Wall Street's Most Accurate Analysts' Views On 3 Financial Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their views on three high-dividend-yielding financial stocks: Valley National Bancorp (VLY), Heritage Commerce Corp (HTBK), and Gladstone Investment Corporation (GAIN). Despite their high yields, recent quarterly results for all three companies were weaker than expected, leading to mixed analyst ratings and price target adjustments.
May 24, 2024 | 12:22 pm
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POSITIVE IMPACT
Heritage Commerce Corp (HTBK) offers a 6.38% dividend yield. Analysts from Piper Sandler and Raymond James have given Overweight and Outperform ratings, with price targets of $10 and $11 respectively. Recent quarterly results were weak.
Despite weak quarterly results, the Overweight and Outperform ratings suggest a positive outlook. The stock may see a slight uptick in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
Gladstone Investment Corporation (GAIN) has a 7.00% dividend yield. Analysts from B. Riley Securities and Ladenburg Thalmann have given Neutral ratings, with a price target of $14. Recent quarterly earnings were weaker than expected.
The Neutral ratings and weaker-than-expected earnings suggest that the stock price is likely to remain stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Valley National Bancorp (VLY) has a dividend yield of 5.99%. Analysts from Wedbush and JP Morgan have maintained Neutral ratings, with price targets of $8 and $9 respectively. Recent quarterly results were downbeat.
Both analysts have maintained Neutral ratings, indicating no strong buy or sell signals. The recent downbeat quarterly results may keep the stock price stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100