5 Bank Dividend Stocks with Over 4% Yield

4. Northwest Bancshares, Inc. (NASDAQ:NWBI)

Number of Hedge Fund Holders: 13

Dividend Yield as of March 9: 5.84%

On January 24, 2022, Northwest Bancshares, Inc. (NASDAQ:NWBI) announced that its board of directors declared a quarterly cash dividend of $0.20 per share. The stock’s forward yield at the time was 5.6%, which, as of March 9, 2022, is up to 5.84%.

This January, Northwest Bancshares, Inc. (NASDAQ:NWBI) released earnings for the fiscal fourth quarter of 2021, for which the company beat on EPS by $0.04. The company reported earnings per share of $0.26 and generated revenues that amounted to $123.7 million. Moreover, the stock has gone up by 9.26% over the past six months.

At the close of the fourth quarter of 2021, Insider Monkey identified 13 hedge funds that held stakes in Northwest Bancshares, Inc. (NASDAQ:NWBI) which were worth approximately $11.96 million. Of these hedge funds, Two Sigma Advisors had the highest stakes in the company, worth $3.17 million.