5 Best Bank Dividend Stocks

3. Wells Fargo & Company (NYSE: WFC)

Number of Hedge Fund Holders: 96
Dividend Yield: 1.8%

Wells Fargo & Company (NYSE: WFC) offers a diversified range of banking, investment, and mortgage products and services alongside consumer and commercial finance. It has roughly $1.9 trillion in assets and ranks 3rd on our list of the best bank dividend stocks.

Barclays’ Jason Goldberg has an Equal Weight rating on Wells Fargo & Company (NYSE: WFC) shares and has also raised his price target on the stock from $46 to $50 this July, citing the company’s Q2 earnings beat for the development.

In the second quarter of 2021, Wells Fargo & Company (NYSE: WFC) had an EPS of $1.37, beating estimates by $0.44. The company’s revenue was $20.27 billion, up 13.65% year over year and also beating estimates by $2.54 billion. Wells Fargo & Company (NYSE: WFC) has also gained 42.1% in the past 6 months and 50.13% year to date.

By the end of the first quarter of 2021, 96 hedge funds out of the 866 tracked by Insider Monkey held stakes in Wells Fargo & Company (NYSE: WFC) worth roughly $7.45 billion. This is compared to 99 hedge funds in the previous quarter with a total stake value of approximately $8.74 billion.