ordinary share on Feb. 22. In order to benefit, shareholders must be on the company's record no later than Feb. 15. The ex-dividend date is Feb. 14.

South State posted earnings of $1.35 per share for the last quarter of 2018 after the market closed on Monday. The company beat earnings estimates by 5 cents. Revenue grew 9% from the prior-year quarter to $162.03 million. The company beat revenue expectations by $1.36 million.

The stock has a market capitalization of $2.43 billion, a price-book ratio of 1.02 versus an industry median of 1.24, a price-sales ratio of 3.73 versus an industry median of 3.41 and a price-earnings ratio of 18.76 versus an industry median of 14.76.

The share price is below the 200 and 100-day simple moving average lines, but above the 50-day line. The 52-week range is $56.55 to $93.25.

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The Columbia, South Carolina company is the holding company of South State Bank. Besides offering a broad range of retail and commercial services, the bank is also a trust company and provides consumer loans and wealth management services.

GuruFocus assigned a financial strength rating of 5 out of 10 and a profitability and growth rating of 4 out of 10.

The recommendation rating is 3 out of 5 and the average target price is $69.5 per share.

Cadence Bancorporation's (CADE, Financial) closing share price was $19.1 on Monday. The forward dividend yield is 3.18% versus an industry median of 2.93%.

The company will pay a quarterly dividend of 17.5 cents per ordinary share on March 15 to shareholders of record as of March 1. The ex-dividend date is Feb. 28.

On Monday, the stock gained 1.5% following the release of fourth-quarter 2018 earnings. Cadence's earnings of 50 cents per share missed estimates by 4 cents. Revenue grew 9.3% from the year-ago quarter to $124.15 million. The company beat revenue expectations by $370,000.

For the 52 weeks through Jan. 28, the stock has tumbled approximately 32%. The market capitalization is $2.54 million, the price-book ratio is 1.13 versus an industry median of 1.24, the price-earnings ratio is 10.93 versus an industry median of 14.76 and the price-sales ratio is 3.43 compared to an industry median of 3.41.

The share price is below the 200 and 100-day simple moving average lines, but above the 50-day line. The 52-week range is $16.13 to $31.44.

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Based in Houston, Cadence is a bank holding company. The bank offers commercial products and services to a wide range of customers.

GuruFocus assigned a financial strength rating of 3 out of 10 and a profitability and growth rating of 2 out of 10.

Disclosure: I have no positions in any securities mentioned in this article.

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