5 Bank Dividend Stocks for 2022

In this article, we will discuss the 5 bank dividend stocks to buy in 2022. If you want to read our comprehensive analysis about bank dividend stocks, go directly to 10 Bank Dividend Stocks for 2022.

5. U.S. Bancorp (NYSE:USB)

Number of Hedge Fund Holders: 42

Dividend Yield: 3.21% (as of January 4)

U.S. Bancorp (NYSE:USB) is a US-based bank holding company which offers multiple financial services including cash management, lending and depository services, foreign exchange, and trust and investment management. The firm reported an EPS of $1.30 for the third quarter, which beat consensus estimates by $0.14.

U.S. Bancorp (NYSE:USB) declared a $0.46 per share dividend for the third quarter. The company has upped its quarterly dividend by 10% starting in Q3 2021, in the wake of the Federal Reserve’s bank stress tests.

On December 9, UBS analyst Erika Najarian initiated coverage of U.S. Bancorp (NYSE:USB) with a ‘Buy’ rating and a $70 price target. The analyst noted that the stock was “not so boring anymore”, given its approximately 300 basis points of ROTCE outperformance. The analyst cites the bank’s decision to use their share currency to buy Union Bank, and to double deposit market share in California as reasons for the ‘Buy’ rating.

As of the third quarter, 42 hedge funds were bullish on U.S. Bancorp (NYSE:USB) stock, showing a positive trend from last quarter where 41 hedge funds reported holding stakes in the company.