Regional bank stocks are having an underwhelming year, but investors who are on the hunt for good dividend payers might find a few gems, according to Piper Sandler.
"Given the recent pullback in bank stock prices, we are finding lots of regional and community bank stocks that have eye-catching dividend yields," wrote Mark Fitzgibbon, managing director at Piper Sandler, in a Thursday report.
There is more to picking solid dividend stocks than just going by the yield.
Piper Sandler further whittled down the list by eliminating companies that had cut their dividends over the past decade.
Piper Sandler called out Heritage Commerce of San Jose, California, as a bank worth snapping up.
Persons:
Piper Sandler, Mark Fitzgibbon, Fitzgibbon, Andrew Liesch, Matthew Clark, Clark
Organizations:
Regional Banking, Brookline Bancorp, Heritage Commerce, Pacific Premier Bancorp
Locations:
Boston, Brookline, San Jose , California, Irvine , California