Seeking Alpha

Factoids'  Instablog

Factoids
Send Message
I seek to liberate investors from the chains of borrowed opinions by teaching metric awareness that leads to the formation of your own opinions. I am a retail investor that gathers, processes and analyzes significantly more data than average. I share that data in my articles. I let the data do... More
My blog:
Factoids' Instablog
  • South-East, South-West & Pacific Regional Banks 7-22-14 0 comments
    Jul 23, 2014 9:30 AM
    South-East, South-West & Pacific Regional Banks 07-22-14

    The Q2-14 dividend is used for yield calculations. The LTM change is since Q2-13. The Q1-14 book value is used in the price/book ratios - and the change in book is from Q1-13 to Q1-14. CBSH at times pays dividends in new shares or stock splits of 105 for 100 shares. This results in a shrinking book per share metric. LTM = last twelve months.


      12-31-13CurrentDividendCurrentDiv/EPSPr/BkPercent ChangeLTM % Change
    Company and stock tickerPricePrice/QuarterYieldRatioRatioPricePr+DivEPSTargetDivBookNPAs

    BOK Financial Corporation(NASDAQ:BOKF)66.3264.710.4002.4737.381.44-2.43-1.22-4.04-0.585.262.6217.95
    Bank of Hawaii Corporation(NYSE:BOH)59.1455.990.4503.2149.862.42-5.33-3.801.988.260.001.185.17
    Banc South, Inc.(NYSE:BXS)25.4221.510.0500.9315.041.33-15.38-14.996.409.29400.005.20-48.04
    Cathay General Bancorp(NASDAQ:CATY)26.7325.750.0501.0916.971.38-3.67-3.140.003.23600.005.65-16.79
    Commerce Bancshares(NASDAQ:CBSH)44.9145.130.2251.9932.141.900.491.49-1.0611.090.00-1.12-33.33
    Cullen/Frost Bankers, Inc.(NYSE:CFR)74.4377.590.5002.6349.511.954.255.621.487.506.253.73-42.11
    City National Corporation(NYSE:CYN)79.2272.780.3301.8133.171.57-8.13-7.30-3.866.7432.004.22-27.91
    East West Bancorp, Inc.(NASDAQ:EWBC)34.9734.510.1802.0930.641.89-1.32-0.291.738.2420.0010.57-15.87
    First Horizon National(NYSE:FHN)11.6511.690.0501.7124.391.280.341.203.805.170.00-0.6611.59
    F.N.B. Corporation(NYSE:FNB)12.6212.130.1203.9657.831.13-3.88-1.98-4.604.330.006.16-10.58
    Glacier Bancorp, Inc.(NASDAQ:GBCI)29.7926.780.1602.3941.292.02-10.10-8.490.000.2314.294.17-25.67
    Hancock Holding Comp(NASDAQ:HBHC)36.6833.710.2402.8540.851.13-8.10-6.79-0.847.530.002.57-14.49
    Prosperity Bancshares Inc.(NYSE:PB)63.3961.240.2401.5723.081.43-3.39-2.634.263.4411.6313.69-86.52
    Regions Financial Corp(NYSE:RF)9.8910.100.0301.9823.260.892.123.132.388.83400.005.37-25.65
    Trustmark Corporation(NASDAQ:TRMK)26.8423.110.2303.9853.801.13-13.90-12.18-5.52-6.370.001.09-8.02
    UMB Financial Corp(NASDAQ:UMBF)64.2857.160.2251.5729.321.68-11.08-10.38-3.159.204.656.97-12.50
    Umpqua Holdings Corp(NASDAQ:UMPQ)19.1416.940.1503.5459.411.10-11.49-9.14-7.347.2350.00-0.32-19.40
    WestAmerica Bancorp.(NASDAQ:WABC)56.4648.640.3803.1365.242.36-13.85-12.50-5.670.412.70-0.58-46.51
    Zions Bancorporation(NASDAQ:ZION)29.9629.150.0400.558.990.97-2.70-2.44-3.783.97300.0010.06-30.24

    Average    2.2936.431.53-5.66-4.52-0.945.14 4.24-22.58

    The KBE Bank EFT (dominated by the mega-cap banks) has changed -2.71% year to date - with divs it has changed -2.39%.
    With the 10 Treasury at 2.48% and the sector average yield (on Q2 divs) at 2.29% - the spread is -19 basis points.
    Weeding out banks paying sub ten cent dividends - the average yield would be 2.55% and average price/book would be 1.64.

    Dividend dates are:

    BOKF: 05-29-14BOH: 06-12-14BXS : 06-30-14CATY: 06-07-14CBSH: 06-22-14
    CFR : 06-12-14CYN : 05-20-14EWBC: 05-18-14FHN*: 06-30-14FNB : 06-14-14
    GBCI : 7-16-14HBHC: 06-15-14PB: 06-30-14RF : 06-30-14TRMK: 06-14-14
    UMBF: 06-30-14UMPQ: 07-14-14WABC: 05-15-14ZION: 05-28-14

    Note: FHN's dividend was paid in shares at the equivalent of $0.20/share

    Historical Bank Yield to 10 Year Treasury Spreads for the sector:

    Mar 06: -169June: -153Sept: -170Dec: -143
    Mar 07: -186June: -203Sept: -138Dec: -51
    Mar 08: 32June: -139Sept: 11Dec: 219
    Mar 09: 219June: 54Sept: -110Dec: -171
    Mar 10: -183June: -69Sept: -21Dec: -100
    Mar 11: -90June: -115Sept: 70Dec: 30
    Mar 12: -27June: 47Sept: 55Dec: 38
    Mar 13: 23June: -37Sept: -42Dec: -99
    Mar 14: -66June: -34Sept:Dec:

    Historical Bank Price to Book Ratios for the sector:

    Mar 07: 2.09June: 1.95Sept: 1.83Dec: 1.63
    Mar 08: 1.53June: 1.24Sept: 1.65Dec: 1.45
    Mar 09: 1.03June: 1.01Sept: 1.12Dec: 1.29
    Mar 10: 1.41June: 1.28Sept: 1.22Dec: 1.37
    Mar 11: 1.41June: 1.36Sept: 0.99Dec: 1.18
    Mar 12: 1.35June: 1.29Sept: 1.29Dec: 1.21
    Mar 13: 1.37June: 1.43Sept: 1.54Dec: 1.69
    Mar 14: 1.68June: 1.71Sept:Dec:
    Banks Price/EPS Ratios 07-22

     EPS / Share% EPS GrowthPrice/EPS14 EPS Range
    Co.200920102011201220132014201511-1212-1313-1414-15201320142015HighLowRange

    BOKF2.963.514.175.134.624.284.4823.02-9.94-7.364.6714.0115.1214.444.374.106.31%
    BOH3.003.803.393.673.373.613.878.26-8.177.127.2016.6115.5114.473.803.508.31%
    BXS1.250.270.450.900.981.331.58100.008.8935.7118.8021.9516.1713.611.371.277.52%
    CATY0.100.101.061.281.431.651.7720.7511.7215.387.2718.0115.6114.551.681.623.64%
    CBSH2.072.522.822.902.752.802.982.84-5.171.826.4316.4116.1215.142.852.705.36%
    CFR2.803.443.583.863.784.124.367.82-2.078.995.8320.5318.8317.804.203.965.83%
    CYN0.162.363.213.834.113.984.3519.317.31-3.169.3017.7118.2916.734.153.828.29%
    EWBC0.100.961.601.882.102.352.5317.5011.7011.907.6616.4314.6913.642.392.284.68%
    FHN0.100.100.500.100.060.820.81-80.00-40.001266.67-1.22194.8314.2614.430.770.6514.63%
    FNB0.320.590.700.840.840.830.9220.000.00-1.1910.8414.4414.6113.180.880.7416.87%
    GBCI0.560.610.241.051.311.551.72337.5024.7618.3210.9720.4417.2815.571.601.525.16%
    HBHC2.261.402.022.132.092.352.495.45-1.8812.445.9616.1314.3413.542.452.306.38%
    PB2.412.733.013.233.584.164.387.3110.8416.205.2917.1114.7213.984.254.103.61%
    RF0.100.100.170.740.810.860.90335.299.466.174.6512.4711.7411.220.930.7916.28%
    TRMK1.401.571.591.781.911.711.7211.957.30-10.470.5812.1013.5113.441.781.6010.53%
    UMBF2.202.262.643.043.143.073.5615.153.29-2.2315.9618.2018.6216.063.152.985.54%
    UMPQ0.100.150.660.930.951.011.2940.912.156.3227.7217.8316.7713.131.080.998.91%
    WABC3.173.213.062.932.522.332.37-4.25-13.99-7.541.7219.3020.8820.522.392.323.00%
    ZION0.100.100.851.222.351.781.8543.5392.62-24.263.9312.4016.3815.761.941.6019.10%

    Average       5.7371.108.0826.1515.9714.80

    Note: The percentage range on the estimates is the high minus low divided by the consensus estimate.

Back To Factoids' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.