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Alberto Abaterusso
Alberto Abaterusso
Articles (1556) 

These 3 Banks Offer Impressive Forward Dividend Yields

Elmira Savings Bank Elmira NY tops the list

April 30, 2019 | About:

In terms of higher dividend yield, the following banks are outperforming the S&P 500 index, which had a dividend yield of 1.87% at market close on April 29.

Shares of Elmira Savings Bank Elmira NY (NASDAQ:ESBK) traded around $16.45 on Monday. Following a 16% decline over the 52 weeks through April 29, the forward dividend yield is 5.60% compared to the industry median of 3.16%.

Elmira Savings Bank has paid dividends since 2015. Currently, the company is paying a 23-cent cash quarterly dividend per common share.

The Elmira, New York-based regional bank has a market cap of roughly $57.29 million, a price-earnings ratio of 13.49 versus the industry median of 12.36, a price-book ratio of 1.21 versus the industry median of 1.11 and a price-sales ratio of 2.48 versus the industry median of 3.01. The 14-day relative strength index is 39, suggesting the stock is approaching oversold levels.

The share price is currently below the 200, 100 and 50-day simple moving average lines. The 52-week range is $15.77 to $21.

GuruFocus assigned a rating of 4 out of 10 for the financial strength and of 2 out of 10 for the profitability and growth of the company.

Kentucky First Federal Bancorp (NASDAQ:KFFB) was trading around $7.75 per share on Monday. For the 52 weeks through April 29, the stock declined 11%, pushing the forward dividend yield up to 5.16% compared to the industry median of 3.16%.

Kentucky First Federal Bancorp has paid dividends since 2005. On May 20, the bank will pay, in line with the previous distribution, a 10-cent cash quarterly dividend per common share to shareholders of record April 30.

Based in Hazard, the savings and cooperative bank has a market cap of $65.2 million, a price-earnings ratio of 129.17 versus the industry median of 12.36, a price-book ratio of 0.97 versus the industry median of 1.11 and a price-sales ratio of 6.74 versus the industry median of 3.01. The 14-day relative strength index is 52, indicating the stock is still far from oversold levels.

The share price is below the 200 and 50-day simple moving average lines, though still above the 100-day simple moving average line. The 52-week range is $6.52 to $9.

GuruFocus assigned a financial strength rating of 4 out of 10 and a profitability and growth rating of 2 out of 10.

Shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) were trading around $17.55 on Monday. For the 52 weeks through April 29, the stock decreased 26%, for a forward dividend yield of 4.86% versus the industry median of 3.16%.

Umpqua Holdings Corp. has paid dividends since 1998. Currently, the cash quarterly dividend the company is paying per common share is 21 cents.

The Portland, Oregon-based regional bank has a market cap of $3.87 billion, a price-earnings ratio of 12.45 versus the industry median of 12.36, a price-book ratio of 0.94 versus the industry median of 1.11 and a price-sales ratio of 3.2 versus the industry median of 3.01.

The 14-day relative strength index is 54, suggesting the stock is neither oversold nor overbought.

Shares are currently trading slightly above the 100 and 50-day simple moving average lines, and significantly below the 200-day simple moving average line. The 52-week range is $15.09 to $24.89.

GuruFocus rated the company's financial strength 4 out of 10 and its profitability and growth 3 out of 10.

Wall Street issued an overweight recommendation rating for shares of Umpqua Holdings Corp. with an average target price per share of $19.54.

Disclosure: I have no positions in any security mentioned.

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About the author:

Alberto Abaterusso
If somebody asks what being a value investor means, Alberto Abaterusso would answer, “The value investor is not just the possessor of the security that represents the company, but he is the owner of that company. As an owner of the company the value investor is actively involved in the dynamics of that company and his first concern is how to have sales progressively growing. Also, the value investor is probably one of the most demanding persons in the world concerning sales.”

Abaterusso is a freelance writer based in The Netherlands. He primarily writes about gold, silver and precious metals mining stocks. His articles have also been widely linked by popular sites, including MarketWatch, Financial Times, 24hGold, Investopedia, Financial.org, CNBS, MSN Money, Zachs, Reuters and others. Alberto holds an MBA from Università degli Studi di Bari (Italy), Aldo Moro.

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