Yields below are based on the Q4-11 dividends. Price/book ratios are based on the Q3-11 book values. The div/EPS ratios are now based on the 2012 EPS estimate. The change in book compared Q3-11 to Q3-10.
12-30-11
Current
Dividend
Current
Div/EPS
Pr/Bk
Percent Change
Company
Price
Price
/Quarter
Yield
Ratio
Ratio
Price
Pr+Div
11 EPS
Target
Book
Associated
ASBC
11.17
12.96
0.01
0.31
4.49
0.81
16.03
16.03
0.00
0.00
3.48
BB&T
BBT
25.17
27.49
0.16
2.33
27.00
1.10
9.22
9.22
0.00
0.00
3.98
City Hlds
CHCO
33.89
36.06
0.34
3.77
52.71
1.73
6.40
6.40
0.00
0.00
2.71
Comerica
CMA
25.80
29.58
0.10
1.35
18.02
0.85
14.65
15.04
0.00
0.00
5.27
First Third
FITB
12.72
13.17
0.08
2.43
22.70
0.96
3.54
3.54
0.00
0.00
6.77
1st MidWest
FMBI
10.13
11.24
0.01
0.36
5.63
0.86
10.96
10.96
0.00
0.00
-0.31
First Merit
FMER
15.13
16.03
0.16
3.99
57.14
1.11
5.95
5.95
0.00
0.00
3.08
Fulton
FULT
9.81
9.49
0.05
2.11
23.26
0.96
-3.26
-2.75
0.00
0.00
5.30
Huntington
HBAN
5.49
5.92
0.04
2.70
26.23
1.02
7.83
8.56
0.00
0.00
8.16
MB Fin
MBFI
17.10
18.42
0.01
0.22
2.76
0.86
7.72
7.72
0.00
0.00
1.46
MTB
MTB
76.34
81.72
0.70
3.43
40.64
1.21
7.05
7.05
0.00
0.00
7.95
NBTB Banc
NBTB
22.13
23.89
0.20
3.35
43.96
1.47
7.95
7.95
0.00
0.00
5.03
N. Trust
NTRS
39.66
43.07
0.28
2.60
37.46
1.45
8.60
9.30
0.00
0.00
6.19
Old National
ONB
11.65
12.44
0.07
2.25
28.57
1.15
6.78
6.78
0.00
0.00
5.65
Synovus
SNV
1.41
1.65
0.02
4.85
57.14
0.80
17.02
18.44
0.00
0.00
-19.46
Susquehanna
SUSQ
8.38
9.28
0.03
1.29
17.65
0.59
10.74
10.74
0.00
0.00
1.49
US Bancorp
USB
27.05
28.74
0.13
1.74
18.94
1.80
6.25
6.71
0.00
0.00
12.83
Valley
VLY
12.37
13.04
0.17
5.29
82.14
1.70
5.42
6.81
0.00
0.00
-3.03
Average
2.46
31.47
1.13
8.27
8.58
0.00
0.00
The KBE [the KBE Bank EFT, which is dominanted by the mega-cap banks] is 9.53% year to date.
With the 10 Treasury at 2.02% and the sector average yield [on Q4 Divs] at 2.46% - the spread is 44 basis points.
