Wall Street’s Most Accurate Analysts Give Their Take On 3 Financial Stocks With Over 7% Dividend Yields – Columbia Banking System (NASDAQ:COLB)

By DailyBubble On Jun 11, 2024 30 0

In times of market turbulence and uncertainty, investors often turn to dividend-yielding stocks, especially those with high free cash flows that reward shareholders with generous dividend payouts.

For those interested in the latest analyst opinions on high-yielding stocks, Benzinga offers a platform to review analyst ratings and accuracy. Here are the ratings from some of the most accurate analysts for three financial sector stocks:

1. Columbia Banking System, Inc. (COLB)
– Dividend Yield: 7.68%
– Piper Sandler analyst Matthew Clark reiterated an Overweight rating with a price target of $27 on June 5, boasting a 66% accuracy rate.
– Barclays analyst Jared Shaw maintained an Equal-Weight rating and raised the price target from $20 to $21 on April 26, with a 61% accuracy rate.
– Recent News: On May 13, Columbia Banking System announced a dividend of 36 cents per common share.

2. OneMain Holdings, Inc. (OMF)
– Dividend Yield: 8.48%
– BMO Capital analyst James Fotheringham maintained a Market Perform rating and increased the price target from $48 to $50 on May 2, with a 73% accuracy rate.
– JP Morgan analyst Richard Shane maintained an Overweight rating and raised the price target from $51 to $52 on May 1, boasting a 67% accuracy rate.
– Recent News: On April 30, OneMain Holdings posted better-than-expected quarterly earnings.

3. Capital Southwest Corporation (CSWC)
– Dividend Yield: 9.62%
– JMP Securities analyst Devin Ryan downgraded the stock from Market Outperform to Market Perform on May 15, with an 80% accuracy rate.
– Raymond James analyst Robert Dodd maintained an Outperform rating and raised the price target from $24 to $26.5 on Jan. 31, with a 67% accuracy rate.
– Recent News: On May 14, Capital Southwest posted better-than-expected fourth-quarter results.

These stocks offer attractive dividend yields in the financial sector, with accurate analyst ratings to guide your investment decisions.