Wall Street’s Most Accurate Analysts Spotlight On 3 Financial Stocks With Over 5% Dividend Yields
In times of market turbulence, many investors seek out dividend-yielding stocks as a safe haven. These stocks typically belong to companies with strong free cash flows that reward shareholders with generous dividend payouts.
For those interested in the latest analyst opinions on their favorite stocks, Benzinga offers an Analyst Stock Ratings page where traders can access a wealth of information, including analyst accuracy ratings.
Here are the ratings from the most accurate analysts for three high-yielding stocks in the financial sector:
1. **Hanmi Financial Corporation (NASDAQ:HAFC)**
– **Dividend Yield:** 5.76%
– **Wedbush Analyst:** David Chiaverini maintained a Neutral rating with a price target of $17 on April 24, boasting an accuracy rate of 61%.
– **Piper Sandler Analyst:** Matthew Clark also held a Neutral rating but lowered the price target from $20 to $17 on May 1, 2023, with a 66% accuracy rate.
– **Recent News:** Hanmi Financial will be reporting its second-quarter financial results on July 23.
2. **Capitol Federal Financial, Inc. (NASDAQ:CFFN)**
– **Dividend Yield:** 5.81%
– **Keefe, Bruyette & Woods Analyst:** Damon Delmonte reiterated a Market Perform rating with a reduced price target from $7 to $6 on April 25, showcasing a 74% accuracy rate.
– **Piper Sandler Analyst:** Andrew Liesch maintained a Neutral rating and decreased the price target from $6 to $5.5 on the same day, also with a 74% accuracy rate.
– **Recent News:** Capitol Federal Financial reported disappointing quarterly sales results on April 24.
3. **Financial Institutions, Inc. (NASDAQ:FISI)**
– **Keefe, Bruyette & Woods Analyst:** Damon Delmonte retained a Market Perform rating and cut the price target from $23 to $20 on April 5, with a 74% accuracy rate.
– **Piper Sandler Analyst:** Alexander Twerdahi downgraded the stock from Overweight to Neutral and slashed the price target from $23 to $19 on March 25, boasting a 68% accuracy rate.
– **Recent News:** Financial Institutions will be releasing its second-quarter results after the closing bell on July 25.
Benzinga Pro’s various tools, including real-time news alerts and charting features, have proven valuable in keeping investors informed about these stocks’ performance and news updates.
For more market insights and updates, be sure to stay tuned to Benzinga for the latest developments in the financial sector.