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 (ESBK, Financial) 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 (KFFB, Financial) 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. (UMPQ, Financial) 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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