In this article, we will look at 5 bank dividend stocks with over 4% yield. If you wish to read our detailed analysis of these stocks, you can go directly to 10 Bank Dividend Stocks with Over 4% Yield.
5. United Security Bancshares (NASDAQ:UBFO)
Number of Hedge Fund Holders: 6
Dividend Yield as of March 9: 5.41%
United Security Bancshares (NASDAQ:UBFO) operates as a bank holding company for the United Security Bank. The company provides a range of commercial banking services to the business and professional community, as well as to individuals in California. As of March 9, 2022, the stock has a forward yield of 5.41%.
United Security Bancshares (NASDAQ:UBFO) was a part of 6 hedge fund portfolios by the end of the fourth quarter of 2021. The total stakes of these hedge funds in the company were in excess of $12.48 million, up from $6.73 million in the previous quarter with 4 positions. Based on these numbers, we can see that the hedge fund sentiment for the stock is positive.
As of February 23, 2022, Rhino Investment Partners is the top hedge fund having the most stakes in United Security Bancshares (NASDAQ:UBFO) based on SEC 13F filings. According to our data, the fund’s stake in the company amounted to $3.51 million which accounts for 1.66% of the Rhino Investment Partners’ Q4 2021 investment portfolio.
4. Northwest Bancshares, Inc. (NASDAQ:NWBI)
Number of Hedge Fund Holders: 13
Dividend Yield as of March 9: 5.84%
On January 24, 2022, Northwest Bancshares, Inc. (NASDAQ:NWBI) announced that its board of directors declared a quarterly cash dividend of $0.20 per share. The stock’s forward yield at the time was 5.6%, which, as of March 9, 2022, is up to 5.84%.
This January, Northwest Bancshares, Inc. (NASDAQ:NWBI) released earnings for the fiscal fourth quarter of 2021, for which the company beat on EPS by $0.04. The company reported earnings per share of $0.26 and generated revenues that amounted to $123.7 million. Moreover, the stock has gone up by 9.26% over the past six months.
At the close of the fourth quarter of 2021, Insider Monkey identified 13 hedge funds that held stakes in Northwest Bancshares, Inc. (NASDAQ:NWBI) which were worth approximately $11.96 million. Of these hedge funds, Two Sigma Advisors had the highest stakes in the company, worth $3.17 million.
3. New York Community Bancorp, Inc. (NYSE:NYCB)
Number of Hedge Fund Holders: 30
Dividend Yield as of March 9: 6.08%
New York Community Bancorp, Inc. (NYSE:NYCB) is one of the largest banks in the United States. 30 hedge funds held stakes in the company at the end of the fourth quarter of 2021, up from 27 hedge funds in the third quarter of 2021. The stakes were valued at $455.82 million.
On January 26, 2022, New York Community Bancorp, Inc. (NYSE:NYCB) declared a quarterly cash dividend of $0.17 per share. The company also reported earnings for Q4 2021 this January. New York Community Bancorp, Inc. (NYSE:NYCB) reported earnings per share of $0.31 and generated revenues amounting to $338 million, up 4.7% year over year. Moreover, the stock has a forward yield of 6.08% and a PE ratio of 8.02 as of March 9, 2022.
As of March 7, 2022, Schonfeld Strategic Advisors owns the most shares of New York Community Bancorp, Inc. (NYSE:NYCB), making the fund the leading stakeholder in the company. The fund’s stake in the company was valued at $72.07 million, which accounts for 0.65% of its 13F portfolio.
2. Banco Santander (Brasil) S.A. (NYSE:BSBR)
Number of Hedge Fund Holders: 6
Dividend Yield as of March 9: 6.32%
Banco Santander (Brasil) S.A. (NYSE:BSBR) provides banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through two segments, Commercial Banking and Global Wholesale Banking. As of March 9, 2022, the stock has a forward yield of 6.32% and has gained 18.60% year to date.
This January, Goldman Sachs analyst Tito Labarta upgraded Banco Santander (Brasil) S.A. (NYSE:BSBR) to Neutral from Sell and maintained a $6 price target.
Out of 924 elite hedge funds being tracked at Insider Monkey, 6 held stakes in Banco Santander (Brasil) S.A. (NYSE:BSBR) by the end of the fourth quarter of 2021. The total value of these stakes was in excess of $7.35 million. Ken Griffin’s Citadel Investment Group was the leading stakeholder in the company, having stakes worth $4.56 million as of February 23, 2022.
1. TFS Financial Corporation (NASDAQ:TFSL)
Number of Hedge Fund Holders: 13
Dividend Yield as of March 9: 6.84%
TFS Financial Corporation (NASDAQ:TFSL) provides retail consumer banking services in the United States. As of March 9, 2022, the stock has a forward yield of 6.84% and a forward price-to-earnings ratio of 71.78. The company has been increasing dividends for the past seven years consistently and has a 5-year dividend growth rate of 18.87%, along with an annual payout ratio of 432.69%.
On February 25, 2022, TFS Financial Corporation (NASDAQ:TFSL) announced that its board of directors have declared a quarterly cash dividend of $0.2825 per share, in line with previous. The stock’s forward yield at the time of the announcement was 6.55%. The dividend is payable on March 22, 2022, to shareholders of record on March 8, 2022.
This January, TFS Financial Corporation (NASDAQ:TFSL) announced earnings for the fiscal first quarter of 2021. According to data released by TFS Financial Corporation (NASDAQ:TFSL), the company’s earnings per share for the quarter were $0.06 and the company generated $57.84 million in quarterly revenues.
At the close of the fourth quarter of 2021, 13 hedge funds had TFS Financial Corporation (NASDAQ:TFSL) among their 13 holdings, up from 9 positions in the third quarter of 2021. The total stakes of these funds in TFS Financial Corporation (NASDAQ:TFSL) exceeded $125.68 million.
Jim Simons’ Renaissance Technologies was the top hedge fund, by value, that held stakes in TFS Financial Corporation (NASDAQ:TFSL). According to Insider Monkey’s data, as of February 25, 2022, the fund’s stake in the company was a whopping $88.56 million. The investment covers 0.11% of Renaissance Technologies Q4 2021 13F portfolio.
You can also take a look at 10 Best Dividend Stocks for Long Term and 10 Best Dividend Stocks to Buy According to Billionaire Howard Marks.
