With the economy ever so gradually coming alive, this is a very attractive time for those wanting to plan for their financial future. One of the best tactics is when it comes to investing is seeking out a fundamentally sound company with an underlying dividend. This may sound old fashion, but it is one of the oldest, simplest investment strategies that has proven to work.
While the market has recently made some nice moves on the upside, there are still some underperforming regional banks worth buying and at very attractive levels. When looking to invest in a bank it is important to look for a healthy balance sheet, stable asset quality, well capitalized and a good management team. A healthy dividend can make the investment all more attractive.
REGIONAL BANKS STILL WORTH BUYING
VALLEY NATIONAL BANCORP (NYSE:VLY) Yield 5.3%
COMMUNITY BANK SYSTEM INC. (NYSE:CBU) Yield 3.70%
TRUSTMARK CORPORATION COMMON STOCK (NASDAQ:TRMK) Yield 3.80%
PEOPLE'S UNITED FINANCIAL, INC. COMMON STOCK (NASDAQ:PBCT) Yield 5.9%
While the above listed are not your high flying big named banks with well recognized CEO's, these banks are all well managed and have stood the test of time. Year after year, quarter after quarter these banks have provided solid earnings, solid dividends and good old fashioned banking. You can sleep at night owning these banks.