In this piece, we will take a look at the top 5 dividend stocks to buy according to Phil Stone’s Fourthstone LLC. For more details on dividend yields and Mr. Stone’s investment firm, head on over to 10 Dividend Stocks to Buy According to Phil Stone’s Fourthstone LLC.
5. Timberland Bancorp, Inc. (NASDAQ:TSBK)
Dividend Yield: 3.04%
Number of Hedge Fund Holders: 9
Timberland Bancorp, Inc. (NASDAQ:TSBK) is a Washington-based holding company for the Timberland Bank that provides banking services in the state. These services include accounts, deposit certificates, and loans. Fourthstone LLC owned 70,723 Timberland Bancorp, Inc. (NASDAQ:TSBK) shares during the third quarter of this year. These were worth $2 million and 0.81% of its portfolio.
The holding company brought in $17.4 million in revenue and $0.83 in GAAP EPS for its Q3. Timberland Bancorp, Inc. (NASDAQ:TSBK)’s dividend yield is 3.04%. During Q3 2021, 9 of the 867 hedge funds polled by Insider Monkey held stakes in the company. Timberland Bancorp, Inc. (NASDAQ:TSBK)’s largest investor is Chuck Royce’s Royce & Associates which owns 586,769 shares worth $16.9 million.
4. Virginia National Bankshares Corporation (NASDAQ:VABK)
Dividend Yield: 3.48%
Number of Hedge Fund Holders: 4
Virginia National Bankshares Corporation (NASDAQ:VABK) is a holding company for the Virginia National Bank. The bank provides commercial loans, deposit certificates, residential mortgage loans, and student loans among others.
The latest dividend yield for Virginia National Bankshares Corporation (NASDAQ:VABK) is 3.48%. Mr. Stone’s investment firm held 60,332 shares in the company as of Q3 of this year. These were worth $2 million and represented 0.86% of its portfolio.
4 of the 867 hedge funds owned the company’s shares in Q3 2021 according to an Insider Monkey poll. Virginia National Bankshares Corporation (NASDAQ:VABK) brought in $16 million in revenue and $0.89 in non-GAAP EPS for its Q2.
3. ACNB Corporation (NASDAQ:ACNB)
Dividend Yield: 3.58%
Number of Hedge Fund Holders: 4
ACNB Corporation (NASDAQ:ACNB) is a financial holding company with a diverse customer base that involves private individuals, governments, and businesses. It provides loans, working capital and receivable financing, and mortgages among its services.
ACNB Corporation (NASDAQ:ACNB) earned $23.27 million in revenue and $0.84 in GAAP EPS for its Q3. As Q3 2021 came to an end, 4 of the 867 hedge funds polled by Insider Monkey had held the company’s stock.
ACNB Corporation (NASDAQ:ACNB) dividend yield stood at 3.58% as of its latest quarter. Fourthstone LLC owned 138,613 ACNB Corporation (NASDAQ:ACNB) shares worth $3.8 million and constituting 1.54% of its portfolio as of Q3 2021.
ACNB Corporation (NASDAQ:ACNB)’s largest investor after Mr. Stone’s investment firm is Israel Englander’s Millennium Management who holds 74,225 shares worth $2 million.
2. CB Financial Services, Inc. (NASDAQ:CBFV)
Dividend Yield: 4.06%
Number of Hedge Fund Holders: 44
CB Financial Services, Inc. (NASDAQ:CBFV) is the holding company for The Community Bank, which is a bank headquartered in Pennsylvania. The Community Bank provides several kinds of accounts and loans.
CB Financial Services, Inc. (NASDAQ:CBFV) had a dividend yield of 4.06% as of its third quarter. Mr. Stone’s Fourthstone LLC owned 92,500 shares of the company that was worth $2 million and represented 0.86% of its portfolio by Q3 2021 end.
CB Financial Services, Inc. (NASDAQ:CBFV) earned $12 million in revenue and $0.36 in non-GAAP EPS for its Q3, missing analyst estimates on both counts. DA Davidson reduced the First Business CB Financial Services, Inc. (NASDAQ:CBFV)’s price target to $20 from $25 in January 2021, sharing that the recession was harming the company.
After Fourthstone LLC, Jim Simons’s Renaissance Technologies is CB Financial Services, Inc. (NASDAQ:CBFV)’s the largest shareholder. It owns 85,304 shares worth $2 million. Out of the 867 hedge funds polled by Insider Monkey for the third quarter of this year, 4 had holdings in the company.
1. Ames National Corporation (NASDAQ:ATLO)
Dividend Yield: 4.24%
Number of Hedge Fund Holders: 9
Ames National Corporation (NASDAQ:ATLO) is a holding company for several banks that serve customers in the American state of Iowa. It provides several types of loans, accounts, deposit certificates, automated teller machines alongside wealth management and custodial services.
Ames National Corporation (NASDAQ:ATLO) has a dividend yield of 4.24%. It brought in $6.7 million in net income and $0.74 in GAAP EPS for its third fiscal quarter.
9 of the 867 hedge funds polled by Insider Monkey had holdings in the company during Q3 2021. Fourthstone LLC owned 58,296 Ames National Corporation (NASDAQ:ATLO) shares by Q3 2021 end. These were worth $1 million and represented 0.53% of its portfolio.
Ames National Corporation (NASDAQ:ATLO)’s the largest investor is Alexander Medina Seaver’s Stadium Capital Management. It owns 422,650 shares worth $9.8 million.
You can also take a peek at the 10 Best Biotech Stocks To Buy For 2021 and 10 Most Profitable Cash-Only Businesses To Avoid Taxes.
